Archive | May, 2011

Independent Directors Liability insurance discussed in, “Do directors need separate liability coverage?”

In her article, Do Directors Need Separate Liability Coverage, Corporate Secretary magazine, author Elizabeth Judd writes about Independent Director Liability insurance policies.  The article opens: IDL insurance protects directors outside the limits of D&O coverage and record increase in securities suits makes IDL a good option. Almost all public companies buy directors and officers liability (D&O) insurance, providing officers […]

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Out of Province insurer’s cannot rely upon limitations or exclusions contained in the Province where the accident occured.

The plaintiff was successful in having the court overturn the dismissal of the plaintiff’s application to add Republic Western Insurance Company (“RWIC”) as a defendant to the action where the court held that RWIC was not entitled to rely upon the limitation provision in s.103 of the Insurance (Vehicle) Regulation, B.C. Regulation 447/83 (the “Regulations”) […]

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Insurance Coverage for Denial-of-Service Attacks

It seems that 2011 has been the year of cyberattacks – denial of service attacks, data breaches, and more.  Would your insurance policies cover those events?  Beyond the denial of service attacks that made news headlines, a shocking “80 percent of respondents” in a survey of “200 IT security execs” “have faced large scale denial […]

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Self Insured Groups, Certain PEO’s, and the Greed That Causes Insolvency

Here’s an article from the Workers’ Comp Executive News Digest that helps to explain why it is so very important to investigate self-funded plans before buying into one. There are many self-insured groups active in California (some have already failed), including many Professional Employment Organizations (PEO’s) that self-fund or manage a large deductible plan for […]

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“The keenest sorrow is to recognize ourselves as the sole cause of all our adversities”….Sophocles

Finally, a blue sky from my home office window…..it’s been a winter that just doesn’t want to die…….but it just can’t survive much longer…….can it? Company Guy visit this morning from a Brokerage Firm…..This is different than a company guy visit from one of our standard carriers…. We use Brokers when the risk is unacceptable […]

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