New Reality: Less For More
- Topics:
- Directors and Officers Coverage
- Tags:
- Business Operations,
- Business Structures,
- CFO Publishing Corp.,
- Corporate Insurance,
- Coverage,
- D&O,
- Finance,
- Insurance,
- Insurance Company
- Source:
- CFO Publishing
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Overview: Insurers are introducing new policy language that guts many D&O protections and could cost companies millions. Many insurers are demanding that clients agree to co-insurance, which requires the company to pay a portion (usually 10 to 20 percent) of the entire cost of the claim. Looking at having customers share in the risk as a means of managing premium increases and enhancing partnership when claims occur. Companies can also expect problems getting employment practices liability coverage as well as coverage of punitive and exemplary damage payments in states where such coverage is allowed. The article helps in coping with the bear market in directors and officers liability insurance.
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Format: HTML | Date: Apr 2002 | Pages: 3




