Before introducing a panel at the recent PLUS D&O Symposium poised to discuss the ramifications of political changes on securities litigation, David Bell, chief operating officer of Allied World Assurance Company, delivered some introductory remarks with the fervor of a politician stumping on the campaign trail.
Defending the much-maligned insurance industry in the wake of a worldwide financial crisis, Mr. Bell delivered the following remarks:
"Confidence, or the lack of it, is at levels not seen since the Great Depression, and yet our industry–the D&O insurance industry–is here to stabilize and restore confidence when we must otherwise question the promises of large institutions.
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