Troubled indemnity
Following the recent 'black hole' accounting scandals at Enron and elsewhere, auditors' professional liability cover has become extremely hard to secure. Marcus Alcock reports on the variety of proposals on the table - from liability caps to disclaimers - aimed at making the profession more insurable
Liability insurance is a testing area at the best of times. And for those underwriters working in the area of auditors' liability, the last couple of years have been dramatic.
Following the collapse of
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