NEWS
[]  Stevens & Lee Partners With Leading Regional Insurance Risk Consulting Firm


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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