This has been dubbed “the year of the SPAC” with exponential growth in the number and value of blank-check companies going public and merging with well-known targets, Bloomberg reports. But the cost of D&O insurance coverage for SPACs jumped this fall and created a perfect storm of eye-popping insurance premium pricing and a constriction in coverage availability and terms. Read more.
Bloomberg: How SPAC Exuberance Led to Perfect Storm in D&O Insurance
