The Southern District of New York recently ordered a directors and officers (“D&O”) liability insurer to pay up to $4.5 million to reimburse an insured investment firm for the costs the firm incurred defending an arbitration proceeding brought by a former executive. In Seabury FXOne LLC v. U.S. Specialty Insurance Company1, the court, in denying the […]
Reprinted with permission from the July/August 2020 issue of Claims magazine WHEN DIRECTORS AND OFFICERS (D&O) INSURANCE was first introduced by the London underwriting market in the 1930s, it was intended to cover a narrow range of emerging liabilities. Following the Great Depression and the uptick in securities regulation, there was a perceived need for insurance to […]
The Travelers Indemnity Company (“Travelers”) recently released a new proprietary commercial general liability (“CGL”) form designated CG T1 00 02 19. The form is largely reflective of current ISO forms but includes one change that can significantly impact risk transfer when used by a trade contractor who has promised additional insured coverage to an upstream […]
Our clients span a broad range and include individuals, non-profit institutions, universities, hospitals, municipalities, utilities, and corporations. No matter who you are or where you’re located, SDV is the right choice for policyholders.
"*" indicates required fields