The D&O claims environment is now in an unusually uncertain state. Record high inflation, interest rate increases, supply chain disruptions, tight labor market, the collapse of several large crypto firms and higher fuel costs, as well as the prospects of a recession, will likely create a material increase in D&O claims activity in a wide variety of industries. Added to this uncertainty is the Biden administration, which is proposing and implementing an increasing number of important regulations, more aggressively pursuing regulatory enforcement proceedings and supporting wide-ranging social reforms. Those initiatives seem likely to directly or indirectly impact, at least to some extent, the nature, frequency and severity of D&O claims in various contexts. The above slideshow summarizes many of the more important recent legal developments involving D&O claims. During these uncertain times, it is especially important for those who advise and insure directors and officers to carefully monitor and react to these and other developments. Attorney Dan A. Bailey ([email protected]) chairs the Directors & Officers Liability Practice Group at Bailey/Cavalieri in Columbus, Ohio. Bailey is a nationally recognized expert regarding directors' and officers' responsibilities, liabilities, indemnification, insurance and loss prevention. A longer version of this article, with more case-specific details, is available on PropertyCasualty360.com sister site FC&S Expert Coverage Interpretation. Opinions expressed here are the author's own. Related: |

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