Tag: Chubb

2020 January Q&A: Are Board Members Qualified to Approve Insurance Policies? By Alex Seaman

Q. If unit-owner insurance policies are supposed to be approved by a co-op board, what assurances are there that the individual board members have the necessary technical background in this area to assess each policy? As a practical matte…

2011 August The ABC's of D&O By Lisa Iannucci

Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…

2007 Oct Discussing D&O Insurance By Lisa Iannucci

The board of directors runs on volunteers. They put in hours of unpaid time and effort into making sure your condo or coop runs efficiently and effectively. And then they make a mistake and wham! There is a lawsuit and suddenly they are bei…