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Shareholder plaintiffs bringing derivative actions typically sue the directors and officers “in the name and for the benefit of” the company in which they hold shares, alleging harm done to the company through breaches of various duties.

For directors and officers liability insurers facing a potential influx of claims arising from lawsuits that banking regulators are filing against their insureds, a key question is whether regulatory exclusions in their policies will hold up.

Florida’s Unemployment RateDecember 12.0%November 12.0%Seasonally adjusted. Source: U.S. Dept. of LaborNumber Employed Insurance Carriers and Related…