What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity April 19, 2023 By Dan Beatty and Erin Zimmerman Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis March 14, 2023 By Robert Burnson Amgen Inc. misled investors about its financial health by failing to reveal that it may be on the hook for...
Lawsuit Dismissed Over McDonald’s Board’s Severance Pay to Fired CEO March 2, 2023 By Tom Hals McDonald’s Corp’s board cannot be sued for allowing former CEO Steve Easterbrook to keep tens of millions of dollars when...
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms February 16, 2023 Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges February 1, 2023 By Bob Van Voris The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme January 5, 2023 A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its...
U.S. Sues AmerisourceBergen, Says Distributor Helped Ignite Opioid Epidemic January 3, 2023 By Jonathan Stempel, Nate Raymond and Gram Slattery The U.S. government filed a lawsuit accusing AmerisourceBergen Corp., one of the nation’s largest drug distributors, of helping ignite the...