D&O News

Federal Agency Vows Pursuit of Individual Execs in Probes

The U.S. Justice Department will make executive accountability a part of every investigation of corporate wrongdoing, Deputy Attorney General Rod Rosenstein said. “Under our revised policy, pursuing individuals responsible for wrongdoing will be a top priority in every corporate investigation,” …

Latest Trends in Professional Liability Claims

Professional liability claims and coverage is evolving, according to Steve Whelan, director of management/professional liability product development for ISO. With increasing cyberattacks, comes coverage for ransomware and even blended coverage with other lines. Among other trends, healthcare claims are expected …

Ex-CFO of Bankrupt Enron Offers D&O Lessons From Accounting’s ‘Gray’ Areas

Andrew Fastow, former chief financial officer (CFO) of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers (D&O) underwriters that some companies today …

More Corporate Board Candidates Decline Job Due to Risks

A spot on a corporate board can be a plum post. It means compensation, usually stock, and often cash. Other perks include invaluable connections to fellow board members and executives, along with a profile boost in one’s given industry. But …

Cyber Coverage Experiences Growing Pains

In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk insurance at Aon Risk Solutions. “A big misconception is that these …

U.S. Risk Pros and Western World Introduce a New and Improved Private and Non-Profit Organization Directors and Officers Liability Form

Dallas, TX, October 3, 2014– Effective October 1, 2014, this new form reflects the growing needs of organizations to address the issues confronting them in the 21st century. Coverage consists of Directors, Officers and Insured Entity Insurance, Employment Practices Liability …

Lessons for Employers and Insurers in the Wake of the Sandusky/Penn State Scandal

The Jerry Sandusky scandal at Penn State University leaves in its wake an avalanche of repercussions specific to the area of employer and insurance liability. According to national news reports, Penn State recently settled with 26 men who alleged that …