FDIC Is Probing Management’s Conduct in SVB, Signature Bank Failures March 28, 2023 By Stephanie Stoughton A top US banking regulator has launched investigations into managers’ conduct in the Silicon Valley Bank and Signature Bank failures....
Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand March 27, 2023 By Nate Raymond The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after...
Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings March 27, 2023 Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and...
Juul, Altria Face First Trial Over Claims of Marketing E-Cigarettes to Teens March 27, 2023 By Brendan Pierson E-cigarette company Juul Labs Inc. and its former largest investor, Marlboro maker Altria Group Inc., will face their first U.S....
Tesla Faces New Race Bias Trial From Employee Who Had $137M Verdict Cut March 27, 2023 By Daniel Wiessner A trial kicks off in San Francisco federal court on Monday to determine how much money Tesla Inc. must pay...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked March 27, 2023 By Susanne Sclafane Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in...
WCRI: Injured Workers’ Emergency Room Use Varies Widely by State March 27, 2023 By Jim Sams PHOENIX — Nearly a third of injured workers in Massachusetts sought treatment for strains and sprains in a hospital emergency...
Hyundai, Kia Warn 570,000 US Owners to Park Outside Due to Fire Risk March 27, 2023 By David Shepardson Hyundai and Kia are recalling just over 570,000 U.S. vehicles over fire risks and urged owners to park outside and...
Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry March 24, 2023 By Chris Prentice and Hannah Lang Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler...
Banks, Financial Industry Hit by Rising Ransomware Attacks March 24, 2023 By Andrew Martin Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made...