Clyde & Co US FI and D&O team announce release of new ABA D&O Liability Insurance Deskbook
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Press Releases 26 February 2021 26 February 2021
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North America
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Firm news
Global law firm Clyde & Co is proud to announce the release of the ABA Directors & Officers Liability Insurance Deskbook, 5th Edition. The book was edited by Martin O’Leary, senior counsel in Clyde & Co’s San Francisco office, and a number of his fellow D&O team members authored chapters providing synopses of important judicial decisions in various jurisdictions on key D&O policy provisions that commonly arise.
The ABA D&O Liability Deskbook has proven to be a ready reference for navigating the landscape of D&O liability policies, and is available for purchase on the American Bar Association’s website.
“The responsibilities and exposures of directors and officers for D&O liability continue to evolve, and case law interpreting policy provisions and limitations continues to expand,” said O’Leary. “The Directors and Officers Liability Insurance Deskbook is designed to assist the practitioner in determining how courts have applied policy provisions to these expanding risks.”
Important issues covered in the book include:
- Policy issuance
- Insuring agreements
- Trigger and scope of coverage
- Defense obligations
- Policy limits, retentions, and exclusions
- Settlement
- Allocation
- Policy termination and nonrenewable
- Coverage litigation issues
- Bankruptcy-related issues
Clyde & Co’s global financial institutions and directors & officers team advises the London market, US and other international insurers and reinsurers on all aspects of FI and D&O work, successfully defending claims and handling the most complex coverage issues. The team handles complex coverage litigation, arbitration and mediation for on D&O claims against institutional and retail banks, building societies, pension funds, split capital investment trusts, investment advisers, asset managers and hedge funds.
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