Truck Engine Maker Cummins to Pay Record $1.675 Billion US Environmental Fine December 28, 2023 By David Shepardson Truck engine maker Cummins Inc. has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds...
Top Insurance Journal D&O Stories of 2023 December 28, 2023 By Allen Laman Million-dollar court cases, expert predictions and in-depth market analysis — Insurance Journal’s top-read directors and officers insurance stories in 2023...
SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023 December 27, 2023 By Jonathan Randles and Amelia Pollard Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic,...
Markets/Coverages: McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension November 20, 2023 McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme...
AIG Continues to Take Cautious Approach to Excess D&O in North America November 3, 2023 By Chad Hemenway Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in...
Australian Companies Face New Liability for Nature-Based Risks November 2, 2023 By Amy Bainbridge Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to...
Whistleblower Says Southern Co. Should Repay $382M for Failed Clean Coal Plant November 1, 2023 (AP) — A former employee is suing to force a Mississippi utility to repay $382 million that the federal government...
US Supreme Court Takes Up Case Over Corporate Trend Disclosures September 29, 2023 By Jody Godoy The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a...
US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing September 20, 2023 By Stefania Spezzati U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as...
Sweden’s Ericsson Sued by 37 Shareholders for $170M: Media Report August 7, 2023 Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined 1.8 billion Swedish crowns ($170 million), saying its...