With directors and officers liability claims rising high into layered towers of insurance coverage, and excess insurers increasingly finding their interests at odds with primary carriers, is quota-share D&O insurance an idea whose time has come?
Joseph Monteleone, a partner with Tressler, Soderstrom, Maloney & Priess in New York, asked the question in a commentary for his firm's April newsletter, Specialty Lines Advisory.
"Maybe if you had true quota-share arrangements, with a lead insurer representing everybody and having claims control, you wouldn't have these situations," he told NU, referring to situations at the center of three recent court cases.
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