Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Integro Hires Three from Marsh for San Francisco Office
Aug 26 2005 // New York-based Integro Ltd. has announced it has hired three former Marsh senior vice presidents for its San Francisco office. Charles F. Shay Jr. will serve as Managing Principal, Management Risk Solutions; Tim Candy will...
Broadening Club Coverage in a Softening Market
Aug 8 2005 // The softening market has provided some welcome price relief for golf and country clubs, which had weathered significantly higher premiums in the last few years. To agents and brokers writing golf and club business, this is...
D&O Liability Plan Upgraded to Reflect Banks Entering New Fields
Jul 27 2005 // In response to the increasing complexity of community banking, the American Bankers Association-sponsored insurance program, underwritten by Progressive Casualty Insurance Co., has released a new directors and...
Willis: Gains for D&O Policyholders Figure to Continue
Jul 14 2005 // The last three months have witnessed a period of stability and consolidation in overall capacity of the directors and officers market. Premium rates, however, continue to reduce and brokers continue to drive improved...
Progressive Offers New Community Bankers’ D&O Market
Jul 7 2005 // Mayfield Village, Ohio-based Progressive Casualty Insurance Co. has released a new directors’ and officers’/company liability policy for financial institutions. The new policy allows bankers to protect the...
The Hartford’s New D&O Product Protects Independent Directors
Jun 28 2005 // Until recently, independent directors serving on corporate boards could comfortably rely on a company’s indemnification and directors & officers (D&O) insurance to protect them from legal action in...
Zero Tolerance: Agency Mistakes are No Longer Acceptable
Jun 20 2005 // There is an abundance of material offering insurance agents advice designed to minimize or prevent errors and omissions claims. Most of these materials are generalized, focusing on proper file documentation and stressing...
The British Are Coming! No – They’re Already Here
Jun 6 2005 // Over 200 years ago Paul Revere rallied the Minutemen with the cry: “The British are coming!” He’d be somewhat surprised to learn of today’s more benign invasion by a number of British insurance...
R&M Report on U.K. Employer’s Liability Market Sees Slower Growth
May 25 2005 // Dublin-based Research and Markets has announced the addition of UK Commercial Liability Insurance 2005 to their offering, which it describes as “a market based report looking in-depth at the three key liability...
XL Professional Lines Offers Insurance for Independent Directors
May 20 2005 // XL Professional Lines, a unit of XL Insurance (Bermuda) Ltd., has extended its portfolio of Directors & Officers liability products with the addition of dedicated coverage for independent directors of company...
PLUS Symposium: Greater Transparency Will Change the Way Industry Does Business
Mar 21 2005 // Transparency will reportedly bring fundamental changes in how the industry operates, resulting in more open communication between the client, the broker and the underwriter. A change in the dynamics of the business also...
News from Worldcom, Enron and Spitzer Invades PLUS Symposium
Mar 7 2005 // News from Worldcom, Enron and Spitzer Invades PLUS Symposium Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, professional liability...
Ripped from the Headlines: Law and Order in Today’s D&O
Mar 7 2005 // News from Worldcom, Enron and Spitzer Invades PLUS Symposium Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, according to...
Insurers Must Underwrite Smarter, Not Succumb to D&O Market Pressures
Mar 7 2005 // Insurers must not be lulled into thinking that the Directors and Officers liability market has recovered because the quantity of cases remain high and the complexities of litigation are overwhelming. As a result, carriers...
Ripped from the Headlines: Law & Order in Today’s D&O
Mar 7 2005 // News from Worldcom, Enron and Spitzer invades PLUS Symposium Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, according to...
Commercial Insurance Posts Full Year in Soft Market, RIMS Survey Reveals
Feb 21 2005 // The commercial insurance industry experienced a full year of a soft market conditions in 2004, as the last months of the year represented the fourth consecutive quarter of declining prices, according to the RIMS Benchmark...
Message to Board: Find Out What’s in Your D&O Policy Before It’s Too Late
Feb 21 2005 // Not knowing the difference between a “severability clause” and a “final adjudication exclusion” could have major consequences for audit committee members and their fellow directors. Board members...
Management and Professional Liability
Feb 21 2005 // Nuts & Bolts: Pittsburgh-based National Union Fire Insurance Co. has launched PrivateRisk Protector, a new management and professional liability portfolio of coverages designed to address the broad spectrum of...
Fiduciary Liability: Obtaining Effective Insurance
Feb 21 2005 // As discussed in part one of this series in the Feb. 7 issue (page 34), fiduciary liability is one of the most misunderstood of management exposures. However, once one grasps the concept of personal liability embedded in...
D&O RATES TO DECREASE EVEN MORE:
Feb 21 2005 // The start of 2004 was a testing time for the global D&O market, reports Willis’ Directors & Officers Index which asked participating insurers for their views about the past three and next three months....
