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Contrary to perception, severity does not appear to be having much of an effect on directors and officers insurance pricing, according to an analysis from insurance broker Aon.

Insurers are strongly objecting to a proposed regulation that would require officials of an insurance company being liquidated by Federal Deposit Insurance Corp. to prove that they were not responsible for the company’s failure and therefore liable for damages.

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequences—including the possible loss of their salaries and other compensation—have sparked the creation a new insurance coverage.

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequencesincluding the possible loss of their salaries and other compensationhave sparked the creation of a new insurance coverage.

With April designated as Community Banking Month, agents and brokers should seize the opportunity to ensure that their community banking customers carry the broad coverage needed to confront today’s emerging liability risks and weather any economic storm.

The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.

The Federal Deposit Insurance Corporation has issued an interim final regulation dealing with the liquidation of a troubled non-bank financial company, including an insurer.

Now more than at any time since the savings and loan crisis in the 1980s, directors and officers of financial institutions must be aware of liability risks related to performance of their duties. The FDIC is on a litigation campaign.