Willis Warns: Check D&O Policy Coverage Abroad
NU Online News Service, April 5, 3:16 p.m. EST?Insurance broker Willis Group Holdings is warning multinational companies that their directors and officers policies may not provide coverage for unique exposures that management of overseas subsidiaries face.[@@]
The New York-based brokerage firm said that in light of recent developments abroad, such as the demise of Italian dairy-product giant Parmalat, "an important recent lesson learned is that D&O claims are not the exclusive province of the United States."
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