At Foley’s sixth annual National Directors Institute on March 8, 2007 in Chicago, Gordon “Chip” Davenport III, partner Foley & Lardner, moderated a panel discussion on “Director and Officer Liability Trends.” Panelists included Michael Rice, managing director, AON Financial Services Group, and Dan Fortin, senior vice president, CNA Financial Corporation. The topic was looked at in more detail during the afternoon session on “D&O Insurance – Advanced Issues” wherein the panelists were joined by Ethan Lenz, partner, Foley & Lardner LLP and Steve Shappell, managing director, Aon.
The panel presentation featured an overview of the latest trends in D&O litigation and the D&O insurance marketplace; how insurance companies scrutinize the companies they write D&O policies for and what a company and its directors and officers can do to get the best possible D&O insurance coverage; and how to avoid gaps in insurance coverage and how to negotiate the best possible policy terms.
