The JOBS Act impact on Directors & Officers Liability
The adoption of the Jumpstart Our Business Startups (JOBS) Act last April signaled impending changes to the insurance industry. The extent and significance of those changes however, was not entirely clear and left liability experts questioning just how big of an impact the law would have on the current market.
Now six months later, several components of the law have been utilized by emerging growth companies going public. However, the implications of the JOBS Act on Directors’ & Officers’ Liability (D&O) coverage are still not yet fully known. In the meantime, industry groups and leaders continue to discuss the various components of the law and contemplate the changes ahead.
WGA has published a White Paper on these issues. Click here to read to learn more about potential coverage challenges for D&O underwriters.
About the Author
Jennifer Sharkey is a Senior Vice President at William Gallagher Associates and Leader of the firm’s ExecutiveRisk Practice. She is responsible for the strategic and tactical leadership of this practice by providing consulting, marketing and negotiation expertise on Directors’ & Officers’ Liability, General Partnership Liability, Private Equity/VCAP, Fiduciary Liability, Fidelity, Kidnap/Ransom & Extortion, Employment Practices Liability and Professional Errors & Omissions Liability.