Protecting D&O Insurance In Tough Economic Times

Law360, New York (January 5, 2010, 12:44 PM EST) -- This year’s economic turmoil and corporate dislocation underscore the need for directors and officers to obtain effective directors and officers liability insurance.

In the wake of the collapse of the U.S. credit market, directors and officers are likely to face an increase in bankruptcy litigation, shareholder claims, securities class actions, regulatory investigations and suits, and even criminal investigations and prosecutions. Thus, an increase in covered D&O claims is likely.

Complicating matters further, the current economic climate has resulted in a “soft” D&O market characterized by lower...
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