The heightened risk of being named in securities litigation has lead corporate counsel to face increasing liability exposures from a variety of claimants. These liabilities may result from legal services provided on behalf of and to their employers, as well as pro bono and moonlighting services. Because the role of corporate counsel continues to change, AIG Executive Liability, a division of the property casualty insurance subsidiaries of American International Group Inc., enhanced its Corporate Counsel Premier (CCP) insurance policy to protect the personal assets of corporate counsel and their staff.
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http://www.insurancejournal.com/news/national/2008/01/23/86658.htm
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1 comment:
Good information!!
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