Articles by John C. Tanner

More Teeth for the D&O Fraud Exclusion

Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a public company. Outside auditors uncovered …

More Teeth for the D&O Fraud Exclusion

Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a public company. Outside auditors uncovered …

Should the D&O Fraud Exclusion Have More Teeth?

The company’s stock price dropped substantially and shareholder plaintiffs have asserted numerous lawsuits against your company, the former CEO and CFO, and all independent directors–including you. Alleged damages far exceed D&O insurance limits, which have already been substantially reduced by …

Should the D&O Fraud Exclusion Have More Teeth?

Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a restatement of financials, as well as to the firing …

Should the Directors and Officers Fraud Exclusion Have More Teeth?

Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a public company. Outside auditors uncovered …