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

FREE Registration is required

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.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Apr 2002 | Pages: 3


advertisement
  • Click Here
  • Click Here
  • Click Here

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).