American International Group Inc. said Thursday the ex-chairman of Granite Broadcasting Corp. and the chairman of Oak Street Management Co. LLC will stand for election to the company's board of directors.
The combination of corporate bankruptcies, high-dollar shareholder derivative lawsuit settlements and declines in Side-A pricing may soon turn a profitable niche of the directors and officers liability insurance market into a money loser, carrier executives say.
Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis, but directors and officers liability insurers should brace for more such cases in 2011, a plaintiffs’ attorney warned late last month.
Abraham is assistant vice president of human resources at The Hanover Insurance Group, and brings a critical skill set and experience to the InVEST board.
When our claimant or insured replies to a coverage decision with a "yeah, but...," unlike that other Grand Inquisitor, my mother, we must listen to the explanations and excuses and consider the pros and cons.
Carriers and brokers selling Side-A D&O liability insurance coverage by delivering warnings about the increasing severity of shareholder derivative lawsuits may be overstating the trend, according to one attorney involved in a major case.
Carriers and brokers selling Side-A directors and officers liability insurance coverage by delivering warnings about the increasing severity of shareholder derivative lawsuits may be overstating the trend.
She saw opportunity where no one else did. Bedford-Stuyvesant was full of beautiful owner-occupied brownstones, but hardly anyone wanted insure them. Her firm would fill ...