NU Online News Service, June 9, 11:37 a.m. EDT
Executives caught up in a regulatory maelstrom could get some peace of mind over who will pay their legal bills thanks to a new insurance product aimed at streamlining the directors and officers liability claims process, says Willis Group.
Out of its London office, Willis' Financial and Executive Risk division (FINEX Global) says it developed a new directors and officers insurance product to deal with the "increasingly challenging" U.K. regulatory environment. Willis says that new regulations can leave directors and officers "to pay expensive legal bills from a raft of official investigations and enquiries while their companies and insurers dispute whose responsibility it is to indemnify them."
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