“‘A commercial solution to the debtors’ product and general liability coverage requirements has been challenging to obtain with a third-party insurer. The debtors are therefore in the process of evaluating captive options to insure the debtors’ product and general liability risks,’ said attorneys for Stamford, Connecticut-based Purdue in the motion to maintain insurance filed in the U.S. Bankruptcy Court for the Southern District of New York.”Business Insurance
September 20, 2019
The inability in the market to secure insurance tells one story. The ability to secure insurance in hard markets tells a very different story.
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Reputation insurance: parametric indemnification, both affirming trust and reducing economic losses.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
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