Posts Tagged ‘D&O’
Government’s SVB Intervention Saved Insurers From Significant D&O Claims
Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture capitalists – as well as financial institutions supporting these entities – would have been staring at potentially significant claims, according to commentary from AM Best. “Since startups are by…
Read MoreBasketball Hall of Fame and Chubb Insurer Hit the Court Over D&O Coverage
The Basketball Hall of fame (BHoF) is suing Chubb Group subsidiary Federal Insurance Co. to have the insurer defend and indemnify it in a case accusing it of attempting to unlawfully secure funds for renovations to its facility. In 2019, the Springfield, Mass. nonprofit purchased a Federal directors and officers (D&O) liability insurance policy with…
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