D&O Insurance: Avoiding Traps and Keeping Coverage in a Distressed Banking Environment

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The authors explore the many forms of “D&O insurance failure,” and then discuss steps that can be taken proactively to avoid gaps in coverage by planning for renewals, obtaining “tail” coverage and filing “notices of circumstances” with insurers when receivership or bankruptcy is inevitable.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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