All the headlines from our Directors Officers Topic Page, ordered by recency.
Dec 18 2003 // A new insurance policy from the Chubb Group of Insurance Companies can reportedly help protect the personal assets of directors and officers when their company is unable, unwilling or legally prohibited from funding...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // Although rates of renewal increases in property/casualty insurance lines have slowed overall, some markets continue to be problematic, according to an announcement released by Dallas-based MarketScout. Richard Kerr,...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // Directors and officers liability premiums have risen by 30 percent—and sometimes by as much as 300 percent—in the past two years, following revelations of misdoings at corporations like Enron, Tyco and WorldCom. This...
Dec 11 2003 // As the property and casualty industry begins to settle into more stable pricing, there continues to be aberrations in certain coverages. D&O, medical malpractice and workers’ compensation are among the coverages...
Dec 1 2003 // The Professional Liability Underwriting Society’s 16th annual convention, held Nov. 9-11 in Philadelphia, featured a broad range of discussions on timely issues facing insurers, agents, brokers and the lawyers who...
Nov 21 2003 // Los Angeles-based E.L.M. Insurance Brokers Inc., a specialist in professional liability, targets small to mid-size businesses with its “professional liability suite of products,” which includes liability...
Nov 17 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Energy Insurance Mutual Limited (EIM) (Bridgetown, Barbados). The rating outlook is stable.The rating reflects EIM’s excellent...
Nov 3 2003 // The Professional Liability Underwriting Society (PLUS) International Conference, to be held in Philadelphia Nov. 9 – 11, promises to explore the often conflicting circumstances in the professional liability insurance...
Oct 21 2003 // ACE European Group has announced some changes to its Directors & Officers management team for the UK and Ireland, effective November 1, 2003. “In order to capitalise on significant growth opportunities in the...
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Sep 8 2003 // “Client, insure thyself!”Well it hasn’t quite reached that point yet, but the hard market has caused insurance buyers to commence an unprecedented search for affordable risk management solutions. Pushed...
Sep 8 2003 // Premium growth continues unabated for surplus line carriers, the insurance industry’s relief pitchers. They find themselves the beneficiaries of a standard marketplace still skittish about placing risks in lines...
Aug 20 2003 // California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, added Matthew McFall as assistant vice president and D&O broker for the company’s...
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC) shift in focus...
Aug 18 2003 // The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC’s) shift in...
Aug 11 2003 // CPCUs can learn about the latest property and casualty insurance topics at the CPCU Society’s 59th Annual Meeting and Seminars, taking place in New Orleans, Oct. 11-14.The Annual Meeting’s Property and Casualty...
Aug 8 2003 // There is reportedly relief in sight for commercial insurance buyers numb from years of hefty premium increases and stiff underwriting conditions. The commercial middle market will enjoy lower rate increases and some flat...
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...