Directors and officers face a slew of challenges on all fronts as businesses emerge from the COVID-19 crisis into a new risk environment.LitigationLiabilityExcess & Surplus Lines
That’s the view of Sridhar Manyem, director, industry research at A.M. Best, who presented on the subject at virtual RIMS LIVE 2021.
Among the biggest problems they will have to contend with coming out the pandemic, he said, are increased litigation stemming from sexual harassment and discrimination; social inflation; cyber risk; and environmental, social and corporate governance.
‘There may be light at the end of the tunnel as far as the pandemic is concerned,’ said Manyem.
‘Yet, we haven’t seen the end of directors and officers (D&O) lawsuits alleging companies misrepresented claims in industries such as life sciences, cruise ship operators and health care.’