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D&O Insurance, An Overview: Part 2

Law360 (January 19, 2011, 3:19 PM EST) -- Thirty years ago, underwriters offered directors and officers policies based on two basic forms, and courts had seen very few cases in which they were asked to interpret those policies. Today, the number of D&O policy forms and cases interpreting them has multiplied.

Although there are trends and standards within the industry, the specific language found in these policies differs from insurer to insurer and from policy to policy. Any coverage analysis must take into account the specific language found in the policy at issue. As...
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