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The best time to review D&O coverage? Now: in these especially challenging times, take these steps to ensure you have the protection you need and deserve.

Publication: Directors & Boards
Publication Date: 22-MAR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: The best time to review D&O coverage? Now: in these especially challenging times, take these steps to ensure you have the protection you need and deserve.(RISK MATTERS)(directors and officers)

Article Excerpt
TODAY'S credit crisis has boards on high alert.

What organization today is not feeling the pinch of tight credit and a dismal economy? The fact is that most economic signs point to continuing pressure on an organization's bottom line. Unfortunately, for some organizations, increasing financial pressure could devolve into distress and even insolvency. Could that happen to your organization? Will the signs be clear and easy to see, or could the board be missing them?

A slide toward bankruptcy often happens slowly and the signs can be seen from afar, as has been the case with the airline industry. But, as we have seen recently, bankruptcy can also happen quickly, with little warning, almost appearing out of...

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