Norfolk Southern Says CEO Under Investigation for Alleged Ethical Lapses September 11, 2024 By Josh Funk Norfolk Southern’s CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday. A spokeswoman for the...
CrowdStrike Is Sued by Shareholders Over Huge Software Outage August 1, 2024 By Jonathan Stempel CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon July 30, 2024 The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter,...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024 May 20, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024. According...
Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’ April 25, 2024 By Chad Hemenway According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania January 31, 2024 By Bailey Lipschultz At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years...
Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson January 31, 2024 By Chad Hemenway The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled...
As DEI Comes Under Legal Attack, Companies Alter Their Programs January 17, 2024 By Alexandra Olson, Haleluya Hadero and Anne D'Innocenzio Sophia Danner-Okotie’s has ambitious plans for her Nigerian-inspired clothing line but a sense of dread has punctured her optimism as...
Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door December 14, 2023 By Chad Hemenway While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from...