Section 9.1 Introduction

• Library: Insurance Practice 2015

This chapter discusses various issues that arise in the context of director and officer liability insurance. In the last 20 years, the quantity of litigation arising out of actions taken by individuals in their capacities as corporate directors or officers has increased markedly. Much of this is attributable to the quantity of corporate takeovers, mergers, and acquisitions that occurred during the 1980s. In addition, the failure of banks and savings and loans spawned suits against those responsible for the...