The Corporate Insurance Underwriting Process and Increasing Issues in Liability

Abstract

The insurance underwriting process for directors and officers is one that involves thorough research and analysis. This lengthy process is to ensure the best policy limits and coverage that an underwriter feels would be most appropriate for the risk the carrier takes on. Working at Arch Insurance Group this past summer, I was able to learn the process quite intimately, and witness the inherent risks and issues involved. In this paper, the tenets of a corporation that explain the risks and liability of a corporation are exposed and examined, leading to further issues brought about by an increasingly "claim-happy" society.