All the headlines from our Directors Officers Topic Page, ordered by recency.
Apr 17 2009 // A report from FINEX Global, Willis’ London-based Financial, Executive Risk and Professional Liability business, has found that financial institutions (FI) face “an average premium hike of 15 percent in early...
Apr 9 2009 // “Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to...
Apr 9 2009 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has partnered with Five Star Specialty Programs (Five Star), a division of Crump Insurance Services Inc., to create a new insurance program for...
Apr 6 2009 // Austin, Texas-based National Insurance Partners Inc. (NIP) has launched a broad form of directors and officers insurance coverage for independent directors of companies.X-PROTECT is offered in partnership with the...
Apr 6 2009 // A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court.The ruling is believed to be the first by any...
Apr 6 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...
Apr 6 2009 // Even for established companies with proven track records, the current directors and officers (D&O) insurance market is challenging. For early-stage companies, present underwriting practices for D&O insurance...
Apr 6 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...
Mar 24 2009 // Willis Group Holdings announced the formation of FINEX Global, a new division that will incorporate all of Willis’ existing London-based Financial, Executive Risk and Professional Liability business.Willis noted:...
Mar 24 2009 // A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court.The ruling is believed to be the first by any...
Mar 19 2009 // NIP Specialty Brokerage, a division of New Jersey-based NIP Group, Inc., launched a new facility to help agents/brokers replace business insurance policies cancelled or non-renewed because their clients have filed for...
Mar 9 2009 // Can’t Figure“I can’t figure out what amount (Blunt) is convicted of.” —District Judge Bruce Romanick in ordering Sandy Blunt, the former director of North Dakota’s Workforce Safety and...
Mar 9 2009 // No Choice“They (Legislature) will do something because they have no choice.” —Sam Miller, executive director of the Florida Insurance Council, commenting on the need for the Florida Legislature to include...
Mar 9 2009 // The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over the 172 securities lawsuits...
Feb 26 2009 // Financial services companies now pay the highest average premiums for directors and officers (D&O) liability insurance, surpassing rates paid by life sciences and technology firms, according to a report from Carpenter...
Feb 22 2009 // The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over 2007, and nearly a 90...
Feb 22 2009 // The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over 2007, and nearly a 90...
Jan 28 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 look...
Jan 25 2009 // Fiduciary liability typically involves an employee suing an employer for not offering employee options for investing in a 401K plan, and the law weighs heavily in favor of the employee in these cases.The current financial...
Jan 25 2009 // Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British insurers have taken it to heart and have built substantial profit centers...