Will a directors and officers liability program written by a U.S. carrier respond equally well to a claim arising from violations of laws and regulations in the United States, China, Brazil, Canada or Australia?
Even if the policy is written by a carrier with global operations, the answer isn't always clear.
In fact, with corporate indemnification of directors and officers strictly prohibited in some countries, and others barring a foreign insurance policy from paying local claims, corporate risk managers can't assume their U.S. D&O programs are up to the task of responding to the unique exposures they face doing business in the global economy.
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