Banks In Trouble Find It Hard to Get Sound Insurance

A bank client shared some info that the FDIC is looking to warn banks that there are exclusions in some bank directors' and officers' insurance for regulatory issues. My experience is that these exclusions are almost always only on banks with regulatory issues. In general, insurers are not looking to sell insurance when the chances of a claim are … [Read more...]

The Difference Between Directors and Officers and Professional Liability

I was asked recently the difference between Directors' and Officers' Insurance (D&O) and Professional Liability Insurance (malpractice, errors and omissions). D&O covers management decisions. Professional liability covers malpractice in the business you are in. A doctor cutting out the wrong kidney is professional liability. The … [Read more...]