September 14, 2004
The Hartford Unveils New D&O Coverage
The Hartford Financial Services Group Inc. has created Priority Protection, a new D&O product that protects the individual directors and officers.
"Directors and officers (D&O) coverage was originally created to help companies attract and retain high-quality board members and senior executives by shielding their personal assets from lawsuits. As the coverage expanded to include the corporation, protection for the individual director and officer eroded," according to Michael Karmilowicz, vice president at The Hartford's Hartford Financial Products unit in New York City
Posted by Tom Troceen