CNA has launched a new directors & officers (D&O) Lead Side A Difference in Conditions (DIC) policy. CNA developed this policy in response to the growing mergers and acquisition (M&A) trend within the insurance marketplace, as questions and concerns may arise if the same consolidated carrier is present in the primary or excess D&O Side A-DIC insurance program.
Policy coverage highlights include:
- Improved, streamlined policy form
- D&O Side-A Policy coverage enhancements – reinstated limits, broad definition of claim and broad DIC coverage (including underlying insurer’s conduct)
- The inclusion of SOX 304/Dodd Frank 954 Costs (as defined in the policy) in the definition of Loss
CNA is a commercial insurance writer and the 14th largest property and casualty company. CNA’s insurance products include commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration.
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