Templar Specialty has expanded its executive and professional liability insurance offerings to include excess and A-side directors and officers (D&O) coverage for public companies.
The move builds on the company’s Executive and Professional Shield program, which was launched in 2022 and provides D&O, employment practices liability (EPL), fiduciary crime, and miscellaneous errors and omissions (E&O) insurance for the not-for-profit and private sectors.
Founded by industry veterans Matt Tusinski (pictured above) and Nick Denges, Templar Specialty offers executive and professional liability coverage on both a primary and excess basis.
The company’s policies can be written as stand-alone or combined into a single package with various limit and retention options. The Executive and Professional Shield program also includes a simplified excess form and a standalone A-side difference-in-conditions (DIC) policy.
Tusinski, Templar Specialty’s president and managing director, said that the expansion reflects the company’s commitment to its broker partners and its plans for growth in the executive and professional liability sector.
The expansion comes as businesses face evolving regulatory requirements, market volatility, and changes in global business practices. The number of securities class action filings has increased for the second consecutive year in 2024.
A NERA report noted that in 2024, there were 229 new federal securities class action suits, mirroring the number filed in 2023. This stability follows a previous increase from 206 cases in 2022 to 228 in 2023. The technology and healthcare sectors have been prominent targets, collectively accounting for over half of all filings in 2024.
There has also been a significant rise in cases involving artificial intelligence (AI). Filings related to AI more than doubled, from seven in 2023 to 15 in 2024. These lawsuits often accuse companies of overstating their AI capabilities, a practice termed "AI washing."
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