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Buyers Wary Of D&O Policy Restrictions

Buyers Wary Of D&O Policy RestrictionsThere are several policy restrictions creeping into the directors and officers insurance marketplace for buyers of insurance to be aware ...

By Susanne Sclafane | Updated on April 22, 2002

Buyers Wary Of D&O Policy RestrictionsThere are several policy restrictions creeping into the directors and officers insurance marketplace for buyers of insurance to be aware of–but the most widespread changes are also the least worrisome, policy experts say.

The most common change is the elimination of the waiver of retention, they say. The waiver, introduced in the soft market, essentially reimbursed an insured’s deductible when the insured successfully spent money to defend a case, or the case was ultimately dismissed.

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