Business Services Industry
National Insurance offers its Thai directors liability insurance coverage.
Knight Ridder/Tribune Business News, August, 2004
By Charoen Kittikanya, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Aug. 24--"With great power comes great responsibility," goes the old saying that has been popularised lately by the Spider-Man movies.
But where National Insurance is concerned, it would better if those with great responsibilities came with the appropriate liability coverage.
Mounting calls for good corporate governance have prompted the insurance arm of the National Financial Services (NFS) group to step up the promotion of directors' and officers' liability (D&O) coverage. It aims to raise D&O premiums to account for up to 10 percent of its portfolio within two years, from a tiny base at present.
"Thailand's D&O coverage is just in the early...
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