Aug
03
How much protection do directors have if climate change lawsuits come in?
That's an important question raised in this paper, Global Warming – Will There Be Exposures For Directors And Officers And Will It Be Covered? by lawyer Joseph P. Monteleone.
The paper dissects exclusion clauses in D&O insurance and other exposures and the picture is quite disturbing. And as he points out, even if the litigation is without merit, it will generate significant legal expenses.
This paper is a warning to directors to start seeking legal advice. At the very least, they should read their policies carefully.
Hat tip to The D&O Diary blog.
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