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counsel for all North American operations of Lehigh Hanson, a European basedcompany. He will lead the discussion of the need for a global perspective.D. Insurance Concerns in an Increasingly Global EconomyAlthough not a new issue, the role of insurance in modern commerce and life continuesto expand and to present issues to any in-house legal department, particularly thetripartite relationship between the insurance carrier, the insured and the appointedcounsel for the insured. This relationship presents potential conflicts of interest thatmust be addressed by all parties in the relationship, and counsel for all parties mustcomply with their ethical requirements under the Rules of Professional Conduct in theapplicable jurisdiction. Sonia Valdes, Vice President of Claims at Medmarc InsuranceCompany, will address some of the issues regarding this tripartite relationship and leadthe discussion on how they might play out in the modern global economy.Most companies have insurance as a financial backstop for products litigation.Insurance Carriers strive to provide their Insureds with quality representation in a costeffective manner. Litigation Management Guidelines describe the rights and obligationsbetween Defense Counsel assigned to defend Insureds. These Guidelines also definesome cost saving requirements which affect Defense Counsel’s relationship with theCompany, and ultimately, the Carrier.What are defense counsel’s obligations to the Company (Insured) and the Carrier?What happens if there is a conflict between the Company and Carrier? Does DefenseCounsel’s obligation change? One common issue that may arise and that all parties,7