NU Online News Service, April 22, 2:55 p.m. EDT
The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.
Insurance broker Marsh, a subsidiary of Marsh & McLennan Companies, says it has developed an insurance program that will provide additional insurance cover to executives and directors at financial companies. Specifically, the coverage is aimed at company officials whose personal assets "are now at greater risk as a result of expanded Federal Deposit Insurance Corp. authority," says Marsh.
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