Tesla opted against renewing its D&O policy for the 2019-2020 year 'due to disproportionately high premiums.' (Photo: Andrew Harrer/Bloomberg) Tesla opted against renewing its D&O policy for the 2019-2020 year 'due to disproportionately high premiums.' (Photo: Andrew Harrer/Bloomberg)

(Bloomberg) — When Elon Musk said in April he was dropping the insurance policy that protects Tesla Inc.'s board from shareholder lawsuits, it got Skip McBride's attention.

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