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"Directors & Officers"
Mary Thompson, Capstone Brokerage CEO, is featured in Nevada Business: Movers and Shakers. How did you first get into your profession? I obtained my first insurance job through an employment agency. What is your pet peeve? Blame and defending one’s mistakes. Continue reading
Now that the yearly task of filing personal taxes has passed, this is an opportunity to discuss another type of filing for businesses that occurs every year – the workers’ compensation and general liability audits. In comparison, insurance audits and filing taxes are similar in that both are mandatory, annually. The workers’ compensation and general liability audits are conducted at the end of each policy period to verify that the premium is correct for the exposure during the policy period. In the event there is a claim, the claim might be denied because the premium exposure for the policy term within the policy period where the claim occurred was underinsured. Continue reading
Cyber-related claims against directors and officers have been largely unsuccessful to date, but given the plaintiff bar’s creativity and persistence, it is too soon for companies to relax and consider themselves off the hook, say experts. Continue reading
A federal appeals court has upheld a lower court ruling and held an insurer was entitled to rescind a directors and officers liability policy based on a “material misrepresentation” in its application form. Continue reading
