There has been a proliferation of Side-A-only insurance forms tocover directors and officers in recent years, but few know thehistory of the underlying coverage of the full D&O policy–apolicy now more than seven decades old.
The first ever D&O policy came out of Lloyd's of London inthe late 1930s. Even after the depression, the directors andofficers did not see a great need for this insurance and thecoverage did not sell well. Companies were not permitted toindemnify their directors or officers at the time.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
