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Fragmented Risk: Understanding How and Why Insurers Fragment Risk

Friday, March 1, 2013 | 8:30 AM - 3:00 PM
Registration for this program is now closed. Please see the full listing for upcoming IPE programs.
This conference on Fragmented Risk will engage academics, industry professionals, lawyers, and regulators in discussion of fragmenting risk in property insurance, commercial general liability policies, business interruption insurance and other areas. Fundamental to an understanding of the legal, economic and practical parts of general liability is an understanding of how and why insurers fragment risk. This topic raises important issues for consumers, insurance companies, courts, regulators, and society at large.

Insurance policies embody a tension between bundling related risks and fragmenting risk through exclusions, narrow definitions, and other limitations. Policyholders benefit from bundling risk because coverage is easier to purchase and more predictable, because there are fewer gaps in coverage and those gaps that remain are more easily understood. Fragmenting risk allows insurers to exclude coverage for correlated risks where potential losses are high (such as flood damage under homeowners’ insurance), to reduce premium costs to respond to market conditions, and to limit potential liability for new and unanticipated risks. But fragmenting risk causes many losses to be uninsured, as is evident following natural disasters such as Superstorm Sandy.

*****$50 IF NOT SEEKING CLE***** Please call 856-225-6658 for special registration code.
Faculty:Michelle Boardman, George Mason University School of Law
Mike Childress, Childress Duffy, Ltd.
Thomas Considine, MagnaCare
James Davey, Cardiff University School of Law
Jay Feinman, Distinguished Professor, Rutgers School of Law-Camden
Chris French, Villanova University School of Law
Don Hornstein, University of North Carolina School of Law
Peter Kochenburger, University of Connecticut School of Law
Adam Scales, Associate Dean for Academic Affairs and Professor of Law, Rutgers School of Law-Camden
Daniel Schwarcz, University of Minnesota School of Law
Jeff Stempel, University of Nevada, Las Vegas, Boyd School of Law
Rick Swedloff, Assistant Professor of Law, Rutgers School of Law–Camden
Harold Weston, Georgia State University, Robinson College of Business
Dr. Steven Weisbart, Insurance Information Institute
Region:Central New Jersey
Southern New Jersey
Philadelphia Metro Area
Location:Rutgers School of Law - Camden
217 North 5th Street
Camden, NJ
Credits:CLE: NJ: 5.1 | NY: 5.0 | PA: 4.0
Detailed Information:Program Announcement
Registration for this program is now closed. Please see the full listing for upcoming IPE programs.