corporate risks News

US Companies Say ESG Rules Are a Serious Barrier to EU Trade

US companies are adding their voice to the list of critics targeting ESG regulations in Europe. The American Chamber of Commerce to the European Union, whose members include Ford Motor Co., Exxon Mobil Corp. and Amazon.com Inc., is calling on …

Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge

Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its 650-page report, said …

Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime

The U.S. Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on companies who face allegations of wrongdoing. The …

Deere Retreats From Diversity Measures After Online Attacks

Deere & Co., the world’s top farm machinery maker, is pulling back from diversity measures in the face of conservative criticism, the second agriculture-related company in less than a month to bend to such pressure. Deere said on the social …

FTC Ban on Worker Noncompete Agreements Delayed by Judge

A federal judge delayed implementation of the US Federal Trade Commission’s near-total ban on noncompete agreements, the first salvo in the high-stakes legal fight over how much freedom workers should have to switch jobs within an industry. US District Judge …

Companies Downplaying DEI Executive Pay Goals

A growing number of America’s biggest companies are revising diversity metrics for executive pay, a possible sign that conservative-led attacks on DEI are weighing more heavily on corporate culture. A review of about 1,200 companies found that the proportion of …

Report: Corporate Risk Level Highest in 12 Years

Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of C-Suite decision-makers, in-house legal teams and general counsel, …

Willis Towers Watson Taps Marsh’s Willmott as Sales Leader for UK Corporate Retail

Willis Towers Watson announced the appointment of Adrian Willmott as sales leader for its Corporate Risk & Broking GB Retail business. Based in London, Willmott will be responsible for developing Willis Towers Watson’s integrated sales approach for the retail business …

ACE Enhances Excess Casualty Coverage for Middle Market Companies

ACE Group has expanded its range of excess casualty corporate risk coverages to provide more extensive protection to middle market clients. The enhanced offerings, available for businesses with revenues up to $1 billion, include ACE’s new AB Umbrella Form, a …

Marsh and Allied World Launch Coverage for Corporate Officers

Marsh and Allied World Assurance Co. have rolled out a new product to cover the costs associated with Responsible Corporate Officer (RCO) investigations and related enforcement actions. The product was designed to help life science, pharmaceutical and healthcare companies manage …