directors and officers News

Insurers Brace For Coronavirus Hit to ‘Event Driven’ D&O Line

What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There are …

D&O Litigation Trends to Watch in 2017

According to a Fitch Ratings report issued last year, the directors & officers (D&O) market “has great notoriety relative to its size.” Representing a small segment of the property/casualty market, D&O coverage equals about one percent of total industry direct …

Fitch: D&O Liability Insurance Rate Declines, Marks Soft U.S. P/C Market

The insurance market underwriting cycle is turning unfavorable in many U.S. commercial market segments, including directors and officers (D&O) liability insurance, Fitch Ratings says. Premium rates in property lines have been declining for some time in response to a lack …

AIG Expands D&O Side A Capacity to $100 Million

American International Group, Inc. (AIG) today announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance. This new capacity from AIG, combined with the insurer’s financial strength and …

Willis Launches Directors’ All Risks Cover in Asia-Pacific Region

Willis Group Holdings, the global insurance broker, has launched its unique directors’ all risks cover (DARCstar) in Australia, Hong Kong and Singapore. DARCstar policies have already been written for a number of global companies. The policy has been launched in …

Survey Finds More Directors and Officers Inquiring About D&O Insurance Coverage

An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against potential litigation, an indication they are growing concerned over the wide range of exposures confronting them, according …

Survey: Regulatory Investigations Top List of UK Directors’ Concerns

The liability risks facing company directors and officers are intensifying in the wake of the economic crisis, with regulatory investigations and enquiries posing the greatest perceived threat to companies and their directors. This is according to a new report released …

MF Global Collapse Could Become Litigation Nightmare

The millions that Jon Corzine amassed as head of Goldman Sachs have become an alluring target for investors who were crushed by the collapse of MF Global, the brokerage firm he led until earlier this month. And Corzine isn’t the …

FDIC Sues 17 Ex-Directors of Failed Atlanta Bank

Federal bank regulators have sued 17 former directors and officers of Silverton Bank, accusing them of gross negligence and corporate waste. The Federal Deposit Insurance Corp. accuses the Atlanta bank in the lawsuit filed Monday of slipshod lending practices and …