BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Marsh Ltd. said Thursday it has broadened its D&O coverage under its Marsh Alpha policy.
Marsh Alpha is a policy designed to protect executives. The policy includes executive protection consultation, mitigation costs, and there are no exclusions for loss due to property damage or bodily injury. Marsh Alpha has been enhanced to include investigation coverage for internal investigations and a broader definition of non-indemnified loss, Marsh said in a statement.
This new coverage is a response to regulators and prosecutors that seek to hold individual senior managers personally accountable for corporate wrongdoing, according to the statement.
According to Marsh Ltd., a unit of Marsh L.L.C., “traditional D&O liability insurance policies provide cover when a legal proceeding is served, or a formal investigation commences, but generally include few scenarios where an individual is investigated by his or her own organization. In the current environment, individuals may need legal assistance before these traditional policies would respond.”
Capital markets keep gaining traction in the reinsurance space, and players see continued growth despite lingering concerns, according to sources speaking on the sidelines at the Property Casualty Insurers Association of America annual conference Oct. 25-28 in Hollywood, Florida.