How Boards Can Address Insurance-Based Caremark Risk

Law360 Insurance Authority

"As recent bankruptcy proceedings In re: Boy Scouts of America and Delaware BSA LLC, and In re: Purdue Pharma LP have highlighted, insurance may be critical to ensuring an organization's solvency or — if all else fails — the payment of claimants.

In turn, other litigation shows that risk management — which includes the mitigation and transfer of risk through the purchase of insurance — is a core oversight responsibility of boards of directors."

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Related Contacts
Robert Jacques  Associate Washington, DC
Cullen Drescher Speckhart  Partner Washington, DC, New York
Heidi Lawson  Partner New York, London
Michael Klein  Partner New York