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India: New law may boost demand for directors and officers liability insurance

January 2, 2014 - 6:00am


India's insurance industry expects demand for directors and officers liability insurance to rise as rules under a new law has paved the way for class action suits and raised regulatory pressure on company boards and top management, among other things, Financial Chronicle reported.

A senior official of a general insurer said "we do expect more companies to buy D&O covers because of the stricter laws." The official said "recent incidents of top officials of some companies facing fraud and sexual harassment charges will make companies look at D&O policies."

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