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...
Tesla Directors Pay $735M to Settle Shareholder Lawsuit Over Excess Compensation July 18, 2023 By Tom Hals Tesla Inc.’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of...
Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal July 17, 2023 A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case July 13, 2023 By Bob Van Voris A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the...