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READING and PHILADELPHIA, PA , May 30, 2007 – Stevens & Lee
announced today its partnership with Pinnacle Risk Services, Inc.,
one of the region’s leading insurance risk consulting firms.
Pinnacle provides professional risk consulting services to risk
managers and others charged with the protection of their company’s
assets, primarily CEOs, CFOs, Board Chairpersons and General
Counsel.
“We’re extremely
pleased to have Pinnacle join the Stevens & Lee team,” said Jeanna
Hahn, Stevens & Lee spokesperson. “We’ve worked on engagements with
Pinnacle in the past and have been impressed with the breadth of its
risk management expertise, particularly in its gap analysis product
for corporate insurance programs.”
“We look forward to
offering this and other value-added risk management services to our
institutional clients,” said Ms. Hahn.
“Pinnacle’s
partnership with Stevens & Lee gives us access to the breadth and
depth of services provided by a leader among law firms in the
Mid-Atlantic region,” said Kenneth M. Maher, Managing Principal of
Pinnacle Risk Services, Inc.
“It also allows our
firms to work seamlessly with clients in helping them understand the
risks associated with Directors & Officers, Professional and
Employment Practices Liability,” said Mr. Maher, “and to see that
their insurance programs address the needs of the corporation, as
well as the individual directors and officers who can be held
personally liable in some instances.”
One of Pinnacle’s
many value-added services is to provide an independent and objective
review of a client’s corporate insurance programs to identify gaps
in coverage that can make the difference between whether a claim is
insured or not.
“All too often we
find gaps in coverage or key words or sections of a insurance
contract that need to be amended to either broaden coverage or
minimize an exclusion that could result in an unfunded loss,” said
Mr. Maher.
Pinnacle has
particular expertise in property and casualty insurance, namely
professional liability insurance, including D&O and E&O insurance,
employment practices and fiduciary liability, and in merger and
acquisition due diligence in the insurance risk management area. The
company also works closely with clients to develop insurance
solutions to address representations and warranties in sales
agreements that benefit both the buyer and the seller.
Although Pinnacle
works with clients in a number of industries, it has particular
expertise in the financial services and health care industries.
ABOUT PINNACLE RISK
SERVICES, INC.
Pinnacle Risk Services, Inc., provides independent and objective
professional risk management service to clients with the overall
goal of enhancing shareholder value, reducing operating costs,
improving balance sheet protection and increasing efficiency of
insurance program design.
Pinnacle’s Managing
Principal, Kenneth M. Maher, has over 30 years of industry
experience and has held senior executive positions with the Nasdaq
Insurance Agency, PriceWaterhouseCoopers, Meridian Bancorp and
Jeanes Hospital. Visit
www.pinnacleriskservices.com for more information.
ABOUT STEVENS & LEE
Stevens &
Lee is a professional services firm of approximately 185 lawyers and
40 non-lawyer business and consulting professionals representing
clients throughout the Mid-Atlantic region and across the country
from 15 offices in the following locations: Reading, Harrisburg,
Lancaster, Philadelphia, Valley Forge, the Lehigh Valley, Scranton
and Wilkes-Barre, Pennsylvania; Princeton and Cherry Hill, New
Jersey; Wilmington, Delaware; New York City and Charleston, South
Carolina.
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