Tag Archives: insured v. insured

The Shortcomings of D&O Insurance

Here’s how a major insurance company (Travelers) describes D&O insurance: “Directors & Officers (D&O) Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. These types of claims have become increasingly common and directors and officers themselves … Continue Reading

Directors & Officers Insurance, the FDIC, and the “Insured v. Insured” exclusion

I heard free-market economist Lawrence Reed speak today at a Foundation for Free Enterprise luncheon.  Mr. Reed made the point that for free markets to function properly, citizens must assign top priority to raising the caliber of their character, and learning from those who display the highest ethics. His point was that society descends into … Continue Reading