Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies
Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies By Katherine Chiglinsky and Jenny Surane | February 10, 2021 The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to ratchet up their prices and seek ways to control their exposure to SPACs — moves that are making it harder for blank-check firms to get started. ...
Source: insurancejournal.com