8 Del. Law 145 provides that Delaware corporations may purchase insurance to insure liability of their directors, officers, employees, and agents. The amendment clarifies that insurance includes captive insurance.
8 Del. Law 145 provides that Delaware corporations may purchase insurance to insure liability of their directors, officers, employees, and agents. The amendment clarifies that insurance includes captive insurance.
There has been increasing litigation in the D&O market and the exit of some big players, leading to a hardening of rates. Gallagher managing director David Ritchie spoke to Intelligent Insurer about how pessimism in this space may be too soon.