Latest Directors Officers Headlines
All the headlines from our Directors Officers Topic Page, ordered by recency.
D&O for Biotech
Mar 25 2002 // Nuts & Bolts: Monitor Liability Managers Inc., a member of W.R. Berkley Corporation, has partnered with the Biotechnology Industry Organization (BIO) to provide D&O to the biotech industry. The BIO-Monitor...
Willis Study Finds DO Market in Disarray
Mar 14 2002 // Global insurance broker Willis Group Holdings Limited has issued its assessment of the Directors and Officers Liability Insurance (D&O) market, and concludes that it “is in considerable disarray, with insurance...
Adequate Pricing, Higher Retentions Needed to Improve DnO Line
Mar 1 2002 // Enron, the World Trade Center attack, and other recent disasters have made directors and officers liability one of the worst performing lines of insurance in 2000 and 2001. It is only through adequate pricing, higher...
Hard DnO Market Tests Relationships of Underwriters, Brokers and Insureds
Feb 28 2002 // The hardening market for Directors and Officers liability coverage is forcing brokers and their clients to accept higher rates, less coverage and larger retentions, panelists told a recent PLUS D&O Symposium. These...
A.M. Best: Enron Bankruptcy Costs Insurers More than $3 Billion
Feb 25 2002 // According to a new report by A.M. Best, the bankruptcy of Houston-based energy trader Enron Corp. has affected the investment portfolios of a number of insurers. As of Sept. 30, 2001, the affected companies had more than...
Enron’s Crash Radiates in All Directions, Implications for Insurers
Jan 28 2002 // “Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of...
Report DnO Claims, Premiums Increase
Dec 17 2001 // A recent report in Lloyd’s List states that the number and severity of claims against directors and officers has been rising, and concludes that greater surveillance of corporate governance is leading to more legal...
Insuring Nonprofits as Markets Harden
Nov 19 2001 // As recession looms and claims costs associated with the terrorist attacks on September 11 add up, insurance markets are beginning to harden for the first time in nearly a decade. Many major property and casualty carriers,...
D&O Liability: Executives Bear the Weight of Success or Failure
Nov 12 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
Navigators Pro Formed to Specialize in D&O and Professional Liability
Nov 7 2001 // Navigators Management Company, a subsidiary of The Navigators Group Inc., has formed a new division, Navigators Pro, specializing in D&O and professional liability. The financial insurance products include directors...
D&O Liability Insurance: A Complicated Risk
Nov 5 2001 // Directors and Officers liability, commonly known as D&O, is a complicated type of risk. While it covers corporate activities, a corporation is a legal person, as are the directors and officers...
Chubb’s D&O/Crime Policy for Community Associations Breaks New Ground
Oct 8 2001 // The Chubb Group of Insurance Companies introduces Protection for Community Association Leaders(SM), an insurance policy designed to meet the unique directors and officers (D&O) liability, employment practices...
Nonprofits Especially Need Protection Against D&O Liability Risks
Sep 17 2001 // Although Directors’ and Officers’ liability insurance (D&O) often is associated with large for-profit companies, they are not the only ones that need it. Many people hold the common misperception that...
Conseco Sues Six DO Insurers Over Litigation Coverage
Sep 11 2001 // Conseco Inc. is suing six of its own insurers, claiming they are attempting to dodge legitimate potential claims on directors and officers policies bought by the Indianapolis-based insurer. In its annual 10-Q filing with...
ePolicy Launches Nonprofit D&O Liability Product Via the Internet
Aug 14 2001 // ePolicy.com Insurance Services Inc. announced the launch of its nonprofit directors and officers (D&O) liability product, which the company states is the first in the industry allowing a nonprofit organization to...
Pine Street Expands Its Executive Staff
Dec 8 2000 // Pine Street Management Company, a unit of Swett & Crawford Group Inc., promoted founding underwriter Luis Roman from president to chairman and named insurance industry veteran William Morris as president. Roman, who...
Commentary: The Rainy Season Arrives as D&O Market Begins to Tighten
Oct 30 2000 // Hopefully D&O policyholders have been putting some premium away for a rainy day, because it has started to drizzle and thunderstorms are just around the corner. The end of the soft market is in sight. The last...
Volunteer Workforce, Lifeblood of the Nonprofits, Needs Special Coverages
Jul 24 2000 // Volunteers—without them, most nonprofit organizations would not exist. They are the common soil in which most mainstream nonprofits are planted, providing services in countless different areas. Yet although...
The Hartford, Reliance Sign Definitive Agreement
Jul 7 2000 // The Hartford Financial Services Group and Reliance Group Holdings have signed a definitive agreement to purchase Reliance’s financial products and the majority of its excess and surplus line. The Hartford announced...
Volunteer Workforce,Lifeblood of the Nonprofits, Need Special Coverages
May 29 2000 // Volunteers-without them, most nonprofit organizations would not exist. They are the common soil in which most mainstream nonprofits are planted, providing services in countless different areas. Yet although...
