Update – October 2013
The recent FDIC Financial Institution Letter emphasizes the importance of the board of directors’ choice and understanding of D&O Liability coverage. It highlights the need for a bank board to base its choice on a “well-informed analysis of costs and benefits.”
It also stresses the need for the board to know the answers to such questions as:
- What exclusions exist in my institution’s D&O policy?
- Any new exclusions?
It would seem obvious that a bank board would need an objective, competent and professional analysis of its D&O policy. Bahr Consultants, Inc. can provide this analysis.
We have been providing this service to financial institutions for over 30 years. Give us a call (865-694-6098), email or fax (865-694-6098) to discuss how we can provide valuable assistance in this most critical time.