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Carriers Respond To Directors, Officers Seeking More Clarity, Individual Limits

A competitive insurance market is not the only force fueling the design of new directors and officers liability products, according to experts, who say consumer demand is also creating a market for

By Phil Gusman | Updated on March 16, 2008

A competitive insurance market is not the only force fueling the design of new directors and officers liability products, according to experts, who say consumer demand is also creating a market for policies that offer clearer terms.

Large-scale corporate meltdowns in the early 2000s demonstrated how the limits of D&O policies can be exceeded defending the entity, leaving the individual directors, and in some cases the officers, to fend for themselves and settle litigation out of their own pockets.

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