Author Archives: michael

Seven Questions Directors Should Ask About D&O Coverage

Corporate Board Member by Charles Keenan Joining a board of directors isn’t without risk. Christine Weirsky, public relations director, Marketing and Communications, North America, XL Group Insurance, says directors should never shy away from asking about what coverage is available … Continue reading

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Nonprofit Good Deeds Can Put You in Danger

BOSTON (MainStreet) — No good deed goes unpunished. That old cliche reflects a danger faced by those who volunteer their time and expertise to nonprofit boards. Whether it is a charity, civic organization, church or library, serving on a nonprofit … Continue reading

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Recent Scandals, Bad Economy Spur Companies to Up D&O Limits

By Meg Green A.M. Best Company, Inc. The economic downturn and the resulting legal issues plaguing some company leaders, have many companies upping their directors and officers insurance limits. Tony Galban, senior vice president and product manager for Chubb Group … Continue reading

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Increased regulation expands directors and officers exposures: Panel

NEW YORK—Stricter reporting and disclosure requirements, expanded enforcement efforts and greater public visibility of wrongful acts during the past several years have increased the likelihood of derivative civil litigation for some companies after a government investigation, according to a panel … Continue reading

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

NEW YORK, Mar 07, 2012 (BUSINESS WIRE) — 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 … Continue reading

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BOARDROOM: D&O, getting it right, keeping it right

You need a better guide than somebody’s brother-in-law By Harold P. Reichwald, co-chair of the Financial Services and Banking practice group at law firm Manatt, Phelps & Phillips, LLP Consider the following hypothetical: The Chair calls the bank board meeting … Continue reading

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Vicarious Liability Ruling May Impact Education Insureds in California

By Don Jergler | March 14, 2012 The California Supreme Court ruled that a public school district may be vicariously liable for the negligent hiring, retention and supervision of a guidance counselor who allegedly sexually abused a student. And that … Continue reading

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Carrier Competition Benefits Large Employers EPLI Coverage

By Mark E. Ruquet, PropertyCasualty360.com March 7, 2012 • Reprints Larger companies benefited from carrier competition on their employment practices liability risk receiving more rate decreases than small and midsize businesses, according to a report from insurance broker Marsh. In … Continue reading

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ACE Survey: Wealthy Americans Fearful of Costly Liability Lawsuits in Uncertain Economy

America’s wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a study by ACE Private Risk Services, the … Continue reading

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$168 million sexual harassment award – does that get your attention?

Duane Morris LLP Kevin E. Vance USA March 5 2012 These days, I see an increasing amount of non-employment attorneys practicing in the area of labor and employment law. It may be because employers believe that the risk of monetary … Continue reading

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