Zurich Corporate Directors & Officers Liability Insurance: Zurich D&O Select. Raising the bar

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Zurich Corporate Directors & Officers Liability Insurance: Zurich D&O Select. Raising the bar"

Transcription

1 Zurich Corporate Directors & Officers Liability Insurance: Zurich D&O Select Raising the bar

2 Zurich s Corporate Directors & Officers Liability insurance Zurich D&O Select is here to help.

3 A changing national and global regulatory and legal landscape, as well as the impact of heightened scrutiny by the public and the media, has created unprecedented exposures for corporate directors and officers. Regardless of industry or type of business, the threat of litigation is real, its potential sources are many, and the consequences can be enormous. We re raising the bar on Corporate Directors & Officers protection. Our new Corporate D&O coverage Zurich D&O Select offers market leading innovations along with more than 75 policy enhancements, all backed by the financial stability of Zurich. Market leading innovations Zurich s new Corporate D&O coverage takes the lead, offering new levels of protection that respond to today s risk environment. Retired Independent Directors Side A protection provides an additional level of protection for retired independent directors with personal Side A coverage after all other insurance protection is exhausted. Environmental Mismanagement claims extension, including coverage for climate change and global warming disclosure claims, restricts the pollution exclusion so that it does not apply to traditional management liability exposures such as securities claims, retaliation claims against insured persons and all Side A coverage claims of any nature. Enhanced definition of claim provides, in addition to the expanded coverage for Securities Claims, insurance for shareholder derivative demands, investigations (sublimited) and coverage for Wells notices and Target Letters as Claims. Enhanced Side A Coverage, in addition to the special provisions for Retired Independent Directors and Environmental Mismanagement Claims, special Side A coverages include full non-rescindability and defense costs for certain pre-claim deposition costs of any Insured Person (such as a grand jury). Extended Reporting Period (ERP) allows any individual Insured Persons to elect this option at customized rates, if the policyholder declines to purchase the ERP. 1

4 A broader, enhanced policy that stands apart in the marketplace In addition to our innovative features, Zurich has worked closely with brokers and customers to enhance our policy and include the critical definitions and coverages they requested. The result: a policy that reflects today s needs and responds to the current landscape of risk. Here are just a few highlights of the enhancements we ve included in our new policy: Expanded definitions Definition of claim includes: Request or warrant for extradition Arbitration or mediation proceeding Any request or demand to interview or depose an insured person (IC A and D only) Definition of insured persons includes: In-house general counsel, risk manager, directors of investor relations and human resources and their functional equivalents Managers of limited liability companies, joint ventures and partnerships Employees with respect to any Securities Claim Employees with respect to any Claim other than a Securities Claim if the claim is also made and maintained against a director or officer Definition of loss includes Most favorable venue language for determining insurability of punitive, exemplary and multiplied damages FCPA penalties and election law penalties 11 and 12 settlements and judgments covered against insured persons unless final adjudication triggers conduct exclusion Pre- and post-judgment interest on covered portion of judgment Definition of securities claim includes any statutory or common law related to securities Definition of subsidiary includes Limited liability companies, partnerships, joint ventures, foundations and political action committees sponsored by the policyholder 90-day automatic coverage for entities exceeding 20 percent asset threshold (if additional premium ultimately paid, if any) A portfolio of management solutions Employment Practices Liability insurance (EPLI) is an essential component of a wellconstructed insurance portfolio as the impact of employee litigation grows. Zurich offers custom solutions for employment practices liability exposures, complemented by risk management tools to help customers better manage their exposures. Fiduciary Liability insurance helps protect those with fiduciary responsibilities when the poor performance of a plan or a downturn in the stock market becomes the foundation of litigation by employees and retirees. Crime insurance helps protect an organization from a wide range of threats from employees or non-employees, including forgery or alteration, employee dishonesty/theft, robbery and safe burglary, among many others. 2

5 Exclusions Insured v. Insured exclusion Carveback for bankruptcy, including creditors committees, whistleblower claims, claims by directors and officers who have not served for three years and employment-related claims Bodily injury/property damage exclusion for wording Carveback for emotional distress in employment-related claims Carveback for securities claims General conditions Bankruptcy Bankruptcy does not relieve insurer of its obligations Waiver of bankruptcy stay to allow for advancement of expenses Representations and severability Insuring clause A non-rescindable Subrogation: insurer cannot subrogate against insured persons unless conduct exclusions triggered Outside position coverage: includes blanket not-for-profit coverage and for profit coverage for private companies in which the Policyholder owns an equity interest. Superior service and commitment Claims Every member of our dedicated D&O claims team is an attorney, with broad knowledge and experience in the complexities of this protection and today s legal and regulatory environment. To assure a complete understanding of each customer s particular circumstances, every Corporate D&O customer is assigned a single point of contact for claims, to help assure that we recognize and respond to our customer s unique needs. Underwriting Dedicated D&O underwriting professionals possess the industry experience and understanding to provide secure and resourceful solutions to meet customers needs in the U.S. and globally. Risk management and risk insight Our risk management solutions are designed to combine extensive insurance experience with the consulting capabilities needed to help customers better manage their specific cost of risk by identifying potential risks early and building solutions to help manage them effectively. Coming soon! Security & Privacy coverage A broader offering for more classes of business. 3

6 A few of these tools include: Zurich Multinational Insurance Proposition (MIP): As the promise and challenges of globalization have dramatically altered the way multinational corporations must think about risk and regulation. Zurich MIP aims to help resolve the uncertainty around the application of licensing laws and premium tax requirements applicable in more than 170 countries where cross-border risk is written. This is critically important to provide protection for any multinational company that has directors and officers in multiple jurisdictions. ZRisk This fast and powerful benchmarking tool offers publicly traded customers deeper insight into their litigation risk, drawing on the knowledge and technology of Zurich s proprietary D&O risk selection model. Customers with active Bloomberg terminals are eligible to access data and run reports as they choose, with selections that offer: Stock price volatility measures Financial distress indicators Probability of an SEC class action lawsuit Risk cost ZRisk enables customers to compare themselves to peers by industry, by market cap and other measures, and to track the condition of their peer companies as well as their own. Risk selection and insight Zurich utilizes sophisticated modeling technology to evaluate the likelihood and severity of a potential claim for each account. The development of our risk selection tool brings a higher level of transparency to the pricing process, offering our customers greater insight into their risk and its cost. This insight can be transformed into the foundation of a meaningful risk management program that leads to a long term alliance. Commitment We are recognized not only as highly skilled specialists in the Corporate D&O arena, but are known for the insightful tools and superior service we provide. In fact, it is this level of commitment to our customers that brings us a 90 percent renewal rate. Look to Zurich s new Corporate Directors & Officers coverage for market-leading benefits, meaningful risk insights and protection that works in today s volatile environment. 4

7 The stability to be there today and in the future Zurich has stood the test of time. Founded more than 135 years ago, the member companies of Zurich Financial Services Group have served customers with consistency and reliability across dramatically changing market conditions. We have weathered good times and bad, building a global presence that now delivers one of the industry s broadest portfolios of products and services. Our dedication to customer security is embodied in our commitment to the maintenance of a strong balance sheet no matter what the economic conditions of the moment may be. We have been in business since Currently, we are the third largest property/ casualty insurer in the world, doing business in more than 170 countries. We write property/casualty business for 70 percent of the Global Fortune 100 companies. We had a Group business operating profit of USD 5.2 billion in 2008* with 24 consecutive quarters of Group profitability at that point.* Zurich s disciplined approach creates value for our customers. Insurance is our business, and managing risk is what we do best. We underwrite carefully and manage our operations efficiently. We follow a conservative investment philosophy that has served us well in the past and which is serving us well in today s turbulent financial environment. We take a long view, valuing our stability, solvency and the assurance that we will be here for our customers tomorrow and for many years to come. Our exposure to U.S. sub-prime is very small. Exited the credit default swaps market in We were one of only a handful of global insurance carriers to generate a return on our investment portfolio in Our financial ratings remain strong* Zurich looks to the future. We believe that maintaining customer relevance means delivering risk insights and innovative products and services that anticipate and answer changing needs. We are totally committed to delivering what matters today and tomorrow. We continue to transform our organization to become easier to do business with and to define the Zurich customer experience. We have the strength and confidence to look ahead to new growth opportunities, tempered by the understanding that we earn market leadership one customer at a time. Our strong capital base positions us well for new growth opportunities. We ve put our employees closer to the customer by increasing the number of customer-facing employees in our North American organization. * Please visit for updated information. To learn more, speak to your regional contact or call us directly at

8 A A (04/09) Zurich One Liberty Plaza, New York, New York This is intended as a general description of certain types of insurance and services available to qualified customers through the companies of Zurich in North America. Your policy is the contract that specifically and fully describes your coverage. The description of the policy provisions gives a broad overview of coverages and does not revise or amend the policy. Insurance coverages underwritten by member companies of Zurich in North America, including Zurich American Insurance Company. Certain coverages not available in all states. Some coverages may be written on a nonadmitted basis through surplus lines brokers Zurich American Insurance Company

Zurich Employment Practices Liability Insurance. Responding to the issues employers face today

Zurich Employment Practices Liability Insurance. Responding to the issues employers face today Zurich Employment Practices Liability Insurance Responding to the issues employers face today No matter how well prepared an organization may believe itself to be, in today s environment the potential

More information

Directors & Officers dedicated worldwide protection. A guide to Zurich s Side A policy

Directors & Officers dedicated worldwide protection. A guide to Zurich s Side A policy Directors & Officers dedicated worldwide protection A guide to Zurich s Side A policy Global insurance protection for your corporate leaders Corporate leaders have increasingly become targets of regulatory

More information

MANAGEMENT AND PROFESSIONAL LIABILITY INSURANCE

MANAGEMENT AND PROFESSIONAL LIABILITY INSURANCE U.S. FINPRO MANAGEMENT AND PROFESSIONAL LIABILITY INSURANCE ALTERNATIVE INVESTMENT FUNDS/HEDGE FUNDS In turbulent economic times, the importance of a well designed management and professional liability

More information

Questions Every Outside Director Should Ask About Their Portfolio Company s D&O Insurance

Questions Every Outside Director Should Ask About Their Portfolio Company s D&O Insurance By Pamela W. Mason, AAI Questions Every Outside Director Should Ask About Their Portfolio Company s D&O Insurance Venture capital and private equity partners are being sued in their capacity as directors

More information

The Solution for General Partnership Liability Coverage Part

The Solution for General Partnership Liability Coverage Part The Solution for General Partnership Liability Coverage Part In consideration of the payment of the premium and subject to the General Terms and Conditions, the Insurer and the Insureds agree as follows:

More information

SPECIMEN. (1) a written demand for monetary damages or non-monetary relief;

SPECIMEN. (1) a written demand for monetary damages or non-monetary relief; In consideration of payment of the premium and subject to the Declarations, General Terms and Conditions, limitations, conditions, provisions and other terms of this Policy, the Company and the Insureds

More information

D&O Liability Insurance: Persistent Problems & Simple Solutions

D&O Liability Insurance: Persistent Problems & Simple Solutions D&O Liability Insurance: Persistent Problems & Simple Solutions Scott C. Hecht Stinson Morrison Hecker LLP presented to Association of Corporate Counsel Mid-America Chapter Thursday, January 13, 2011 D&O

More information

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance Directors and Officers Liability Insurance Quick reference guide The Quick Reference Guide provides a snapshot of the changes that have been made in comparison to the previous Directors and Officers Liability

More information

Insurance Coverage During the Economic Crisis. by Bianca R. Chapman and Marc Rosenthal

Insurance Coverage During the Economic Crisis. by Bianca R. Chapman and Marc Rosenthal Insurance Coverage During the Economic Crisis by Bianca R. Chapman and Marc Rosenthal The current financial crisis has resulted in unprecedented market volatility, credit concerns, market losses and bankruptcies

More information

THE INSURANCE FOR THIS

THE INSURANCE FOR THIS Allegiance Staffing Firm Employment Practices Liability Policy THE INSURANCE FOR THIS product is underwritten by certain underwriters at Lloyd s. Allegiance Underwriting Group, Inc. arranges this insurance

More information

Specialty Risk Protector

Specialty Risk Protector Specialty Professional Liability and Data and Network Security Insurance is a single policy that makes it easy for companies to secure the multi-faceted E&O protection our networked world requires. A simplified,

More information

PrivateEdge Plus: Market-leading management and professional liability coverage package for private companies.

PrivateEdge Plus: Market-leading management and professional liability coverage package for private companies. PrivateEdge Plus: Market-leading management and professional liability coverage package for private companies. PrivateEdge Plus PrivateEdge Plus is a flexible insurance package that allows private companies

More information

Broadest Form Directors and Officers Liability Insurance Policy

Broadest Form Directors and Officers Liability Insurance Policy HOUSTON CASUALTY COMPANY Broadest Form Directors and Officers Liability Insurance Policy HCC Global 8 Forest Park Drive, Farmington, Connecticut 06032 main 860 674 1900 facsimile 860 676 1737 Page 1 of

More information

The liability exposures of nonprofit board members. Are the directors & officers of your organization protected?

The liability exposures of nonprofit board members. Are the directors & officers of your organization protected? The liability exposures of nonprofit board members Are the directors & officers of your organization protected? The liability exposures of nonprofit board members Are the directors & officers of your organization

More information

Aegon / Transamerica: The Implications of Living to 100 and Beyond

Aegon / Transamerica: The Implications of Living to 100 and Beyond Aegon / Transamerica: The Implications of Living to 100 and Beyond Boca Raton, FL March 3, 2014 David Hopewell CFO Individual Savings & Retirement Transamerica Significant opportunities in the variable

More information

Fiduciary FAQ. Report Title. Fiduciary or Pension Trust Liability and Insurance Frequently Asked Questions

Fiduciary FAQ. Report Title. Fiduciary or Pension Trust Liability and Insurance Frequently Asked Questions Fiduciary FAQ Report Title Fiduciary or Pension Trust Liability and Insurance Frequently Asked Questions Contents 1. What s a Fiduciary liability policy intended to do?...3 2. When does the wrongful conduct

More information

Introduction to Directors and Offi cers Liability Insurance

Introduction to Directors and Offi cers Liability Insurance CHAPTER 1 Martin J. O Leary Introduction to Directors and Offi cers Liability Insurance The following is a brief, general overview of coverage afforded under the Directors and Officers Liability Insurance

More information

D&O FAQ. Report Title. Directors & Officers (D&O) Liability and Insurance Frequently Asked Questions

D&O FAQ. Report Title. Directors & Officers (D&O) Liability and Insurance Frequently Asked Questions D&O FAQ Report Title Directors & Officers (D&O) Liability and Insurance Frequently Asked Questions Contents 1. What is a D&O policy intended to do?...3 2. When does wrongful conduct have to occur to be

More information

PROFESSIONAL LIABILITY INSURANCE COVERAGE

PROFESSIONAL LIABILITY INSURANCE COVERAGE Management Advisory 2002,Victor O. Schinnerer & Company, Inc. The information presented here is for risk management guidance. It is not legal advice nor should it be construed to be a determination on

More information

SPECIMEN. (1) advising, counseling or giving notice to employees, participants or beneficiaries with respect to any Plan;

SPECIMEN. (1) advising, counseling or giving notice to employees, participants or beneficiaries with respect to any Plan; In consideration of payment of the premium and subject to the Declarations, limitations, conditions, provisions and other terms of this Policy, the Company and the Insureds agree as follows: I. INSURING

More information

THE INVESTMENT INDUSTRY S GUIDE TO INSURANCE COVERAGE AND TERMS

THE INVESTMENT INDUSTRY S GUIDE TO INSURANCE COVERAGE AND TERMS 4th Edition THE INVESTMENT INDUSTRY S GUIDE TO INSURANCE COVERAGE AND TERMS A handy, quick-reference source for directors, officers, investment advisors, hedge funds, securities broker/dealers, mutual

More information

BEAZLEY ARMOUR SIDE A DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY

BEAZLEY ARMOUR SIDE A DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY BEAZLEY ARMOUR SIDE A DIRECTORS AND OFFICERS LIABILITY INSURANCE POLICY In consideration of the payment of the premium, in reliance on all statements made in the application and subject to all of the provisions

More information

Occupational Accident

Occupational Accident Occupational Accident Work injury solutions for independent contractors A guide to Zurich s products, services and advantages Why Zurich for Occupational Accident insurance? Trucking companies with an

More information

CORPORATE OFFICERS & DIRECTORS LIABILITY

CORPORATE OFFICERS & DIRECTORS LIABILITY Westlaw Journal CORPORATE OFFICERS & DIRECTORS LIABILITY Litigation News and Analysis Legislation Regulation Expert Commentary VOLUME 28, ISSUE 6 / SEPTEMBER 10, 2012 Expert Analysis D&O Insurance for

More information

How to Choose a Life Insurance Company *YP½PPMRK 4VSQMWIW A 2014 GUIDE THROUGH RELEVANT INDUSTRY INFORMATION

How to Choose a Life Insurance Company *YP½PPMRK 4VSQMWIW A 2014 GUIDE THROUGH RELEVANT INDUSTRY INFORMATION How to Choose a Life Insurance Company *YP½PPMRK 4VSQMWIW A 2014 GUIDE THROUGH RELEVANT INDUSTRY INFORMATION Because the most important people in your life will car, or computer, most people are completely

More information

Directors, Officers and Corporate Liability Insurance Coverage Section. This is a Claims Made Policy. Please read it carefully.

Directors, Officers and Corporate Liability Insurance Coverage Section. This is a Claims Made Policy. Please read it carefully. Directors, Officers and Corporate Liability Insurance Coverage Section This is a Claims Made Policy. Please read it carefully. CLAIMS MADE WARNING FOR POLICY NOTICE: THIS POLICY PROVIDES COVERAGE ON A

More information

A Guide to Legal Malpractice Insurance

A Guide to Legal Malpractice Insurance A Guide to Legal Malpractice Insurance Legal Malpractice Insurance Terms Admitted Carrier A carrier that is licensed and authorized to write insurance in a particular state using rates, rules and forms

More information

S$30,000,001 to S$50,000,000. Premium Payable plus GST =

S$30,000,001 to S$50,000,000. Premium Payable plus GST = Zuellig Insurance Singapore SNCF Management Liability Insurance Program by Zuellig Insurance Brokers and American Home Assurance, Singapore Branch. Management Liability Insurance Application Form (for

More information

A Guide to Legal Malpractice Insurance

A Guide to Legal Malpractice Insurance A Guide to Legal Malpractice Insurance Legal Malpractice Insurance Terms Admitted Carrier A carrier licensed and authorized to write insurance in a particular state using rates, rules and forms that have

More information

Sophisticated investments. Simple to use.

Sophisticated investments. Simple to use. Russell LifePoints INSTITUTIONAL TARGET DATE FUNDS Sophisticated investments. Simple to use. INVESTED. TOGETHER. Now your default option can be your best option. If your target date funds are projected

More information

FINANCIAL LINES & VENTURE CAPITAL INSURANCE FAQS

FINANCIAL LINES & VENTURE CAPITAL INSURANCE FAQS FINANCIAL LINES ACE elite PRIVATE EQUITY & VENTURE CAPITAL INSURANCE FAQS 1 The new elite wording is a package policy comprising: Directors & Officers Liability Insurance (D&O) Outside Directors Liability

More information

The Most Commonly Asked Questions

The Most Commonly Asked Questions www.bankdirector.com Strong Board. Strong Bank. Bank Director s Educational Program for Members of the Board D & O LIABILITY INSURANCE: The Most Commonly Asked Questions WHITE PAPER 2 D & O LIABILITY INSURANCE:

More information

Employment Practices Liability Insurance and Insurance Coverage for Employee Dishonesty

Employment Practices Liability Insurance and Insurance Coverage for Employee Dishonesty Employment Practices Liability Insurance and Insurance Coverage for Employee Dishonesty Michael Conley, Esq. (267) 216-2707 mconley@andersonkill.com AAPA Port Administration and Legal Issues Seminar Baltimore,

More information

FIDUCIARY LIABILITY COVERAGE PART

FIDUCIARY LIABILITY COVERAGE PART FIDUCIARY LIABILITY COVERAGE PART I. INSURING AGREEMENTS Fiduciary Liability The Insurer shall pay Loss on behalf of the Insureds resulting from a Fiduciary Claim first made against the Insureds during

More information

Insuring Clause (B): Directors, Officers, and Trustees Indemnification Coverage

Insuring Clause (B): Directors, Officers, and Trustees Indemnification Coverage In consideration of payment of the premium and subject to the Declarations, General Terms and Conditions, limitations, conditions, provisions and other terms of this Policy, the Company and the Insureds

More information

A Winning Relationship. You, Your Advisor, and Schwab Advisor Services. For Clients of Independent Investment Advisors

A Winning Relationship. You, Your Advisor, and Schwab Advisor Services. For Clients of Independent Investment Advisors A Winning Relationship You, Your Advisor, and Schwab Advisor Services For Clients of Independent Investment Advisors Your advisor s expertise and Schwab s custody services come together to help protect

More information

Directors & Officers (D&O) liability policy primer and claim modeling potential. Presenters. Purpose of D&O insurance

Directors & Officers (D&O) liability policy primer and claim modeling potential. Presenters. Purpose of D&O insurance Directors & Officers (D&O) liability policy primer and claim modeling potential Casualty Loss Reserve Seminar September 15, 2011 Presenters Moderator Connie Kurpick Senior Ernst & Young Presenter Mark

More information

Wrap+ for Health Care Organizations

Wrap+ for Health Care Organizations Wrap+ for Health Care Organizations PRIVATE & NONPROFIT LIABILITY ADMINISTERED BY: G.J. SULLIVAN CO., 2400 E. KATELLA AVE., SUITE 500, ANAHEIM, CA 92806, PHONE: 714.221.9540, FAX: 714.876.2740 Travelers

More information

STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE.

STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE. STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE. Strong. Stable. Secure. For more than a century through recessions and a Great Depression, through two World

More information

The Current State of Side A Insurance Coverage. American Conference Institute s 17 th Forum on D&O Liability October 21-22, 2013

The Current State of Side A Insurance Coverage. American Conference Institute s 17 th Forum on D&O Liability October 21-22, 2013 The Current State of Side A Insurance Coverage American Conference Institute s 17 th Forum on D&O Liability October 21-22, 2013 DISCLAIMER Any views or opinions expressed by the speakers are solely those

More information

Better control through captives. Efficient management of corporate risks and customized employee benefits

Better control through captives. Efficient management of corporate risks and customized employee benefits Better control through captives Efficient management of corporate risks and customized employee benefits Efficient management of corporate risks and customized employee benefits The use of captives to

More information

CHECKLIST FOR PURCHASERS OF PROFESSIONAL LIABILITY INSURANCE

CHECKLIST FOR PURCHASERS OF PROFESSIONAL LIABILITY INSURANCE CHECKLIST FOR PURCHASERS OF PROFESSIONAL LIABILITY INSURANCE How to Use this Checklist This checklist is intended as a guide to be used in reviewing professional liability insurance applications and policies.

More information

FIDUCIARY LIABILITY COVERAGE PART

FIDUCIARY LIABILITY COVERAGE PART FIDUCIARY LIABILITY COVERAGE PART I. INSURING AGREEMENTS Fiduciary Liability The Insurer shall pay Loss on behalf of the Insureds resulting from a Fiduciary Claim first made against the Insureds during

More information

Zurich Captive Services. Help take care of your people and business together

Zurich Captive Services. Help take care of your people and business together Zurich Captive Services Help take care of your people and business together Zurich Captive Services Release the true value of your captive Captives have long helped large multinational companies to finance

More information

DIRECTORS & OFFICERS LIABILITY INSURANCE

DIRECTORS & OFFICERS LIABILITY INSURANCE DIRECTORS & OFFICERS LIABILITY INSURANCE WHAT D&O INSURANCE DOES: Protects the personal assets of a company s directors and officers from potential unlimited liability; Protects the company s assets; Provides

More information

When the big test comes, will your insurance provider have the right answers?

When the big test comes, will your insurance provider have the right answers? When the big test comes, will your insurance provider have the right answers? ForeFront Portfolio SM for Not-for-Profit Educational Institutions Five Insurance Solutions for Critical Educational Risks

More information

CORNERSTONE A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM

CORNERSTONE A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM CORNERSTONE A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM THIS IS A CLAIMS MADE POLICY WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY. PLEASE READ AND REVIEW THE POLICY CAREFULLY. In consideration

More information

Hiscox Professional Liability Portfolio - old and new policy form comparison

Hiscox Professional Liability Portfolio - old and new policy form comparison Hiscox Professional Liability Portfolio - old and new policy form comparison Transitioning to a new form can be tricky and time intensive unless you know what s changed. We want to SAVE YOU TIME and aim

More information

Professional Indemnity

Professional Indemnity Allianz Global Corporate & Specialty Professional Indemnity Capability Statement Protecting your clients with a range of professional indemnity products. Professional Indemnity at a glance In an increasingly

More information

Stability and reliability

Stability and reliability Allianz Life Insurance Company of North America Stability and reliability Our investment management philosophy Page 1 of 8 True to our promises Message from Walter White President and Chief Executive Officer

More information

Directors & Officers Liability Insurance Financial Institutions

Directors & Officers Liability Insurance Financial Institutions AIG CorporateGuard SEC Schedule Directors & Officers Liability Insurance Financial Institutions Policy Number 1 Policyholder 2 Registered Address 3 Policy Period From: Inception Date To: Expiry Date 00.01

More information

GLOBAL PROPERTY. Commercial Property START

GLOBAL PROPERTY. Commercial Property START Commercial Property START A LEADER About Global Property AIG s Global Property division brings sophisticated and extensive capabilities to our clients risk management programs. AIG s unrivalled worldwide

More information

dopies of the new endorsements that have been added to the program form are attached for your review.

dopies of the new endorsements that have been added to the program form are attached for your review. Becky Van Wyk Interim Retirement Administrator FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION BOARD OF RETIREMENT Dr. Rod Coburn, III, Chair Alan Cade, Jr., Vice Chair Marion Austin Laura P. Basua Judith

More information

MANAGEMENT PROTECTION- E-TRADED

MANAGEMENT PROTECTION- E-TRADED MANAGEMENT PROTECTION- E-TRADED Managment Protection etraded RSA: protecting the decision makers RSA: PROTECTING THE DECISION MAKERS Directors, officers, charity trustees and Directors, managers officers,

More information

Fines, Penalties and Staying Out of Jail

Fines, Penalties and Staying Out of Jail Fines, Penalties and Staying Out of Jail What is a Covered Loss under a D&O policy? By Susanne Mast Murray and Fred T. Podolsky Directors and officers are exposed to financial liability just for doing

More information

Application For Private Company Directors, Officers And Employees Liability Coverage Privately Owned Company

Application For Private Company Directors, Officers And Employees Liability Coverage Privately Owned Company Application For Private Company Directors, Officers And Liability Coverage Privately Owned Company Zurich-American Insurance Group PLEASE NOTE: This Application is for PRIVATELY HELD Companies only. Directors

More information

DIRECTORS & OFFICERS LIABILITY INSURANCE

DIRECTORS & OFFICERS LIABILITY INSURANCE DIRECTORS & OFFICERS LIABILITY INSURANCE INTRODUCTION C or p or ate indemni cation and insurance policies designed to protect D i r e c t o r s a n d c e r s ( D & O s ) a r e complex technical documents.

More information

A GUIDE TO PURCHASING LAWYER S PROFESSIONAL LIABILITY INSURANCE IN VIRGINIA

A GUIDE TO PURCHASING LAWYER S PROFESSIONAL LIABILITY INSURANCE IN VIRGINIA A GUIDE TO PURCHASING LAWYER S PROFESSIONAL LIABILITY INSURANCE IN VIRGINIA Presented By The Virginia State Bar's Special Committee on Lawyer Malpractice Insurance May 2008 The Need For Professional Liability

More information

As per your request for a Blanket Crime Policy quote, and based upon the renewal information submitted, we are pleased to quote the following:

As per your request for a Blanket Crime Policy quote, and based upon the renewal information submitted, we are pleased to quote the following: National Union Fire Insurance Company of Pittsburgh, Pa. 32 Old Slip Financial Square New York, NY 10005 (646) 857-2358 hema.sadarangani@aig.com January 11, 2013 DEREK LAKIN LOCKTON COMPANIES LLC 1185

More information

United Fire & Casualty Company Reports Record Quarterly Earnings

United Fire & Casualty Company Reports Record Quarterly Earnings FOR IMMEDIATE RELEASE For: United Fire & Casualty Company 118 Second Avenue SE, PO Box 73909 Cedar Rapids, Iowa 52407-3909 Contact: John A. Rife, President/CEO, 319-399-5700 United Fire & Casualty Company

More information

15 Questions You Should Ask Before Buying D&O Insurance Anna Erickson White and Philip T. Besirof, Morrison & Foerster LLP

15 Questions You Should Ask Before Buying D&O Insurance Anna Erickson White and Philip T. Besirof, Morrison & Foerster LLP 15 Questions You Should Ask Before Buying D&O Insurance Anna Erickson White and Philip T. Besirof, Morrison & Foerster LLP This Article is published by Practical Law Company on its PLC Corporate & Securities

More information

Addressing a Corporate Structure Issue

Addressing a Corporate Structure Issue Addressing a Corporate Structure Issue BLENDED STRUCTURE Industry Manufacturing Motivation A manufacturer of safety products believed it had adequate insurance and cash flow to cover its silica claims,

More information

A policy designed & engineered for success.

A policy designed & engineered for success. AGENT MATERIAL Hanover Professional Portfolio A policy designed & engineered for success. HANOVER PROFESSIONAL PORTFOLIO Professional Liability. Comprehensive Solutions for Architects and Engineers. You

More information

Fiduciary Liability Policy

Fiduciary Liability Policy Fiduciary Liability Policy Declarations Insurance is provided by the following Company: Zurich American Insurance Company Policy Number: Item 1. Parent Company and address: Item 2. Limits of Liability:

More information

Who s Watching Your Back? An Assessment of Life Insurance Policyholder Protections Following the Passage of the Budget Control Act of 2011

Who s Watching Your Back? An Assessment of Life Insurance Policyholder Protections Following the Passage of the Budget Control Act of 2011 Who s Watching Your Back? An Assessment of Life Insurance Policyholder Protections Following the Passage of the Budget Control Act of 2011 Nease, Lagana, Eden & Culley, Inc. 2100 RiverEdge Parkway, Suite

More information

Global Property Construction

Global Property Construction Global Property Construction Overview From Ground-Breaking to Sky-Scraping Every stage of a construction project, from planning and design to final inspections and operation, is accompanied by numerous

More information

CLASSIC A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM

CLASSIC A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM CLASSIC A-SIDE MANAGEMENT LIABILITY INSURANCE COVERAGE FORM THIS IS A CLAIMS MADE POLICY WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY. PLEASE READ AND REVIEW THE POLICY CAREFULLY. In consideration

More information

The Allstate Corporation. Bernstein 2015 Strategic Decisions Conference Thomas J. Wilson: Chairman and Chief Executive Officer May 28, 2015

The Allstate Corporation. Bernstein 2015 Strategic Decisions Conference Thomas J. Wilson: Chairman and Chief Executive Officer May 28, 2015 The Allstate Corporation Bernstein 2015 Strategic Decisions Conference Thomas J. Wilson: Chairman and Chief Executive Officer May 28, 2015 Forward-Looking Statements and Non-GAAP Financial Information

More information

Directors and Officers Liability Insurance Guidance and Advice for Risk Managers

Directors and Officers Liability Insurance Guidance and Advice for Risk Managers Directors and Officers Liability Insurance Guidance and Advice for Risk Managers The insurance market has responded to recent corporate failures by requiring more information from organisations seeking

More information

Fiduciary Liability Coverage Part

Fiduciary Liability Coverage Part Fiduciary Liability Coverage Part In consideration of the payment of the premium and subject to all terms, conditions and limitations of this Coverage Part and the General Terms and Conditions for Liability

More information

FOCUS PROASSURANCE 2005 ANNUAL REPORT

FOCUS PROASSURANCE 2005 ANNUAL REPORT FOCUS PROASSURANCE 2005 ANNUAL REPORT THE FOCUS OF PROASSURANCE CORPORATION We are a specialty insurer focused on writing medical professional liability insurance and developing insurance solutions which

More information

MISCELLANEOUS PROFESSIONAL LIABILITY INSURANCE COVERAGE FORM

MISCELLANEOUS PROFESSIONAL LIABILITY INSURANCE COVERAGE FORM MISCELLANEOUS PROFESSIONAL LIABILITY INSURANCE COVERAGE FORM THIS IS A CLAIMS MADE POLICY WITH DEFENSE EXPENSES INCLUDED IN THE LIMIT OF LIABILITY. PLEASE READ AND REVIEW THE POLICY CAREFULLY. In consideration

More information

(for Non-Executive Directors). Criminal element deleted and replaced with deliberate, intentional or reckless limitation.

(for Non-Executive Directors). Criminal element deleted and replaced with deliberate, intentional or reckless limitation. PrivateEdge Coverage Comparison The policy structure of PrivateEdge (2010) differs from the previous edition. Cover is offered on a modula basis comprising different policy sections with separate and adjustable

More information

All insured's must be owners and likewise all owners must be insured's. Under the LRRA, the membership of the RRG must be relatively homogeneous

All insured's must be owners and likewise all owners must be insured's. Under the LRRA, the membership of the RRG must be relatively homogeneous What is a Risk Retention Group? A risk retention group (RRG) is a policy issuing liability insurance company that is owned by its member insured's and formed under the Liability Risk Retention Act of 1981,

More information

Dragonshield Proposal Form Broad Form Management Liability Insurance

Dragonshield Proposal Form Broad Form Management Liability Insurance AIG Insurance Hong Kong Limited Dragonshield Proposal Form Broad Form Management Liability Insurance Notices: In underwriting your application for coverage, the insurer will rely upon the accuracy and

More information

ATHENE Benefit 10 SM Fixed Index Annuity with Enhanced Benefit Rider. Issued by Athene Annuity & Life Assurance Company AN1109 (7-13)

ATHENE Benefit 10 SM Fixed Index Annuity with Enhanced Benefit Rider. Issued by Athene Annuity & Life Assurance Company AN1109 (7-13) ATHENE Benefit 10 SM Fixed Index Annuity with Enhanced Benefit Rider Issued by Athene Annuity & Life Assurance Company AN1109 (7-13) ATHENE Benefit 10 Fixed Index Annuity with Enhanced Benefit Rider A

More information

Chubb Commercial Excess and Umbrella Insurance

Chubb Commercial Excess and Umbrella Insurance Chubb Commercial Excess and Umbrella Insurance Chubb Commercial Excess and Umbrella Insurance It s no secret that rapid changes in technology and an increasingly litigious society have created new and

More information

The Hartford Financial Services Group, Inc. Business Profile December 31, 2005

The Hartford Financial Services Group, Inc. Business Profile December 31, 2005 The Hartford Financial Services Group, Inc. Business Profile December 31, 2005 Safe Harbor Statement Certain statements made in this presentation should be considered forwardlooking statements as defined

More information

Commercial Insurance >

Commercial Insurance > Commercial Insurance AIG Commercial Insurance combines one of the world s farthest reaching property casualty networks with our diversified, multichannel distribution network to offer our customers a broad

More information

Five Best Practice Strategies for Maintaining Excellence in Workers Compensation Self-Insured Groups

Five Best Practice Strategies for Maintaining Excellence in Workers Compensation Self-Insured Groups Five Best Practice Strategies for Maintaining Excellence in Workers Compensation Self-Insured Groups Safety National is the market leader for providing excess workers compensation coverage for self-insured

More information

Management Liability Claims Trends and Their Impact on Universities

Management Liability Claims Trends and Their Impact on Universities Management Liability Claims Trends and Their Impact on Universities John Ergastolo, Arthur J. Gallagher & Co. P:\producer\norton\d&o.ppt-99 Management Liability and Higher Education Impacting Educators

More information

ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE POLICY

ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE POLICY ARCHITECTS AND ENGINEERS PROFESSIONAL LIABILITY INSURANCE POLICY THIS IS A CLAIMS-MADE AND REPORTED POLICY. VARIOUS PROVISIONS IN THIS POLICY RESTRICT COVERAGE. THIS POLICY CONTAINS IMPORTANT EXCLUSIONS

More information

Zurich s approach to Enterprise Risk Management. John Scott Chief Risk Officer Zurich Global Corporate

Zurich s approach to Enterprise Risk Management. John Scott Chief Risk Officer Zurich Global Corporate Zurich s approach to Enterprise Risk Management John Scott Chief Risk Officer Zurich Global Corporate Agenda 1. The risks we face 2. Strategy risk and risk tolerance 3. Zurich s ERM framework 4. Capital

More information

Download Adobe Reader Now

Download Adobe Reader Now Download Adobe Reader Now To experience the interactive elements in this document, you must download this PDF and view it within Adobe Reader, not your web browser. If you don t have Adobe Reader, you

More information

The promise and pitfalls of cyber insurance January 2016

The promise and pitfalls of cyber insurance January 2016 www.pwc.com/us/insurance The promise and pitfalls of cyber insurance January 2016 2 top issues The promise and pitfalls of cyber insurance Cyber insurance is a potentially huge but still largely untapped

More information

CITY CLERK. 2001-2002 Insurance Program Renewal at May 1, 2002. (City Council on April 16, 17 and 18, 2002, adopted this Clause, without amendment.

CITY CLERK. 2001-2002 Insurance Program Renewal at May 1, 2002. (City Council on April 16, 17 and 18, 2002, adopted this Clause, without amendment. CITY CLERK Clause embodied in Report No. 4 of the, as adopted by the Council of the City of Toronto at its meeting held on April 16, 17 and 18, 2002. 33 2001-2002 Insurance Program Renewal at May 1, 2002

More information

American International Group, Inc.

American International Group, Inc. Financial Supplement Fourth Quarter 2013 All financial information in this document is unaudited. This report should be read in conjunction with AIG s Annual Report on Form 10-K for the year ended December

More information

How Property/Casualty Insurance Companies Invest Premium Dollars

How Property/Casualty Insurance Companies Invest Premium Dollars How Property/Casualty Insurance Companies Invest Premium Dollars OVERVIEW Every day, property/casualty insurers enable our economy to function by helping individuals and businesses address the various

More information

Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world

Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world Companies turning to Trade Credit Insurance in an unpredictable and debt-laden world On the heels of a period of financial

More information

Luxembourg Life Assurance for International Investors

Luxembourg Life Assurance for International Investors Luxembourg Life Assurance for International Investors 2 3 CONTENTS 4 Luxembourg Life Assurance for International Investors 4 A truly international focus 6 Maximum protection 8 Solutions designed for sophisticated

More information

The Financial Insurance Guide for Investment Advisors

The Financial Insurance Guide for Investment Advisors ESTABLISHED 1957 The Financial Insurance Guide for Investment Advisors Asset management firms require a special expertise in insurance product design and placement. Investment Advisors need to be concerned

More information

Excess Casualty. Go above and beyond.

Excess Casualty. Go above and beyond. Excess Casualty Go above and beyond. With the right commercial umbrella insurance policy, you get more than sound coverage. You get the confidence you need to pursue business opportunities in a world where

More information

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference Life & Protection Scott Ham CEO John Hunter COO Analyst & Investor Conference New York City, December 2010 Key messages Grow profitable new sales Leverage expertise to increase recruiting and expand existing

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports 4th Quarter Net Income

More information

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS

WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS For Immediate Release WESTERN FINANCIAL GROUP REPORTS FIRST QUARTER 2009 RESULTS High River, Alberta May 14, 2009, (TSX WES) - Western Financial Group ( the Company ) announced today its operating and

More information

The Hartford Financial Services Group, Inc. Business Profile March 31, 2006

The Hartford Financial Services Group, Inc. Business Profile March 31, 2006 The Hartford Financial Services Group, Inc. Business Profile March 31, 2006 Safe Harbor Statement Certain statements made in this presentation should be considered forwardlooking statements as defined

More information

Mesirow Financial. Fiduciary Partnership FAQ for Advisors

Mesirow Financial. Fiduciary Partnership FAQ for Advisors Mesirow Financial Fiduciary Partnership FAQ for Advisors Mesirow Financial Fiduciary Partnership FAQ for Advisors i I. Firm Overview 1. Who is Mesirow Financial? 2. Who is the Investment Strategies Group?

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports Second Quarter Net Income

More information

STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE.

STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE. STRONG STABLE SECURE A LOOK AT MUTUAL OF OMAHA S FINANCIAL STRENGTH. STRONG. STABLE. SECURE. Strong. Stable. Secure. For more than a century through recessions and a Great Depression, through two World

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 Chubb Reports Fourth Quarter Net Income per Share of $2.35;

More information