Magazine

Table: Insuring the Boss after Enron


Why Directors & Officers insurance is harder to get and more expensive:

-- Shareholder class actions have more than doubled in 2001 because of the bear market of 2000, and settlements are getting bigger

-- Lloyd's of London has restricted underwriting in the U.S., Reliance Insurance filed for bankruptcy, and other major players are tightening standards

-- The spread of aggressive accounting is making insurers much pickier about which companies they will underwrite

Data: Tillinghast-Towers Perrin


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