Governance – Policies & Procedures for Insurance Companies
All companies must have a set of internal policies pursuant to which a company is controlled and directed, delegating certain functions to each of the stakeholders (board of directors, shareholders, and others). For insurance companies, there are additional layers to take into account. A governance program must include a wide variety of policies, including conflicts and ethics, insider trading policies if a public company, Sarbanes Oxley compliance, and holding company reporting obligations. This podcast will discuss some of the governance considerations for insurance companies.
Featuring: Tim E. Braue, President of Old Line Government Affairs, a subsidiary of Nemphos Braue LLC
Jason Schupp, Founder and Managing Member of Centers for Better Insurance, LLC
Hosted by: Dan Cotter, Attorney, Howard & Howard Attorneys PLLC
Tim E. Braue is a founding member of NB Law. He focuses his practice in the area of sophisticated corporate transactions. Mr. Braue frequently represents private companies, venture capital investors and private equity funds in connection with mergers and acquisitions, private securities offerings and general corporate matters. Mr. Braue’s clients include manufacturing and industrial services companies, pharmaceutical and medical device businesses, telemedicine and high-tech telecommunications companies, real estate development firms, insurance entities and emerging food and beverage industries.
Jason Schupp is the founder and managing member of the Centers for Better Insurance (CBI). CBI is an independent, self-funded organization committed to optimizing the value the insurance industry delivers to all stakeholders (including policyholders, employees, shareholders, and society at large). CBI does so by making available unbiased analysis and insights about key regulatory issues facing the industry. Prior to founding CBI, Jason served for over two decades in various legal and regulatory roles, including Group Compliance Officer, with a Switzerland-based multinational insurance group. He is the author of The Terrorism Risk Insurance Act: Policy, Processes and Controls.
Daniel A. Cotter is Attorney and Counselor at Howard & Howard Attorneys PLLC. Dan focuses his practices in a variety of areas of corporate law and litigation, primarily on insurance law, including complex business disputes and counseling, employment law, corporate transactions, corporate governance and compliance, and cybersecurity and privacy law. His clients benefit from his diverse professional experience, which – in addition to his years serving as trusted outside counsel – includes positions as a corporate accountant and an in-house attorney. He spent almost 17 years in-house at insurance organizations, where he focused on insurance, regulatory, technology, IT, compliance and transactional matters. Dan served as President of The Chicago Bar Association for the 2014-2015 bar year and is former Chair of The Young Lawyers Section of The CBA.
Dan was an adjunct professor at The John Marshall Law School, and has taught Insurance Law, Accounting for Lawyers and SCOTUS Judicial Biography. Dan graduated summa cum laude from The John Marshall Law School and received his B.A. in Accounting from Monmouth College, magna cum laude. Dan is a frequent writer and presenter on various substantive topics, including technology and privacy, and in 2019, his book, “The Chief Justices,” was published.