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"Each D&O policy is different. There's overlap, but every single insurance company has its own form."
"Your organization can be sued for a wrongful act by anyone with any interest in the chapter's activities. Without nonprofit D&O coverage, you must pay for your own defense, even if you are proven blameless."
Rates are increasing—but so are government actions, defense costs and diversity of claims. Some express concern about the market being "significantly under-reserved."
The insurance market is at a "tipping point," making it more unusual than 37-year insurance veteran Christopher J. Cavallaro has ever seen it. Looking specifically at the D&) market, Cavallaro says rates are dropping while cases become more expensive and complicated.
State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.