US financial services firm State Street Corp’s decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors’ and officers’ (D&O) insurers offering defence costs coverage.
US financial services firm State Street Corp’s decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors’ and officers’ (D&O) insurers offering defence costs coverage.