Calling All Bank Directors Episode 24: What You Need to Know Before and After Your Bank Renews Its D&O Insurance, Part 2
This week, we’re joined again by Lynda Bennett, Chair of the Insurance Recovery Group and member of the Executive Board at Lowenstein Sandler. With 25 years of experience, Lynda represents banks and other corporate policyholders on reviewing and negotiating the terms of D&O policies and other insurance policies, and litigating, negotiating, and resolving complicated disputes with insurers.
In this episode, Lynda provides extraordinary insight into how banks and their directors can successfully access their coverage; the importance of understanding the scope of the bank’s indemnification of directors and officers before the policy terms are finalized, how the definition of “claim” in the policy may affect coverage for regulatory investigations and other matters, how to properly and timely file and manage a claim, and how to negotiate the language in the policy without necessarily increasing the cost of the coverage.
Listen to episode 24 below or subscribe wherever you get your podcasts.
Thanks to our guest, Lynda Bennett.
Calling All Bank Directors is the podcast of the American Association of Bank Directors. AABD has been your advocate since 1989 and our podcast, hosted by AABD President David Baris, is designed to keep you well informed to help protect both you and your bank.