directors and officers claims News

How Coronavirus Could Add Additional Stress to D&O Insurance Market

Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to an A.M. Best report. A.M. Best expects that the efforts to address …

How Difficulties May Follow After a D&O Claim Is Denied

When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by …

Canada’s Anti-Spam Legislation Working

Eric Dolden, founding partner with the Canadian law firm of Dolden Wallace Folick, provided details of Canada’s anti-spam legislation (CASL) that went into effect last year, during an interview with Claims Journal. One CASL exposure includes mass distribution of electronic …

Bankers Escape Big Penalties in FDIC Failed Bank Cases

Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn’t require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight …