Director's and Officer's Risk Management Included in Financial Fiduciary Duties.

    Fiduciary Duties include Risk Management.  Whether or not people sitting on corporate Boards of Directors had the duty to act as a Fiduciary on issues of Financial Risk Management, they apparently are seen as having Fiduciary Duties on financial Risk Management now.  See Zachary A. Goldfarb, "SEC to Examine Boards' Role in Financial Crisis" (Washington Post Online, Friday, February 20, 2009).

    Correspondingly, Insurance Coverage Claims on Director's and Officer's Policies are bound to follow in increasingly greater numbers as a result of these issues.

    A post on other features of this issue can be found at www.insuranceclaimsbadfaith.typepad.com.

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