All the headlines from our Directors Officers Topic Page, ordered by recency.
Nov 2 2008 // More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a result of the global financial crisis, which is likely to hit insurers especially hard. Given this, what are the...
Nov 2 2008 // At last year’s PLUS conference, who among us would have ever predicted the current financial market upheaval? Certainly the subprime mortgage crisis was a key discussion topic, but it is safe to say that anyone who...
Oct 23 2008 // Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining....
Oct 22 2008 // The U.S. property/ casualty industry’s reported statutory surplus at the end of the third quarter is projected to decline as much as $42 billion, or 8 percent, from the beginning of the year, according to estimates...
Oct 17 2008 // ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s.Commercial D&O is now available...
Oct 6 2008 // There have been some subtle and not-so-subtle moves by competitors in reaction to AIG’s troubles.Navigators Pro increased its capacity for directors and officers (D&O) liability insurance, citing the...
Sep 23 2008 // A combination of “class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms,”...
Sep 22 2008 // Over the past decade, the directors and officers liability market has grown faster than the broader property/casualty market, at nearly double the rate of the commercial lines average. Premium growth has come from pricing,...
Sep 2 2008 // Over the past decade, the directors and officers liability insurance market has grown faster than the broader property/casualty market, at nearly double the rate of the commercial lines average. Premium growth has come...
Aug 21 2008 // The continued steady subprime and credit crisis-related lawsuit filing level suggests that the litigation wave will continue during the second half of 2008.Is litigation stemming from the subprime- and credit...
Aug 4 2008 // Narragansett Bay Insurance Co. of Pawtucket, Rhode Island has named Mark Talerico chief risk officer.Talerico will oversee Narragansett’s distribution of risk in homeowners insurance, and guide the insurers exposure...
Aug 4 2008 // Is litigation stemming from the subprime- and credit crisis-related activity increasing directors’ and officers’ insurance premiums? Despite the steady flow of new securities litigation during the first half of...
Jul 31 2008 // Liberty International Underwriters, a part of Liberty Mutual Group, has created Private Advantage Company Combo policy to provide broad private company management coverage for directors and officers, employment practices...
Jul 30 2008 // More than one-third of U.S. businesses do not purchase any type of management or professional liability insurance. Yet, two out of three U.S. private companies have experienced some type of event related to management or...
Jul 8 2008 // Sustainability risks are one of the most critical emerging risk areas of the 21st century and actuaries will need to develop mitigation and financing strategies for handling them.“Sustainability risks are going to...
Jun 23 2008 // ACE Bermuda International announced that effective July 1, 2008 all CODA policies will be issued at inception. The company also announced the launch of its new 2008 CODA policy aimed at the UK business market, featuring...
Jun 10 2008 // Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp., reports it has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability (D&O)...
Jun 4 2008 // Willis recently hosted a conference of senior risk managers from the US oil and gas industry at its inaugural Global Risk Challenge seminar in Houston. They concentrated on finding out more about some of the major...
May 5 2008 // Ask Charlie Rosson and Mary Sklarski of San Francisco-based Woodruff-Sawyer and Co. what keeps their company successful and they’ll give the same answer: simplicity. For Rosson, chief executive officer, and Sklarski,...
Apr 18 2008 // A situation that could lead to a directors and officers liability claim arises. What’s an agent or broker to do?According to Susanne Murray of the New York office of insurance broker HRH, an expert in D&O...