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Three environmental groups are questioning whether insurers would cover oil and gas executives in lawsuits that accuse them of deliberately misleading the public about the impacts of climate change.
Directors and officers are often protected against making "misstatements" to shareholders through D&O insurance policies. William Passannante, a lawyer with Anderson Kill who tracks insurance law, said it's likely that an oil and gas executive who deliberately misled the public about the impacts of his company's emissions would be protected by a D&O policy."In a classic sense, those sorts of claims would probably be covered," Passannante said. "It's supposed to be exceptionally broad."Read the full text: Enviros question if insurers will cover climate risks to executives


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