Berkeley-PNB director Bill Crosier notified the local board in Houston that Pacifica’s directors and officers liability policy had been cancelled, with an extension for only 60 days, and a bankruptcy/insolvency exemption in effect for those 60 days. The last day the policy provided full coverage was August 11th. Insurance underwriters had been demanding audited financial statements for months. Crosier told his board (the only local one to date that has been informed): Continue reading The Day The Insurance Died →