Hermes Netburn Attorney, Scott S. Spearing, Speaks at American Bar Association Fidelity & Surety Law Committee's Fall Meeting
Hartford, CT. November 7, 2012 — Scott S. Spearing, a shareholder of Hermes, Netburn, O'Connor & Spearing, spoke at the American Bar Association's Fidelity & Surety Law Committee's Fall Meeting in Hartford, Connecticut. Scott's presentation focused on the evolution of the definition of "money," as defined under fidelity bonds and crime insurance policies, the risks that new electronic payment methods pose to businesses, financial institutions and their clients and the insurance coverage issues being raised as a result of these new payment methods.
Scott has substantial experience representing insurers and insureds in state and federal courts in connection with claims for coverage on general liability, property, professional liability, directors and officers liability, umbrella and excess policies, and fidelity and surety bonds. In addition, Scott has extensive experience in managing sophisticated business transactions. His clients are national and international in scope. In particular, Scott is responsible for coordinating insurance and risk management legal activities for an international business concern with a multilayered corporate structure, including negotiating "cyber policies" providing coverage for losses relating to data security and electronic communications.
The Fidelity & Surety Law Committee is one of the General Committees under the auspices of the Tort Trial & Insurance Practice Section (TIPS) of the American Bar Association. The committee focuses on the law of suretyship, fidelity, and forgery insurance. The Fidelity and Surety Law Committee includes member lawyers who practice in the area of Fidelity and Surety law, as well as associate members which include non-lawyer accountants, engineers and consultants who work with the lawyers and sureties to respond to surety and fidelity claims. The Committee sponsors several educational seminars each year.