Unlike last year’s flood of “pre-claim inquiry” offerings that focused on coverage for the investigation-response costs of individual executives and directors, Chartis’ new “Investigation Edge” offering, a standalone policy introduced in March, addresses corporate costs, including the massive expenses associated with producing documents required by the Securities & Exchange Commission.
With new coverages evolving and the SEC setting its sights on increased enforcement activities, specialty insurance coverage for regulatory investigations is a hot topic among buyers and sellers of management liability insurance. Brokers assess the options and price trends.
The details of the fine print of a merger agreement—or a D&O liability insurance policy—can be daunting. But when Southwest Airlines closed its $1 billion-plus deal to buy AirTran two weeks ago, it did so knowing that language of a tail-coverage endorsement it bought for AirTran’s directors and officers would...
Using his firm’s scoring method to gauge insurers’ financial strength, ALIRT Principal David Paul notes that specialty-insurer composite scores are less volatile than composites for the entire commercial-insurance industry over the long term.
The recent earthquake and tsunami in Japan are spurring interest in the earthquake Difference In Conditions (DIC) product at V3 Insurance Partner, according to President and CEO Susan Rivera.
During a week that had an abundance of news stories directly impacting property and casualty insurers, NU’s editors had a choice to make regarding what to feature on the cover of this edition.
In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.
It may have seemed like horrible timing when Susan Rivera was starting up a program business-focused MGA in late 2009, but there were several advantages to launching in the wake of a global financial crisis and about six years into a soft property and casualty insurance market, she says.
Jeremy Hitzig, CEO of Distinguished Programs and 2011 president of the Target Market Program Administrators Association, describes his firm’s strategies for achieving growth and efficiency, as well as ongoing initiatives at TMPAA.
