Keyword
D&O
New RSA D&O coverage includes multiple reinstatements, pollution clean-up
September 12, 2016 Greg Meckbach, Associate EditorRSA Canada announced Monday a new directors’ and officers’ liability insurance product that sits on top of a D&O tower, is intended for the use of the individual directors and officers only and covers the cost of pollution clean-up orders.…
Pen Underwriting Canada’s e-traded D&O solution offers brokers fast quote-to-cover capability
July 22, 2016 by Canadian UnderwriterPen Underwriting Canada’s newly launched e-trading platform allows brokers to quote and issue a policy within five minutes that provides directors and officers a broad range of D&O coverage to suit the fast-evolving risks and liabilities they face. Calling the…
Corporate investigations on the rise, study suggests
May 24, 2016 by Canadian UnderwriterCorporate investigations are on the rise, with over a quarter (27%) of businesses saying they have experienced a claim or investigation involving a director of their company in the past year, up from one in five in 2014. That was…
Supreme Court of Canada will not hear appeal of disputed $15-million D&O liability claim from Onex
April 18, 2016 by Canadian UnderwriterFor the second time in 18 months, the Supreme Court of Canada has declined to hear an appeal of a verdict of an Ontario lawsuit arising from a disputed US$15-million directors’ and officers’ liability claim arising from an unjust enrichment…
U.S. D&O insurance pricing pressure to dampen performance: Fitch
April 13, 2016 by Canadian UnderwriterMarket conditions are evolving in the directors’ and officers’ (D&O) liability insurance market in the United States, with merger and acquisition activity in 2015 facilitating greater market concentration, according to a new report from Fitch Ratings. The report, titled U.S.…
Oppression remedy lawsuit against corporate directors reaches Supreme Court of Canada
April 10, 2016 by Canadian UnderwriterThe Supreme Court of Canada announced Thursday it will hear an appeal of a lawsuit in which two corporate directors were ordered to pay more than $600,000 to a former chief executive officer who brought an oppression remedy action under…