MORE ACCURATE SCA DATA OPTIMIZES DATA-DRIVEN DECISION MAKING TO IMPROVE LOSS MITIGATION UNDERWRITING
"We had a data breach. I didn't learn about it until it was too late. Our stock price tanked and investors just filed a securities class action lawsuit... how much is our exposure? How much could shareholders claim in damages? Are we covered?"
The claims platform provides claim-specific analysis of an insured’s exposure, maximum damages per share, and a baseline estimate of potential class-wide damages based on proven event study analysis that abides by the Private Securities Litigation Reform Act of 1995 (PSLRA). The claims database contains all Exchange Act claims (common equity) going back to June 2018; from the first filed complaint (FIC) through the operative consolidated amended complaint. Aggregate damages computations are updated to account for changes in the allegations. Full visibility of econometric results are exhibited through each phase of the class action litigation. Non-equity Exchange Act claims are performed on specific requests.
UNDERWRITING SAR delivers robust, on-demand, and near real-time (as of the close of the previous trading day) event study analysis to identify and quantify a public company's exposure to adverse events that have materialized during the preceding two years. SAR has company-specific tracking alerts to alert D&O underwriters and brokers of notable changes in SCA exposure based on current market trading statistics. The underwriting tool provides company-specific reports on a near real-time basis of adverse events that may substantiate a potential corrective disclosure on a claim for alleged violations of the Exchange Act and Rule 10b-5.
Actively monitor your insureds SCA exposure and react faster to potential adverse events that may trigger an event-driven securities class action. Get the critical information you need to evaluate risk more effectively and attain independent quantitative analysis to support limit and pricing changes.
The underwriting tool provides company-specific analysis that quantify SCA exposure. The tool uses cloud-based processing to efficiently provide estimates of SCA exposure for any public company by identifying adverse events. SAR estimates the level of securities class action risk of any U.S.-listed company on a near real-time basis by relying on empirical and continuous event study analysis and provides D&O underwriters and brokers approximate loss estimates on a company-specific basis.