Directors Officers News
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Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case
Aug 30 2023 // A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost obligations in opioid-related litigation by enforcing two policy exclusions. According to court documents...
Aon: Public D&O Pricing Drops for Fifth Straight Quarter; 96% Retain Carriers
Aug 2 2023 // Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive quarter. The pricing index from Aon Commercial Risk Solutions’ Financial...
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuits
Jun 7 2023 // A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger...
Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance
May 25 2023 // A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers liability policies to...
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO
May 22 2023 // John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on...
D&O Prices Plummeting: Record-Level Q1 Drop for Decade
May 22 2023 // The year-over-year decline in directors and officers (D&O) insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented...
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