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IDL Max®

IDL MAX® is “Side A” excess coverage enhanced with Difference In Conditions (DIC) to provide broad protection for directors of financial institutions in non-indemnifiable claims.  The non-rescindable policy makes first-dollar coverage available for independent directors in certain non-indemnifiable claims in which their traditional D&O policy does not respond due to (1) threatened or actual rescission of the underlying insurance policies, (2) wrongful refusal and/or financial inability of the underlying carriers to indemnify the insured persons, (3) denial of coverage by underlying carriers due to terms and conditions not contained in the more favorable IDL MAX® policy, or (4) underlying insurance policies do not pay because they are alleged to be part of the debtor’s bankruptcy estate.
Features and Benefits Back To Top
  • Follow Form Coverage responds upon the exhaustion of the underlying carriers’ policy limits
  • The Non-Follow Form Coverage responds to protect any DIC Event
  • Once triggered, the policy pays on a Side A basis even if the insured’s company is obligated to indemnify but fails to do so
  • Side A Coverage includes Excess Follow Form Independent Director Liability Insurance
  • Non-Follow Form Coverage for a DIC Event: threatened or actual rescission of the underlying policies; wrongful refusal by the underlying carriers to indemnify insured person; financial inability of the underlying carriers to indemnify the insured person
  • Explicit Side A Excess employment practices coverage
 
Marketing Materials Back To Top

Financial Institutions Overview Highlight Sheet

Executive Liability Value Proposition Highlight Sheet

Straight Talk on Escalating Risks for Officers and Directors in 2010
An article written by Lawrence Fine, Senior Vice President & Chief Technical Officer for Complex D&O/Fiduciary Claims, and Mark Curley, Senior Vice President for D&O Claims.

D&O Seminar - October 2009
Leading representatives from the insurance, risk management and securities litigation community came together to discuss regulatory and economic issues, market trends and challenges during the 2009 D&O Seminar Series. 

Claims Back To Top

We have assembled a seasoned team of claims professionals who are experienced in managing some of the highest-profile D&O, E&O, employment practices, fiduciary, crime and technology cases in the industry, for entities of all sizes and across most industries-from Fortune 500® companies to not-for-profit organizations; multinational corporations to privately-held enterprises.
 
Our centralized in-house operation, positioned adjacent to our underwriting colleagues, allows us to facilitate prompt case resolution and the best possible claim outcomes. We offer access to some of the nation's leading law firms specializing in the defense of securities, employment practices, fiduciary and technology claims. And in the toughest environment, policyholders can count on our aggressive litigation strategies to defeat even the most formidable plaintiff's attorneys.

To report a claim please contact us:
Tel: 888-602-5246
Fax: 866-227-1750
Mail: Domestic Claims
c-Claim for Financial Lines
175 Water Street, 9 Fl.
New York, NY 10038

To follow up on an existing claim:
Tel: 888-602-5246

Download a claim form for submission.

To request loss runs, contact Broker Services at 877-867-3783