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SPACs Face Challenges Buying D&O Cover: Can Captives Provide Right Solution?, Business Insurance

May 04, 2021

Morgan Lewis partner Jeffrey Raskin was quoted in Business Insurance in an article about how insurance policies can protect special purpose acquisition companies (SPACs). The article discusses the different insurance options available. “Regardless of which captive funding option is selected, using a proper actuarial study, implementing claims procedures, and following insurance accounting practices are critical to demonstrate that the captive should be treated as an insurance company,” Jeffrey said. The article also references the firm’s recent LawFlash on the topic.

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