D&O liability insurance News

Former Finance Manager of WV Disaster Assistance Sentenced to 3 Years for Theft

CHARLESTON, W.Va. (AP) — A former finance manager of a nonprofit organization that assists West Virginia disaster victims was sentenced Thursday to more than three years in prison for the theft of $871,000 from the group. Benjamin Cisco, 31, of …

Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch

After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium growth and less favorable claims trends in a …

Executives Examine D&O Claim Trends, Cyber Exposure

A number of industry executives spoke with Insurance Journal recently to share their observations on the current directors and officers liability insurance claim trends. Executives also spoke about a new potential D&O exposure that’s been getting a lot of attention …