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D&O
ESG and Increased Exposure for Directors and Officers In the fast-evolving landscape of corporate governance and Directors and Officers Liability Environmental, Social and Governance Insurance (D&O) claims have seen a notable surge, with Environmental, Social and Governance (ESG) factors playing a pivotal role. This article discusses what ESG is and how it can increase the...
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  March 30,2023 It has been 15 years since federal regulators have closed a failed bank with assets exceeding $100 billion. The last bank was Washington Mutual, which had $300 billion in assets when it failed in 2008. Silicon Valley Bank (SVB) made history when it closed its doors early one morning in March this...
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Silicon Valley Bank Seized The Potential Fallout from the 2nd-Largest Bank Failure in U.S. History   March 13, 2023 By now you’ve likely heard of the Silicon Valley Bank (SVB) crisis. The bank’s assets were quickly depleted late last week with customers withdrawing over 42 billion US dollars on Thursday. As of late last week,...
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Directors & Officers (D&O) Liability Insurance    What is D&O Insurance? Directors and Officers insurance (D&O Insurance) protects a company against liability while managing their business. The policy will cover defense costs and settlements resulting from claims that allege a breach of fiduciary duty, errors and omissions, and misrepresentations.   Who Needs D&O Insurance? Public,...
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Three of our Newest Insurance Markets for Your Risks   Global Indemnity gbli.com Primary & Excess Rated “A” (Excellent) by AM Best Group     Management Liability /Not-For-Profit PACKAGE PRODUCT (D&O, EPL, Fiduciary, Crime) A modular package policy for Privately Held, For Profit Companies and Non-Profit Organizations. Target small to middle market risks with up...
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Insuring the Directors & Officers (D&O) of a SPAC for their IPO A Special Purpose Acquisition Company or SPAC is an entity that has no operations. It’s a vehicle to raise capital through an IPO, that will eventually be used to acquire an existing private company, and that private company will become a publicly traded...
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Class Action COVID Prior to COVID-19, the D&O insurance market was already undergoing a period of remedial correction in terms of both pricing and carrier appetite, following years of soft market trading conditions and heavy losses. However, the initial impact of the pandemic alongside some of the longer-term effects is already being realized, such as...
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Why are Premiums Going Up? March 2020 A private company, with no claims history and no cannabis or crypto currency exposure, gets their management liability renewal quote and the premium is up 20%.  The CFO says, “Our company is the same as it was a year ago, why did my premium increase?” The current premium...
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