With a new corporate failure or takeover in the news almost daily, this might be the time for in-house lawyers to think about liability insurance.
“It would be a little naive if we didn’t think the subprime wave and the credit crisis would at some point lead to GCs having targets on their backs,” said John C. Tanner, senior vice president and claims counsel for the financial services division of insurance broker McGriff, Seibels & Williams Inc. “We have seemingly financially solid companies facing financial crisis,” he said.
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