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The
Directors and Officers (D's and O's) of publicly traded companies
make decisions each day which impact the future of the company.
Inevitably,
some of those decisions will have unintended adverse impact and
to the extent that impact is material, shareholders may sue the
company and its D's and O's in an attempt to recoup some of their
financial losses.
Those
potential claims are insurable through specific coverage which protects
the D's and O's as individuals, as well as the company itself and
the financial obligations of the company to its D's and O's.
The
financial exposure faced by D's and O's has never been greater.
With the passage of the Sarbanes-Oxley Act in 2002, the personal
exposure faced by those corporate officers increased dramatically,
and we have seen associated litigation trends continue to rise.
In fact, it is predicted that suits against D's and O's will rise
17% by the end of 2006.
Financial
Specialty has the expertise you need to understand the risks your
executive group is exposed to and the ability to
help you strike a balance between the acceptance and transfer of
those risks.
Click
on a specific coverage area to the right which you are interested
in learning more, or contact us via e-mail
or by calling Ben Miner at 214-468-8666.
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