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Worries About The Other Guy's Greed Spur Questions About D&O Coverage

This fall, the pop culture poster child for greed, Gordon Gekko, returns in a sequel to the movie "Wall Street," called "Money Never Sleeps."

By Rob Yellen | Updated on August 01, 2010

This fall, the pop culture poster child for greed, Gordon Gekko, returns in a sequel to the movie “Wall Street,” called “Money Never Sleeps.” While Gordon Gekko may be fictional, in reality executives may find themselves sharing their directors and officers liability insurance coverage with someone who, like Gekko, believes that “greed is good.”

Recent economic crises and the surfacing of massive frauds and Ponzi schemes have forced directors and officers to watch out for themselves to a degree that they never have before. Concern over the other guy’s greed is increasingly justified, as it poses a real threat.

Protecting innocent executives from the behavior of others has become imperative for risk managers, their brokers and insurance carriers.

In the context of public company D&O insurance, beyond traditional concerns like capacity and the breadth of coverage, insured directors and officers are asking about how innocent insureds can protect their coverage from the behavior of others.

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