D&O insurance News

Oklahoma Emergency Care Provider Will Take Insurer to Court over Legal Fees

An emergency medical care provider in Oklahoma has authorized its attorneys to take a liability insurance company to court if needed to force the business to pay a claim aimed at covering legal costs. Emergency Medical Services Authority has a …

D&O Liability Insurance Could Feel Effects of New York’s Cyber Regulation

While the full implications of the New York State Department of Financial Services’ (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, many are beginning to question the regulation’s impact to directors …

UK Insurers Call for Collective Action to Address Climate Change

Lloyd’s of London and other UK insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In an open letter to Bank …

Travelers Adds Broad Form Plus+ to D&O Liability Portfolio

Travelers has added Broad Form Plus+ to its portfolio of directors and officers (D&O) coverages as a way to protect against concerns above and beyond corporate liabilities. While many companies typically provide protection to their directors and officers for defense …

Beazley, Hiscox Form D&O Consortium with Capacity up to $50 Million

Lloyd’s of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional options to complex risks for U.S.-domiciled companies. Central to the proposal …

Delaware Judge Weighs D&O Insurer’s Obligation in Oracle Settlement

Attorneys for Oracle Corp. are asking a Delaware judge to order an insurer to pay $20 million to cover attorney fees related to the proposed settlement of a shareholder lawsuit. The lawsuit challenged Oracle’s 2011 acquisition of Pillar Data Systems, …

ACE Bermuda Launches New CODA Premier D&O Policy

ACE Bermuda has launched a new CODA Premier directors and officers liability policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial property and casualty insurance businesses in North America. Enhancements …

U.S. Risk, Western World Launch Private D&O, EPL, Fiduciary Liability Program

U.S. Risk Pro, a division national MGA and surplus lines wholesaler U.S. Risk Insurance Group, Inc., and Western World Insurance Group have launched a new program for private company directors and officers liability. This national program will include employment practices …

IPO-Seeking China Companies Pay More to Avoid Boards Going Naked

Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including Jinko Solar Holding …

Judge: Second Mile Insurer Not Obligated to Cover Sandusky’s Defense Costs

The insurance carrier for the children’s charity founded by former Penn State assistant football coach Jerry Sandusky doesn’t have to cover his criminal or civil legal costs related to acts of child sexual abuse, a judge ruled Friday, March 1. …