Federal Insurance Co. must pay the $10 million policy limit in a directors and officers policy issued to Astellas Pharma, despite the carrier’s assertion that Illinois public policy forbids it from reimbursing the drugmaker for the cost of settling allegations …
Public companies face a critical business decision in determining how much Directors & Officers (D&O) liability coverage to purchase. In order to attract and maintain strong independent board members, companies need to secure adequate D&O coverage while keeping down costs. …
Penn State’s president says the university is “adequately covered” to handle lawsuits stemming from the child sex abuse scandal but hopes to settle many of them “as quickly as possible.” Rodney Erickson told CBS’s “Face the Nation” program in an …