Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies March 11, 2021 Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims March 1, 2021 By Janice Kew Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims...
UK Company Directors Could Become Personally Liable for Financial Statements February 8, 2021 By Huw Jones LONDON – Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s...
UK Fines MT Global $32 Million for Money Laundering Breaches January 8, 2021 Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money...
Brazil Petrochemical Company Braskem Settles Lawsuits over Sinking City for $1.75B January 4, 2021 BRASILIA – Brazilian petrochemical company Braskem SA said on Wednesday it reached a 9.1 billion reais ($1.75 billion) deal to...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem November 24, 2020 By Michael Leonard and Jef Feeley Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion...
Praedicat Develops Insurance Tool for COVID-19 Liability November 23, 2020 Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which...
Apple Faces Shareholder Class-Action Suit over CEO’s China Sales Comments November 6, 2020 By Jonathan Stempel Apple Inc has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of...
Ex-Blue Bell Creameries CEO Kruse Again Charged in Deadly Listeria Case October 23, 2020 The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a...