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FDIC Bars Financial Institutions from Purchasing Insurance Coverage for Civil Monetary Penalties for Directors and Officers: FDIC...

We recently notified you of the FDIC’s Financial Institution Letter 47-2013 , which urges directors and officers of financial institutions to examine their institutions’ directors and officers (D&O) insurance coverage to...more

11/23/2013 - Board of Directors Civil Monetary Penalty Corporate Counsel Corporate Officers D&O Insurance Directors Duty to Defend FDIC Financial Institution Liability Indemnification Professional Liability

FDIC Warns of Reduced Insurance Coverage for Directors and Officers of Financial Institutions

On October 10, the FDIC issued Financial Institution Letter 47-2013, urging directors and officers (D&O) of financial institutions to examine their institutions’ D&O insurance coverage to ensure adequate protection for...more

10/30/2013 - Banks D&O Insurance Directors FDIC Officers

Recent Ruling Confirms That Cost of Compliance with a PRP Letter Is Insured Under CGL Policies

In a recent ruling of interest to any company named as a potentially responsible party (“PRP”) at a Superfund site anywhere in the country, the Alabama Supreme Court has followed the majority of state courts and held that a...more

2/8/2013 - CERCLA Commercial General Liability Policies Contaminated Properties Duty to Defend Environmental Remediation Costs EPA PRP Letter Superfund

In Alabama, Cost of Complying with a PRP letter Now Insured Under CGL Policies

In a recent ruling of interest to any company named as a potentially responsible party (“PRP”) at a Superfund site, the Alabama Supreme Court has held that a PRP letter constitutes a “suit” under a comprehensive general...more

1/16/2013 - CERCLA Contaminated Properties Duty to Defend EPA Liability Insurance Notice Requirements PRP Letter Superfund

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