Mutual Fund D&O Policy Launched
NU Online News Service, March 24, 11:00 a.m. EST--National Union Fire Insurance Company, a member company of American International Group, today introduced a new coverage designed to meet the emerging liability exposures faced by independent board members of mutual funds. [@@]
"With mutual funds the focus of unprecedented public and regulatory scrutiny, new rules and pending legislation are expected to increase both the responsibilities and potential liabilities of independent board members," said John Keogh, president and chief executive officer of National Union, based in Pittsburgh.
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