NU Online News Service, Oct. 13, 3:40 p.m. EDT
Passage of the Dodd-Frank Act will mean a lot of changes in the world of finance, but having a current professional liability policy should grant executives some security in the case of litigation, said one insurance expert.
During a webinar sponsored by the Professional Liability Underwriting Society, titled The Dodd-Frank Act: Underwriting, Claims and Risk Management Implications, Carol A.N. Zacharias, senior vice president, deputy general counsel, North America for ACE Group, said despite all the uncertainties surrounding implementation of the Dodd-Frank Act, a current professional liability policy should provide adequate coverage.
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