Latest Directors Officers Headlines

Stock option timing scandal to be felt in D&O insurance

Jul 24 2006 // Already, insurers are asking businesses questions about whether they have any exposure to option-grant timing, especially in industries like technology where options have been more prevalent as an employee compensation and...

Willis: D&O Buyer’s Market Continues

Jul 24 2006 // There are small but significant gains to be made for insureds in the current London D&O market, according to the majority of underwriters surveyed in the Willis Index tracking this sector. The Index for the second...

The Insurance Scholarship Foundation of America Announces the 2006-2007 Board of Directors and Officers.

Jul 6 2006 // Susanne N. Wolfe, CPIW of Arthur J. Gallagher & Co. – Greenville Is Named Chairman Cornelius, NC – The NAIW Education Foundation d.b.a. Insurance Scholarship Foundation of America elected their Board of...

Stock Option Timing Scandal to be Felt in D&O Insurance

Jul 5 2006 // If investors think they’re safe from the scandal involving the suspicious timing of executive stock option grants, they may want to consider this: Even if they aren’t invested in companies caught up in that...

Tudor Enhances Non-Profit Policy

Jul 5 2006 // Tudor Insurance Company has introduced an enhanced version of its non-profit organization liability policy. A separate limit of liability will now be available for employment practices liability claims (generally available...

Jul 3 2006 // People Dallas-based Colemont Insurance Brokers – Texas announced the promotions of Su Young to assistant vice president and Amy Rosso-Leiker to the position of broker. Young joined Colemont in 2001 as a financial...

XL Introduces New U.K. D&O Product

Jun 14 2006 // XL Insurance Ltd., a subsidiary of Bermuda’s XL Capital Ltd., announced that its UK-based professional lines business has added a new product specifically tailored to the directors and officers insurance market in...

Benfield Corporate Recruits Global D&O Team

Jun 13 2006 // Benfield Corporate Risk has successfully recruited a new global Directors & Officers team to further enhance its casualty specialty capabilities in the marine, energy, power and mining sectors. The new team will be...

Navigators Pro Introduces IPO Endorsement for D&O Policy

May 23 2006 // Navigators Pro, a division of Navigators Management Company, has introduced the IPO InNAVation coverage endorsement to its primary directors’ and officers’ (D&O) liability policy. IPO InNAVation increases...

St. Paul Travelers Launches Canadian Directors and Officers Policy

Apr 21 2006 // Directors and officers of companies in Canada will have broader protection for claims made against their personal assets under a new Directors’ and Officers’ policy introduced by Minn.-based St. Paul...

ACE Europe Enhances Liability Cover for Investment and Fund Managers

Apr 17 2006 // ACE European Group is launching an enhanced range of covers as part of its Elite Investment Management Insurance product. This is in response to increased exposure to litigation and a growing demand for the investment and...

Insurance Journal Reports on How Zurich Pacts Affect Agents; Promise of Mid-Sized D&O Market

Apr 4 2006 // Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under...

Take the pollution out of your D&O policy

Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...

Take the pollution out of your D&O policy

Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...

D&O liability premiums fall for second straight year, study says

Apr 3 2006 // Directors and officers liability insurance average premium continued to decline in 2005, dropping by 9 percent last year after a 10 percent decline in 2004, according to the “D&O Liability 2005 Survey on Claims...

Downsized D & O

Apr 3 2006 // It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time. Looking at the market’s...

Take the pollution out of your D&O policy

Apr 3 2006 // D&O insurers may invoke an ‘absolute’ pollution exclusion to deny coverage for claims that arise out of environmental reserves or other pollution. Is your directors and officers policy polluted?...

10 Pa. Gov. Rendell not shy with veto pen

Apr 3 2006 // Nixes joint and several fix; also homebuilder damages cap 10 Northeast warned of ‘historic’ storm this year Meteorologists say patterns mimic 1938 Long Island Express 12 Insurers unlikely to alter credit...

Case Law Watch

Apr 3 2006 // Northwestern National Insurance Company v Carlson (Minn. App. March 7, 2006) Ruling: An insured’s cause of action against a liability insurer for breach of its contractual duty to indemnify does not accrue, and,...

8 Poe/Southern Family changes its Florida underwriting

Apr 3 2006 // Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against...