History can have an unpleasant way of repeating itself.
If recent activity by federal banking regulators is any indication, many bank executives will face a costly rendezvous with history within the next few years. For those bank officials, ensuring the strength of their directors and officers liability insurance programs now could be critical in protecting their personal wealth later.
Regulators, once again responding to a crisis in the financial institution industry, are beginning to turn to a measure they invoked in the aftermath of the Savings and Loan meltdown a generation ago. During that period, more than 1,000 thrifts failed, at a cost of $124 billion to the federal government, according to the Federal Deposit Insurance Corp.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
