Some Insurers Gut D&O Insurance in a Core Area
BOSTON, Nov. 30, 2020 /PRNewswire/ -- Directors and Officers: Are You Covered if Sued by Your Investors/Shareholders? (Investors: will your claim be covered?)
With D&O insurance, perhaps the biggest worry of directors and officers is a suit by their investors, who usually are also shareholders. Coverage for this claim is the core value of D&O insurance. Some insurers, though, are trying to get out from covering this through exclusionary language in their policies. (The issue applies to privately-held companies).
CONTACT: Frank Licata, 617-718-5901, [email protected]
SOURCE Licata Risk Advisors
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