Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Securities Fraud Settlements in 2011 Were Lowest in Decade
Apr 2 2012 // Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won...
Why Board Members Need Community Association D&O Liability
Apr 2 2012 // Community associations present a unique set of challenges to insurance brokers. Education is a key component to understanding these challenges and it is the insurance broker’s job to educate and explain the types of...
XL Insurance Operations Enhances ‘Side A’ D&O Coverage
Mar 30 2012 // XL Insurance has enhanced its broad form “Side A” D&O Coverage on an excess difference in conditions basis. It provides an additional limit of liability for independent directors, defense costs coverage for...
Washington Mutual Sues Its D&O Insurers, Seeks Up to $250M
Mar 26 2012 // Washington Mutual Inc. recently filed a lawsuit against a dozen insurance companies that had provided directors’ and officers’ coverage. The troubled bank holding company that just completed its Chapter 11...
Commercial Lines Prices Up for 4th Straight Quarter: Survey
Mar 12 2012 // Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price...
Bankers and Their Insurers Escape Big Penalties in FDIC Prosecutions
Feb 24 2012 // Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn’t require borrowers to prove their incomes. When the housing bubble burst, First National got...
U.S. Firms Seek Clarity on Anti-Bribery Law
Feb 22 2012 // U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups...
Beazley Simplifies D&O Purchases for U.S. Multinational Companies
Feb 8 2012 // Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the country through a single contract. The single policy will protect directors and...
Tougher U.S. Commercial Market Conditions in 2012: Marsh
Feb 6 2012 // U.S. commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to a report by insurance broker Marsh. Substantial...
Tougher U.S. Commercial Market Conditions in 2012: Marsh
Jan 25 2012 // U.S. commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to a report by insurance broker Marsh. Substantial...
New Global Risks Create Need for Expanded Directors & Officers Liability Program
Jan 23 2012 // The risk of lawsuits against senior executives has long been a major concern for businesses in the United States. But in the last few years it has become a much more serious global exposure as well. The international legal...
Regulatory Investigations Top Directors’ List of Concerns: Willis/Overy Survey
Dec 14 2011 // The liability risks facing company directors and officers are intensifying in the wake of the economic crisis. At the head of the list are “regulatory investigations and enquiries,” which pose the greatest...
DUAL Corporate Risks Adds More D&O Capacity from Aspen, Pembroke
Dec 5 2011 // London-based specialist underwriting agency DUAL Corporate Risks announced that it has entered into a strategic partnership with Aspen Managing Agency Limited (Syndicate 4711) and Pembroke Managing Agency Limited...
Lessons From Penn State Scandal
Dec 5 2011 // It will take years before the tight-knit community at Penn State University can put its horrendous scandal behind. This awful event is a reminder of just how important risk management can be. It behooves Penn State (and...
RIMS: Soft Market Has Hit Bottom for Commercial Lines
Dec 5 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says
Nov 16 2011 // Risk and Insurance Management Society’s latest survey found average renewal premium rates rising in three out of the four business lines it tracked. This “strongly suggests” that an eight-year period of...
Lawyers, Firms Line Up as MF Global Crumbles
Nov 14 2011 // Just days after the collapse of MF Global, a healthcare plaintiffs’ lawyer registered the domain mfglobal-lawsuit.com — a sign of the legal business the brokerage’s failure is expected to...
Wanted: Industry Seeks Out Specialty Marine Brokers
Oct 3 2011 // Two developments in the marine market have combined to create a tantalizing opportunity for wholesale brokers and managing general agents (MGAs) to serve the marine marketplace. While marine revenues remain fairly flat,...
Williams to Head Liberty International’s D&O, Financial Institutions Business
Sep 27 2011 // Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Guy Williams as Head of Directors & Officers and Financial Institutions (D&O/FI). He is an experienced...
Insurance Noodle to Offer ACE D&O, E&O Coverage Through Online Hub
Sep 6 2011 // Insurance Noodle, part of Willis North America, a unit of Willis Group Holdings, has added has added the management and professional liability products of ACE Commercial Risk Services to the offerings of its online quoting...
