The Continuing Struggle For D&O Coverage

Law360, New York (November 29, 2010, 4:40 PM EST) -- In the current financial turmoil and turbulence, directors and officers must feel as though they have targets on their backs. Whether as the result of a collapsed Ponzi scheme or of a creative creditors' committee, suits against directors and officers abound. When sued, these individuals frequently turn to their directors and officers liability policies for protection. Unfortunately, insurers, in reply, often turn their backs on their insureds.

As a general rule, D&O policies provide much less coverage than policyholders expect. A constant tension exists between the...
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