Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Corporate Defaults, Bankruptcies and D&O Claims
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...
D&O Insurance for Early-Stage Venture-Backed Firms:
Apr 6 2009 // Carriers Scrutinizing More, But Hungry for Business Even for established companies with proven track records, the current directors and officers (D&O) insurance market is challenging. For early-stage companies,...
An Awakened Washington Promises More Stress for Directors & Officers
Apr 6 2009 // Corporate Leaders Brace For Fallout From Heightened Regulation, Even Corrupt Foreign Practices Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market...
Willis Forms FINEX Global for Financial, Executive Risk, Professional Liability
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:...
Insurance Exclusion Applies to Liquidator, Nebraska Court Rules
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...
NIP Specialty Launches New Facility for Businesses in Bankruptcy
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...
Declarations
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...
Declarations
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...
Securities Lawsuit Filings Are Up, So What About D&O Pricing?
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...
Financial Firms Facing Highest D&O Premiums as Market Hardens
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...
How Securities Lawsuits Will Affect D&O Pricing
Feb 22 2009 // Litigation May Result in Higher D&O Prices But Not Right Away The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008,...
How Securities Lawsuits Will Affect D&O Pricing
Feb 22 2009 // Litigation May Result in Higher D&O Prices But Not Right Away The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008,...
Insurance in Times of Financial Crisis
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...
Insurance in Times of Financial Crisis
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...
London’s Reach Bolsters U.S. Specialty Lines
Jan 25 2009 // Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a...
Survey: Risk Managers Report Modest Premium Decreases in Q4
Jan 21 2009 // Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway. Rates for property, general...
Estimating Insurance Losses From the Credit Crisis
Jan 11 2009 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis, estimating aggregate directors and officers (D&O), and errors and...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
D&O Insurance Marketplace Entering a Transitional Phase
Nov 30 2008 // As Credit Crisis Ripples Through Economy, Competitive Conditions Could Be Shifting The growing wave of subprime-related litigation is among the many side effects of the subprime mortgage meltdown. The litigation wave has...
