Insurance Pool Formed
| November 17, 1986
WASHINGTON-A group of biotechnology companies have agreed to form a captive insurance plan to help them cope with the rising cost of liability insurance. The captive plan will give participating companies both product liability and directors and officers' coverage, explained Jeffrey Gibbs, associate general counsel for the 175-member Association of Bio technology Companies. It will provide the 24 companies now interested in the plan with an aggregate limit of $2.5 million in liability coverage,





