Filed in archive boards of directors by leon on August 3, 2007

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.

Related Entries:

The Cost-Benefit Equation of Climate Change Action - 16 October 2006
Microbes Help Regulate Climate Change - 28 October 2006
Do Wood Stoves Add to Climate Change Problems? - 31 October 2006
Climate change liability risks - 07 June 2007
Climate change and companies - 08 March 2008

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Permalink: Climate change and company directors

Tags: climate change directors D&O insurance business climate+change change+company

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Vote for Climate change and company directors:

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Rating: 9.00 out of 2 vote(s) cast.

Response from:

How much protection do directors have if climate change lawsuits come in? Not much. And even if the litigation is without merit, it will be very expensive for companies

Response from: news.fatpitchfinancials.com

How much protection do directors have if climate change lawsuits come in? Not much. And even if the litigation is without merit, it will be very expensive for companies.

Response from: BizzBites.com

How much protection do directors have if climate change lawsuits come in? Not much. And even if the litigation is without merit, it will be very expensive for companies.

Response from: BizzBites.com

How much protection do directors have if climate change lawsuits come in? Not much. And even if the litigation is without merit, it will be very expensive for companies.