Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
CNA’s Revised D&O Product Includes Personal Asset Coverage
Aug 26 2004 // Chicago-based commercial insurer CNA announced a revised product for directors and officers (D&O) to help reduce the risks associated with inadequate protection. CNA said its Individual Solutions policy has been...
Fiduciary Liability: The Most Misunderstood of Management Exposures
Aug 23 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
Freeburg Joins Noodle Specialty Brokers, Will Underwrite D&O and EPLI
Aug 19 2004 // Chicago-based online wholesaler Noodle Specialty Brokers (NSB) announced that Jonathan Freeburg, 44, has joined the company as a senior underwriter focusing on private company directors’ and officers’ liability...
HCC Subs Assigned ‘AA’ Ratings
Aug 16 2004 // Standard & Poor’s Ratings Services assigned its “AA” financial strength ratings to American Contractors Indemnity Co. (ACIC) and HCC Reinsurance Co. Ltd. (HCC Re), both subsidiaries of Houston-based...
‘Round and ‘Round the Cycle Goes, Where it Stops Nobody Knows
Aug 9 2004 // Like the wheels of Lance Armstrong’s bike—a blur of perpetual motion as he powered up mountain after mountain in the Tour de France—the non-stop cycle of the property/casualty insurance market continues on its...
A Decade of Improving Club Safety and Coverage
Aug 9 2004 // If you have ever insured or considered insuring golf and country clubs, you know that their risks can’t be classified or managed easily. They have kitchens and restaurants, clubhouses used for daily activities and...
D&O Market Still Faces Unresolved Securities Cases
Jul 19 2004 // Those involved in the directors and officers liability market face a continuing challenge in trying to assess the securities litigation landscape, where billions of dollars in mega and individual cases remain unresolved,...
‘Middle Market’ Not Immune to Directors & Officers Worries
Jul 19 2004 // The Enron, Adelphia, Global Crossing and WorldCom corporate governance and fraud scandals of 2001 and 2002 may seem like a distant and terrible memory, but the public received some harsh reminders recently. Former Enron...
Swett & Crawford Forms Professional Services Division
Jul 19 2004 // The Power of Many Specialists Rolled into One With the softening market at the front door of the insurance industry, brokers in the wholesale industry have been scurrying about to prepare for the inevitable dawn of hard...
PLUS: D&O Recovery Depends on More Discipline
Jul 19 2004 // Insurers must become more disciplined, underwrite more strictly, educate their insureds and price risks correctly if they expect the directors and officers liability market to improve, according to speakers at the PLUS...
RIMS: Soft Market Takes Hold as Commercial Premiums Decline 15%
Jul 15 2004 // In the continuing march toward a soft market, most commercial insurance buyers renewed their policies at the same or lower premiums last quarter, according to a survey of corporate risk managers. Data from the survey shows...
Experts Warn of Emerging Trend in ERISA Class-Action Lawsuits at PLUS Symposium
Jun 28 2004 // Stock market declines and the financial collapse of companies such as Enron, Global Crossing and WorldCom have generated numerous shareholder class-action lawsuits against directors and officers alleging violations of...
AXIS Specialty Europe to Offer Professional Lines
Jun 22 2004 // AXIS Capital Holdings Limited announced that its European insurance subsidiary, AXIS Specialty Europe Limited (AXIS Europe), has begun underwriting Directors and Officers Liability Insurance and other Professional Lines...
XL to Offer Primary D&O Coverage Across Europe
Jun 15 2004 // XL Europe Limited, an XL Capital Ltd company, announced that XL’s worldwide professional lines operation, XL Insurance Professional, is to offer primary Directors & Officers (D&O) liability insurance...
AXIS U.S. Expands Professional Liability Coverage; Builders’ Risk Capabilities
Apr 21 2004 // AXIS U.S. Insurance announced from its headquarters in Alpharetta, Ga., that it has expanded both its professional lines capabilities and its Builders Risk Product Offerings. For greater coverage of professional liability...
Willis Reports on Insurance Marketplace Conditions
Apr 20 2004 // Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain...
Securities Litigation Landscape Poses Continuing Challenges for D&O Insurers
Apr 19 2004 // The securities litigation landscape remains challenging for all involved in the directors and officers market, executives attending the 2004 PLUS D&O Liability & Insurance Issues Symposium were told. Introducing...
Big I, Fireman’s Fund Offer Nonprofit D&O Market
Apr 8 2004 // Fireman’s Fund is offering two nonprofit director and officer (D&O) liability insurance products to Independent Insurance Agents and Brokers of America (IIABA) members in states where the online market access...
AIG Launches ‘Sports Risk Solutions’
Apr 6 2004 // The AIG Companies have announced the launch of “AIG Sports Risk Solutions(SM),” described as “a comprehensive insurance program designed for youth and adult amateur athletic organizations that provide...
AIG’s National Union Launches Mutual Fund IDL Premier
Mar 25 2004 // National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group, announced the launch of Mutual Fund IDL Premier(SM), a new coverage designed to meet the emerging liability...
