国产一福利

Perceived risk drives the market for directors and officers liability insurance. Even before the Enron crisis, it was becoming much more difficult for financial institutionss to obtain affordable D&O insurance. Enron not only exacerbated existing trends in the marketplace; it was the impetus for a new wave of change.

The following trends are a result, at least in part, of Enron’s collapse:

• Shifts in the risk assessment model;
• Heightened scrutiny of internal controls;
• An increased focus on independence;
• Active involvement by outside directors and corporate counsel in the insurance process;
• The increased costs of obtaining insurance.

Source: National Union Fire Insurance Company of Pittsburgh