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 …
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 …
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 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 …
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 …
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 …
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 …
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 …