Assess whether prior-acts and notice issues make D&O unbindable as submitted

Situation

Treaty and Excess work in a public company D&O tower in a securities-class-action cycle now turns on prior-acts and notice issues because a fleet fatality in the last 90 days put D&O claims-made notice and prior-acts history in play. Fleet auto renewal underwriter should say what D&O claims-made notice and prior-acts history proves.

Decision

Fleet auto renewal underwriter in a public company D&O tower in a securities-class-action cycle must choose Bind / Restrict / Decline / Hold using D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days.

Hypotheses to test

• The population in D&O claims-made notice and prior-acts history is the one a fleet fatality in the last 90 days named, so Bind follows for this Treaty and Excess file.
• The population in D&O claims-made notice and prior-acts history is adjacent only to a fleet fatality in the last 90 days; Restrict is the honest Insurance Underwriting call.
• A public company D&O tower in a securities-class-action cycle already contained a fleet fatality in the last 90 days before D&O claims-made notice and prior-acts history arrived; no new Treaty and Excess path.
• Provenance on D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days is broken; do not pick Bind or Restrict yet.

Analysis required

• Test exposure, limits, and endorsement language in D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days.
• Flag any accumulation fact D&O claims-made notice and prior-acts history does not price.
• Compare treaty versus facultative treatment for the risk prior-acts and notice issues names.
• For this Insurance Underwriting Treaty and Excess file, read D&O claims-made notice and prior-acts history against a fleet fatality in the last 90 days and write the one fact that would move prior-acts and notice issues for fleet auto renewal underwriter.

Recommendation

Choose Bind / Restrict / Decline / Hold on this Insurance Underwriting / Treaty and Excess packet (D&O claims-made notice and prior-acts history after a fleet fatality in the last 90 days). The follow-on Treaty and Excess action is what fleet auto renewal underwriter does next: implement the option, assign an owner, and log the missing fact.