Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge January 8, 2025 By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400...
Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits November 4, 2024 By John Kruzel The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to...
Markets/Coverages: WTW Launches Global D&O Excess Facility Called ‘A-Star’ November 14, 2023 Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new...
Basketball Hall of Fame and Chubb Insurer Hit the Court Over D&O Coverage September 20, 2022 By Andrew G. Simpson The Basketball Hall of fame (BHoF) is suing Chubb Group subsidiary Federal Insurance Co. to have the insurer defend and...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Startup MGA Rising Edge Targets Low-Layer D&O Business February 24, 2022 By L.S. Howard The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent...
Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal January 7, 2022 By Ellen Milligan and Charlotte Ryan Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...
Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill January 4, 2021 By Andrew G. Simpson Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business...
2022 Risk Watchlist for Directors & Officers Is Full: Insolvencies, Litigation, ESG, Cyber… January 3, 2021 Corporate board members and company executives have a lot to worry about these says and can be held liable for...