West Virginia Investment Management Board Loses $643 Million

The West Virginia Investment Management Board has lost hundreds of millions in the last year and this only highlights the challenges faced by the trustees of large public pension and other fiduciary funds who have to navigate through this challenging environment.

Click here to read the full story on Advisen

Important Allocation Case in Delaware

John Paul Sutrich at ARI Risk Management told me about this case yesterday and now its on Advisen. A real blow to insurers using "allocation language" to force insureds to negotiate on defense costs before a case is resolved.

See Advisen Story: http://fpn.advisen.com/articles/article81238054-546578096.html

While the soft market for pricing and coverage on D&O continues the pain for insurers on cases still working their way through the legal pipeline makes one wonder how profitable this line of coverage is for them? Only time will tell.