Monitor Liability Managers Offers New Independent Director Insurance Coverage
12 Dicembre 2007 - 2:15PM
PR Newswire (US)
Protects the Personal Assets of Individual Directors ROLLING
MEADOWS, Ill., Dec. 12 /PRNewswire/ -- Monitor Liability Managers,
Inc. (Monitor), a member company of W. R. Berkley Corporation
(NYSE:BER), announces the launch of a new Independent Director
Liability (IDL) Insurance policy that provides individual
protection to independent directors. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050901/CGTH055) The new IDL
policy, underwritten by Monitor on behalf of certain of W. R.
Berkley Corporation's insurance company subsidiaries, protects the
personal assets of an individual, independent director of a
publicly traded, privately held or nonprofit organization. Unlike
policies with limits shared across an entire board of directors, or
a group of independent directors, the IDL policy is written to
cover an individual. Each independent director may obtain his or
her own policy and limit of liability. According to Monitor's
Joseph Haltman, vice president -- underwriting, Directors and
Officers Liability, "It is not uncommon for the Directors and
Officers (D&O) limits covering a group of board members to
become exhausted defending, for example, an SEC claim. The IDL
policy offered by Monitor is dedicated to providing additional
wealth security and protection for the personal assets of the
individual, independent director. This policy may respond even in
cases when the D&O insurance purchased by an organization is
rescinded, its carriers become unwilling or unable to pay, or
assets of the organization are frozen in bankruptcy proceedings.
The IDL protection puts independent directors in greater control of
their own financial security." For more information about Monitor's
Independent Director Liability Insurance, please contact David
Aller at or (800) 446-2100, extension 502. Coverage under any IDL
policy is specifically governed by its terms and conditions. About
Monitor Liability Managers, Inc. Monitor Liability Managers, Inc.
is a member company of W. R. Berkley Corporation, operating
nationally as an underwriting management company specializing in
professional liability insurance. Monitor issues policies through
several W. R. Berkley Corporation insurance company subsidiaries,
including Admiral Insurance Company and Nautilus Insurance Company,
both rated A+ (Superior) by A.M. Best, and Carolina Casualty
Insurance Company, rated A (Excellent) by A.M. Best. Web site:
http://www.monitorliability.com/.
http://www.newscom.com/cgi-bin/prnh/20050901/CGTH055
http://photoarchive.ap.org/ DATASOURCE: Monitor Liability Managers,
Inc. CONTACT: Valerie Foster of Monitor Liability Managers, Inc.,
1-800-446-2100, ext. 637, Web site:
http://www.monitorliability.com/
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