NU Online News Service, Oct. 13, 2:34 p.m. EDT
Reports that the Federal Deposit Insurance Corp. (FDIC) has given the green light to sue more than 50 directors and officers of failed banks has one broker asking if the agency did its due diligence before deciding to sue.
"With a lot of these [D&O] policies, limits have been depleted - terms have been carved back," said Michael White, senior vice president of Willis' Executive Risks Practice. "They are barebones policies."
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
NOT FOR REPRINT
© 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.
