Lexicon-laden insurance professionals rejoice: Insurance broker Willis North America has updated its comprehensive dictionary of terms related to D&O Liability.
The free, downloadable glossary now defines more than 100 D&O-specific terms and the context in which they are used, as well as details that will be useful to risk professionals prior to attending meetings, making presentations or undertaking key policy decisions.
The updates were a response to recent changes in the D&O insurance-litigation environment and developments in coverage for executives and their firms, says Willis. For example, taken into account are modifications to the sections of the SEC's 1934 Securities Exchange Act that address trading, registration requirements, and regulation of brokers and dealers making public offerings.
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