Dennis Gustafson
Managing Partner and Financial Institutions Practice
Coverage Options for Civil Money Penalties
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Written by
Dennis Gustafson
Managing Partner and Financial Institutions Practice
Dennis Gustafson is the Managing Partner and Financial Institutions Practice at The Baldwin Group. His specialties include Management Liability, Cyber Liability/Privacy, and more. A recognized figure in the banking industry, he’s been cited in major publications and was recognized by Risk & Insurance with the Power Broker of the Year award.
The Federal Deposit Insurance Corp. (FDIC) issued guidance saying banks should not offer coverage for civil money penalties under directors and officers (D&O) liability insurance policies. In this video, Dennis Gustafson of AHT Insurance advises how boards can modify their policies in order to stay in compliance and still cover defense costs.
WRITTEN BY
Dennis Gustafson
Managing Partner and Financial Institutions Practice
Dennis Gustafson is the Managing Partner and Financial Institutions Practice at The Baldwin Group. His specialties include Management Liability, Cyber Liability/Privacy, and more. A recognized figure in the banking industry, he’s been cited in major publications and was recognized by Risk & Insurance with the Power Broker of the Year award.