The Navigators Group, Inc.’s Navigators Pro division has introduced Side A Global InNAVation, a directors and officers (D&O) liability policy to address emerging global risks. This new policy offers dedicated excess coverage for individual directors and officers for specific non-indemnifiable …
Public company executives may be in for a surprise lawsuit. Despite the odds that they and their directors will be sued in the next 12 months, a new Chubb Public Company Risk Survey has found that more than 80 percent …
Willis North America, a unit of Willis Group Holdings, has published its Directors and Officers Liability (D&O) Insurance Dictionary, offering firms an overview of terms that are likely to be used in describing their D&O insurance and liability exposures. This …
Houston-based Francesca’s Holdings Corp. reported it has fired its chief financial officer, saying that he improperly communicated company information through social media. But the women’s clothing retailer also raised its fiscal first-quarter earnings estimate, citing better than expected sales. Its …
ACE USA, the U.S.-based retail operating division of the ACE Group, has enhanced its directors & officers liability policy with a non-mandatory panel counsel option. The ACE Preferred Securities Panel consists of law firms with experience and expertise in handling …
Professional Program Insurance Brokerage (PPIB) has launched a new medical directors program that offers stand alone coverage for all types of medical directors and is available in all states. Coverage is available for direct, in-direct and no patient care. Retroactive …
XL Insurance has enhanced its broad form “Side A” D&O Coverage on an excess difference in conditions basis. It provides an additional limit of liability for independent directors, defense costs coverage for Sarbanes-Oxley (“SOX”) Section 304 and Dodd-Frank Section 954, …
Rock Hill, N.Y.-based Irwin Siegel Agency Inc. has opened an office located in Boise, Idaho. ISA, a national insurance and risk management provider, also named Chad Williams as a business development director. ISA offers tailored insurance products to developmental disability, …
With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve better …
A landmark $25 billion settlement over foreclosure abuses will allow large banks to resolve one piece of their mortgage-related problems. But it still leaves them exposed to a wide range of lawsuits and other claims related to the housing crisis. …
