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HUB International Professional & Financial Risk Insurance
HUB International is Canada’s leading solution provider for certified professionals, executives and the companies they work for.
Our Professional & Financial Risk specialists at HUB International Insurance Brokers deliver the combined power of our vast global resources and solid local relationships. Whatever field or sector you operate in, you receive the solution that makes the most sense for you, your practice and your business.

No D&O Insurance Coverage for Costs of Responding to Informal SEC Investigation

The question of the carrier’s obligation to pay for costs incurred in connection with an informal SEC investigation is amongst the most frequently recurring D&O insurance coverage issues.

Over the years, numerous policy revisions have been adopted in various forms by various carriers to address certain aspects of this issue.

The issue continues to arise, as shown most recently in District of Colorado Judge Robert E. Blackburn’s Aug 4th opinion (here), in which he held that the D&O policy at issue did not provide coverage for the insured company’s expenses incurred in responding to an informal SEC investigation.

The opinion continues to raise a number of issues.

For more details on the case, visit: No D&O Insurance Coverage for Costs of Responding to Informal SEC Investigation

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