The North American subsidiary of a French chemical manufacturer and two senior staff members were indicted in connection with last year’s explosion at the Crosby, Texas, plant in the wake of Hurricane Harvey. Arkema North America, its CEO Richard Rowe …
Validus Specialty Underwriting Services Inc. announced the expansion of its product portfolio with an admitted, private company commercial directors and officers (D&O) policy. With broad coverage, the new form provides management liability protection for private company business leaders, Validus Specialty …
XL Catlin’s insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive crime, private equity / venture capital liability and investment management. “Spain’s …
Allianz Insurance, the UK subsidiary of Allianz SE Group, has refreshed its directors and officers proposition to offer broader coverage for businesses. The new and enhanced cover includes: Kidnap and ransom An employment practice helpline Protection for IT security / …
Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers Watson’s Commercial Lines Insurance Pricing Survey showed prices charged on …
Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of “unicorn” technology firms by the U.S. Securities and Exchange Commission (SEC) for potentially inflated valuations and misleading statements, both of which pose a …
Duke Energy Corp. agreed to a $27 million settlement of claims that directors wrongfully concealed their plan to fire Chief Executive Officer William Johnson just minutes after the company closed on its $13.7 billion merger with Progress Energy Inc. Duke …
Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases. …
American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the product launch, which …
Pen Underwriting Canada has launched a purpose-built, e-trading platform for directors and officers insurance, in response to broker demand for a quick-quote, competitive D&O solution. The platform is simple, straightforward and responsive – able to quote and issue a policy …
