The fall of insurance industry giants in 2008 and the unraveling of the banking and credit markets provide our industry with an opportunity to learn some valuable lessons, according to executives of specialty lines insurance firms.
The good news for insurance brokers who place directors and officers liability insurance is that most insureds and carriers believe producers are positive and relevant factors in the resolution of D&O claims.
While plaintiffs' lawyers may be eyeing the prospect of convincing federal lawmakers to lower restrictions on securities class actions, they're likelier to get a clear shot at credit rating agencies than corporate directors and officers.
In spite of the impact of an economic recession and the unraveling of one major competitor, the property-casualty insurance business--and the specialty insurance market, in particular--remain strong, according a specialty carrier executive.
Taxpayer money used to bail out failing banks may mean lower dollars paid out on settlements for the latest crop of securities class actions against financial institutions, an academic predicted
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
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
In a recent analysis, reinsurance broker Aon Benfield put a best estimate of direct insurance losses from the alleged Ponzi scheme orchestrated by Bernard Madoff at $1.8 billion, citing a range of
With the prospect of nearly $2 billion in professional liability claim payments looming from the litigation fallout of a Ponzi scheme orchestrated by Bernard Madoff, directors and officers insurers