All the headlines from our Directors Officers Topic Page, ordered by recency.
Jul 8 2002 // WorldCom’s recent revelations of accounting irregularities that resulted in the company overstating pretax profits by nearly $4 billion in 2001 and early 2002 are yet another blow to a directors and officers...
Jul 8 2002 // Nuts & Bolts: Safe Harbor Surplus has available programs for condo/homeowner associations, property management firms and property managers. Condo coverages are for D&O, EPLI, fidelity, umbrella and workers’...
Jun 3 2002 // June 3, 2002Philadelphia Insurance Companies’ announced the introduction of their new “Flexi-Five® non-profit D&O policy,” described as “providing traditional D&O coverage along with:...
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Apr 19 2002 // Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer LMI Insurance Company, has sued LMI’s parent, Highlands Insurance Group and other affiliated companies...
Mar 25 2002 // Nuts & Bolts: Monitor Liability Managers Inc., a member of W.R. Berkley Corporation, has partnered with the Biotechnology Industry Organization (BIO) to provide D&O to the biotech industry. The BIO-Monitor...
Mar 14 2002 // Global insurance broker Willis Group Holdings Limited has issued its assessment of the Directors and Officers Liability Insurance (D&O) market, and concludes that it “is in considerable disarray, with insurance...
Mar 1 2002 // Enron, the World Trade Center attack, and other recent disasters have made directors and officers liability one of the worst performing lines of insurance in 2000 and 2001. It is only through adequate pricing, higher...
Feb 28 2002 // The hardening market for Directors and Officers liability coverage is forcing brokers and their clients to accept higher rates, less coverage and larger retentions, panelists told a recent PLUS D&O Symposium. These...
Feb 25 2002 // According to a new report by A.M. Best, the bankruptcy of Houston-based energy trader Enron Corp. has affected the investment portfolios of a number of insurers. As of Sept. 30, 2001, the affected companies had more than...
Jan 28 2002 // “Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of...
Dec 17 2001 // A recent report in Lloyd’s List states that the number and severity of claims against directors and officers has been rising, and concludes that greater surveillance of corporate governance is leading to more legal...
Nov 19 2001 // As recession looms and claims costs associated with the terrorist attacks on September 11 add up, insurance markets are beginning to harden for the first time in nearly a decade. Many major property and casualty carriers,...
Nov 12 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
Nov 7 2001 // Navigators Management Company, a subsidiary of The Navigators Group Inc., has formed a new division, Navigators Pro, specializing in D&O and professional liability. The financial insurance products include directors...
Nov 5 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
Oct 8 2001 // The Chubb Group of Insurance Companies introduces Protection for Community Association Leaders(SM), an insurance policy designed to meet the unique directors and officers (D&O) liability, employment practices...
Sep 17 2001 // Although Directors’ and Officers’ liability insurance (D&O) often is associated with large for-profit companies, they are not the only ones that need it. Many people hold the common misperception that...
Sep 11 2001 // Conseco Inc. is suing six of its own insurers, claiming they are attempting to dodge legitimate potential claims on directors and officers policies bought by the Indianapolis-based insurer.In its annual 10-Q filing with...
Aug 14 2001 // ePolicy.com Insurance Services Inc. announced the launch of its nonprofit directors and officers (D&O) liability product, which the company states is the first in the industry allowing a nonprofit organization to...