If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …
News Corp. on Monday said it recovered a $139 million in insurance proceeds in a settlement with shareholders over the board of directors’ actions related to the company’s phone hacking scandal and its acquisition of Shine studios. The company said …
Corpedia and Corporate Board Member, NYSE Euronext (NYX) companies, and Marsh have entered into a strategic alliance to provide directors and officers with enhanced governance, risk and compliance resources. The alliance combines Corpedia, Corporate Board Member and Marsh’s resources in …
The directors and officers liability market continued to see price increases in 2012, with more private/not-for-profit organizations reporting rate increases than public organizations but, according to a new industry survey. Overall, the D&O marketplace is in a state of transition …
A Facebook Inc. shareholder filed a lawsuit over the largest social networking company’s botched initial public offering and is seeking to hold Chief Executive Mark Zuckerberg, directors and officers responsible for the damage. The lawsuit by Gaye Jones alleges that …
The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and acquisition activity is up, and many …
Dual Specialty Underwriters, LLC has launched a newinternational directors’ & officers’ liability (D&O) program aimed at foreign companies listed on U.S. securities markets through American Depository Receipts (ADR’s). Dual has partnered with Everest Reinsurance Co.(Everest Re) to offer this new …
Arch Insurance Group, a member of Arch Capital Group Ltd., has launched Arch Essential D&O, a primary policy specifically designed to protect directors and officers from the increasing risk exposures associated with today’s business challenges. In today’s legal and regulatory …
In the summer of 2011, Yahoo Inc.’s board decided enough was enough. Directors had seen the Internet giant’s stock languish, and the answers they got from Carol Bartz, chief executive at the time, fell short of their expectations. So, the …
Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook’s botched initial public offering. A panel of federal judges …
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