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D&O claims keep climbing: and costing more to settle. (Special Report).(director and officers insurance claims)(Statistical Data Included)
The Non-profit Times
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July 1, 2002|
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COPYRIGHT 2002 NPT Publishing Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Director and officers (D&O) insurance claims have doubled during the past five years at Nonprofits' Insurance Alliance of California (NIAC), a liability insurance pool for nonprofits based in Santa Cruz, Calif.
Ninety-eight percent of all NIAC's D&O claims are employee related and 80 percent of those claims are wrongful termination, according to NIAC statistics.
Increases in employee-related claims are a trend across the nonprofit sector for D&O insurance, and those claims pack the highest exposure risk for nonprofits, several insurance representatives ...
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Business Wire
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PR Newswire
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News Wire article from: AsiaPulse News
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News Wire article from: Marketwire Canada
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Magazine article from: Network World
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PR Newswire
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