Business Insurance, May 25th, 1998
Policyholder attorneys advise risk managers to be careful when purchasing directors' and officers' liability insurance policies that cover Year 2000-related securities losses for their companies. Policyholder attorneys say that pre-set limits allocations for third-party claims and allocation endorsements may cause loss of opportunity to negotiate for claims. Application questionnaires and other insurance policies may also be used by insurance companies to deny a company's securities claims.
With seven months left until the first wave of millennium bug problems infest corporate America's compu...
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