Directors and Officers Insurance Coverage After Dodd-Frank
Author: Frederic J. Giordano.; Ashley L. Turner.
Source: Volume 25, Number 02, November/December 2011 , pp.53-60(8)
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Abstract:
In the wake of recent economic problems, and in light of the enhanced post-Dodd-Frank Act regulatory climate, a review of D&O coverage is a good idea. Banks and financial institutions are not the only companies under the magnifying glass, but they currently face intense scrutiny. The authors recommend that every company assess whether its D&O insurance program will cover the risks that it, and its individual insureds, expect the policy to cover; they identify specific issues to consider when evaluating D&O coverage or defending D&O claims.Keywords: D&O; insurance; Dodd-Frank Act; SEC; exclusion; exclusionary clauses; Dedicated Side A Only; assessing D&O coverage; bankruptcy; “in fact” standard; “final adjudication” standard; insured vs. insured clause; severability clause;
Affiliations:
1: K&L Gates LLP; 2: K&L Gates LLP.