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The director and officer liability insurance industry was as surprised as everyone else by the recent options backdating scandal. D&O carriers had never previously considered improper option accounting, and therefore few, if any, D&O policies contained explicit provisions addressing options backdating.

The recent options backdating scandal has been instructive on a number of fronts.

There is little doubt that many of us are applauding the changes of the recent workers comp reform and its positive effect on the California business community. Be aware however, California Workers Compensation Applicant Attorneys are now increasingly turning their attention toward employment exposures that they have historically ignored.