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OakBridge Newsletter - InSights


InSights is a newsletter written and published by OakBridge approximately every four to six weeks (or more frequently as events demand). Each issue is devoted to a single topic related to the field of Executive Liability Insurance.



Please enjoy the
May/June 2009 InSights issues:

InSights - The Growing Number of Bank Failures and the D&O Insurance Marketplace


In what has become a weekly ritual as 2009 has progressed, each Friday evening after the close of business, the Federal Deposit Insurance Corporation (FDIC) announces the names of the banks it has taken over for that given week. As of May 28, 2009, the number of year-to-date bank closures stands at 36, which exceeds 2008’s year-end total of 25 and already represents the highest annual total since 1993, the end of the last era of failed banks. All signs are that the number of bank failures will continue to grow in the months ahead, a prospect that is affecting the D&O insurance marketplace, even for smaller community banks.

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