Press release content from Business Wire. The AP news staff was not involved in its creation. Insolvencies, Cyber Threats and ESG Scrutiny Drive 2021 Risks for Directors and Officers: Allianz December 15, 2020 GMT NEW YORK--(BUSINESS WIRE)--Dec 15, 2020-- The Covid-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for directors and officers (D&O) as well as exacerbating the situation in an already strained D&O insurance market, according to the new report Directors and Officers Insurance Insights 2021 ADVERTISEMENT Rising insolvency exposures, growing cyber security threats and persistent securities class action activity are among the key risks for which D&Os of companies could be held liable. In 2021, companies also need to be on guard against “event-driven litigation” which can be caused by different triggers such as inaction on diversity, poor sustainability performance or for underestimating or misrepresenting Covid-19 related risks.