In an increasingly global economy, questions arising from cross-border activities are an increasingly common part of day-to-day business activities. Among other things, these circumstances mean that companies frequently must contend with the legal requirements in multiple jurisdictions and deal with the associated legal exposures as well. The potential liability issues in turn raise sometimes difficult questions about indemnification and insurance. For those of us in the insurance industry, these cross-border liability, indemnification, and insurance issues can be challenging.
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D&O Liability Exposures: Developments in the US and Globally
The following post previously appeared as an article in a recent issue of the Munich Re publication, Schadenspiegel. The article also appeared as a post on the Munich Re website, Topics Online. The article is reprinted here with the permission of Munich Re.
The liability arena for corporate directors and officers has long been characterized by a dynamic claims environment. In the past, the highest-profile developments in this arena have taken place primarily in the United States, due to long-standing patterns of litigiousness there. However, in the last few years changes in applicable laws and in the regulatory environment, as well as a series of high-profile scandals, have increased the significance of D&O insurance across the world.
Continue Reading D&O Liability Exposures: Developments in the US and Globally