Innovation Insurance Group, LLC
is a consulting firm to the insurance industry providing a broad range of professional services including the development and launch of new insurance products and services, and expert witness services. The firm delivers high quality services to the insurance industry, law firms as well as to entrepreneurs seeking access to the insurance industry.
The firm's Principal, Ty Sagalow,
is a 30-year veteran of the Insurance Industry who specializes in Directors and Officers Liability Insurance
and Professional Liability Insurance
(including cyber). He is the former chief underwriting officer
and general counsel
for the largest provider of management and professional liability insurance in the world and the former chief operating officer of a major provider of network security insurance.
Mr. Sagalow is widely credited as the major author of the modern D&O policy form used in the industry and has spoken before numerous venues on the subject of directors and officers liability and insurance. He is the author of a number of works on the subject including The D&O Handbook published by the National Association of Corporate Directors. He is also the author of the foundation work on cyber-insurance, @Risk - the definitive guide to cyber-risk insurance and reinsurance issues.
The firm's two practice groups are:
Expert Witness Services
- Provide expert reports and testimony in litigation or claims disputes involving the "financial lines" product group including directors and officers insurance, professional liability insurance and security & privacy (cyber) insurance.
- Full end to end high quality services to the insurance industry for new product development and launch of new products. These services can be applied to new products from simply "rewrites" to New to the Market products for emerging risks, such as reputation risk, intellectual property, supply chain, climate change as well as many others.
View Ty Sagalow's Expert Witness Profile
A director or officer being sued or investigated for allegations of mismanagement is facing one of her or his worse nightmares. His reputation is at stake (often fueled by a stream of adverse news articles in the local press) and, because a director's or officer's liability even for "corporate decisions" is a personal liability, such a claim can be a financial nightmare as well. The situation is made all the worse when the director receives notification that the D&O insurer may be denying coverage. This article will lay out the top ten steps for a director to take to put him back in control. It all starts with