Directors and officers liability on the rise: Report

A report by German corporate and specialty insurer Allianz Global Corporate & Specialty S.E. has found that a number of new risks are putting corporate leaders under more pressure than ever of falling foul of investigations, fines or prosecution over alleged wrongdoing, CFO Innovation reported. AGCS has witnessed a three-fold increase in directors and officers claims in Germany in the past 20 years, while many Asian nations are moving towards a more litigious culture against companies and their officers. Emerging risks creating liability for directors and officers include cyber attacks, data privacy, increasing regulator and shareholder activism and the influence of third party litigation

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