All the headlines from our Directors Officers Topic Page, ordered by recency.
Oct 13 2009 // Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defense funds under a directors’ and officers’ insurance policy, a federal judge said...
Oct 6 2009 // California insurance agency Woodruff-Sawyer & Co. has acquired the Western region direct practice of Carpenter Moore from NASDAQ OMX Group Inc., according to the company.The Western region direct practice, based in...
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Sep 15 2009 // Lloyd’s of London said a federal judge should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Sep 14 2009 // A new survey by Willis concludes that “the commercial sector continues to resist the sharp rate increases for Directors & Officers insurance seen in the financial institutions sector, with the average premium...
Sep 9 2009 // According to Aon’s Quarterly D&O Pricing Index, “US financial institutions (FI) saw premium increases of 15 percent on average in Q2,” as did a number of the UK’s financial institutions....
Aug 27 2009 // Travelers Bond & Financial Products is now offering Network and Information Security Offense coverage endorsements on its Wrap+ policies. These endorsements are available for eligible policyholders in targeted private...
Jul 20 2009 // Most reasonably sophisticated consumers understand that the cheapest running shoes may be no bargain, that the least expensive cellular plan may have big gaps, and that selecting legal counsel based on which attorney...
Jul 20 2009 // Most reasonably sophisticated consumers understand that the cheapest running shoes may be no bargain, that the least expensive cellular plan may have big gaps, and that selecting legal counsel based on which attorney...
Jul 20 2009 // Most reasonably sophisticated consumers understand that the cheapest running shoes may be no bargain, that the least expensive cellular plan may have big gaps, and that selecting legal counsel based on which attorney...
Jun 15 2009 // The current financial crisis affects almost every aspect of our business life — that includes insurance. Businesses need to be wise consumers and aware of the legal issues covered by their coverages. Let’s take a...
Jun 10 2009 // A unit of Warren Buffett’s Berkshire Hathaway Inc. has agreed to provide guarantees on XL Capital Ltd directors and officers (D&O) liability insurance policies that protect corporate boards and executives...
Jun 9 2009 // Guy Carpenter & Company has published the latest installment in its series of updates on key legislative and legal developments impacting insurers and reinsurers in Continental Europe. The briefing addresses the...
Jun 1 2009 // In what has become a ritual, each Friday evening the Federal Deposit Insurance Corp. (FDIC) announces the names of the banks it has taken over that week. As of May 19, 2009, the number of year-to-date bank closures stands...
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
May 11 2009 // Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and...
May 4 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers.While banks and other financial institutions...
Apr 27 2009 // According to a report from Willis Group Holdings, “over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector’s...
Apr 21 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers.While banks and other financial institutions...
Apr 20 2009 // Deteriorating economic conditions threaten a massive wave of corporate defaults. Corporate borrowers’ inability to fulfill debt obligations could prompt a bankruptcy filing surge and lead to lawsuits as creditors and...