Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
An Awakened Washington Promises More Stress for Directors & Officers
May 11 2009 // Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and...
Risk Managers Report ‘Soft Landing’ for Market Pricing
May 4 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
Willis Study Finds ‘Buyers’ Market’ for Commercial D&O in Q1
Apr 27 2009 // According to a report from Willis Group Holdings, “over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector’s...
Risk Managers Report ‘Soft Landing’ for Market Pricing
Apr 21 2009 // Insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases, according to risk managers. While banks and other financial institutions...
Corporate Defaults, Bankruptcies and D&O Claims
Apr 20 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...
Willis Finds Credit Crunch Fallout Raises Financial Premiums by 15%
Apr 17 2009 // A report from FINEX Global, Willis’ London-based Financial, Executive Risk and Professional Liability business, has found that financial institutions (FI) face “an average premium hike of 15 percent in early...
Marsh Finds Growing Demand for D&O Coverage as Claims Rise
Apr 9 2009 // “Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to...
LIU, Five Star Specialty Launch Nonprofit Management Liability Program
Apr 9 2009 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has partnered with Five Star Specialty Programs (Five Star), a division of Crump Insurance Services Inc., to create a new insurance program for...
National Insurance Partners’ New Product Covers Independent Directors
Apr 6 2009 // Austin, Texas-based National Insurance Partners Inc. (NIP) has launched a broad form of directors and officers insurance coverage for independent directors of companies. X-PROTECT is offered in partnership with the...
Nebraksa Rules Insurance Exclusion Applies to Liquidator
Apr 6 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...
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...
