The Headache: Handling directors and officers liability insurance in a troubled and litigious atmosphere with prices rising and availability subject to change.
Our questions: What changes has your bank made (or plan to make) in D&O protection for the year ahead?
Come share your ideas, pick up a few!
One banker's remedy: Revisiting D&O after a structure change at Territorial Savings Bank, Hawaii
Here's how Vernon Hirata "passed the aspirin." He's vice-chairman, co-chief operating officer, and general counsel, Territorial Savings Bank, $1.2 billion-assets, Honolulu, Hawaii
We have had to go to an insurance broker who has a law background and was in risk management for a large bank before taking his current job. He pointed out that our bank was, in terms of risk, “outgrowing” the standard D&O policy we had in an association program. He conducted a bidding and evaluation process among carriers.
This change was necessary because we went through a mutual to stock conversion IPO.
Now let's hear your ideas!
(Editorial Note: Contributions to Pass the Aspirin may also appear in our print edition. While we will ask for your e-mail address, this is only as an aid to verifying identity and will not be used for any marketing or promotional purpose. The e-mail address will not be published.)
For vintage Aspirin columns, go to www.passtheaspirinplus.com
To suggest new topics for Pass the Aspirin both in print and in this blog, please e-mail This e-mail address is being protected from spam bots, you need JavaScript enabled to view it '; document.write( '' ); document.write( addy_text55170 ); document.write( '<\/a>' ); //-->\n This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Set as favorite
Bookmark
Email This
Trackback(0)
TrackBack URI for this entryComments (0)
Subscribe to this comment's feedWrite comment
