directors and officers liability News

Rising Claims, Feared Covid-19 Surge, Push Firms to Seek D&O Insurance Alternatives

When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.’s board from shareholder lawsuits, it got Skip McBride’s attention. To McBride, who used to manage law firm Bracewell LLP’s malpractice exposure, Musk’s decision to …

Oil & Gas Companies Seek More Insurance for Claims Linked to Bankruptcies

The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew insurance liability coverage for directors and …

IPO-Seeking China Companies Pay More to Avoid Boards Going Naked

Stephen Markscheid holds one of the riskiest jobs in the world—or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed Chinese companies, including Jinko Solar Holding Co. The …