Insurance strategies for investment managers and their lawyers

Part one of a two-part series is presented. It discusses the types of insurance coverage available to cover claims against investment companies and their directors, officers, and employees; the intricacies of insurance policy notice requirements; competition among insureds for insurance proceeds whe...

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Bibliographic Details
Published in:The Investment Lawyer 2007-02, Vol.14 (2), p.15
Main Authors: Weisbrod, Stephen A, Heintz, John E, Lavella, Justin F
Format: Article
Language:English
Subjects:
Attorneys
Employees
Fraud
Government investigations
Insurance claims
Insurance coverage
Insurance industry
Insurance policies
Insurance premiums
Investment advisors
Investment companies
Investment policy
Liability insurance
Litigation
Policyholders
State court decisions
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Summary:Part one of a two-part series is presented. It discusses the types of insurance coverage available to cover claims against investment companies and their directors, officers, and employees; the intricacies of insurance policy notice requirements; competition among insureds for insurance proceeds when multiple entities and individuals are covered under a single policy; the structure of insurance policies commonly purchased by investment companies; the types of events, lawsuits, and government proceedings that can trigger such policies; and strategies for dealing with various coverage exclusions, such as the fraud exclusion.
ISSN:1075-4512