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New Members Added to Sonoma Risk's Executive Advisory Board
Geoffrey Joynt, LexisNexis Vice President & Managing Director of US Legal Markets, and Lisa Specht, Partner at Manatt, Phelps, & Phillips, Join Board
Demand for Loser Pays Contract Litigation Insurance Continues to Grow
LOS ANGELES, July 29 /PRNewswire/ -- Sonoma Risk Insurance, a leading provider of innovative and affordable litigation insurance, today announced Geoffrey Joynt, VP and Managing Director of US Legal Markets for LexisNexis, and Lisa Specht, Partner at Manatt, Phelps, & Phillips, will join the Sonoma Risk Executive Advisory Board. Both will support and advise Sonoma Risk as it expands its policy offerings to serve the growing needs of individuals and businesses looking to better manage their financial exposure in litigation.
Plaintiff Contract Litigation Insurance™ (PCLI) is the company's flagship product and the first of its kind specifically created to help protect plaintiffs from having to pay their adversary's attorneys' fees, commonly known as "loser pays" provisions. On the heels of their PCLI launch, Sonoma Risk also announced this month that it now offers Defendant Contract Litigation Insurance™, helping reduce financial risks associated with loser pays provisions. The policies are underwritten by Zurich in North America, a leading global insurance carrier.
"Since launching just a few months ago, we've seen a very strong demand for our policies and we are excited to now be able to count on Geoffrey and Lisa's expertise, particularly as we continue our expansion to more markets throughout the US," said Kevin Martin, Founder and CEO of Sonoma Risk.
ABOUT SONOMA RISK
Sonoma Risk is the only company in America dedicated to providing innovative and affordable litigation insurance to individuals, businesses and corporations.
Based in Los Angeles, with regional offices planned for the Midwest, Southwest, Southeast and Northeast, Sonoma Risk is comprised of a skilled management team of seasoned professionals within the legal and insurance industries.
For more information go to www.sonomarisk.com.
SOURCE Sonoma Risk Insurance Agency, LLC
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