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...
Catholic Nuns Sue Smith & Wesson to Halt its Assault-Style Weapons Sales December 6, 2023 By Tom Hals A group of Catholic nuns have sued the board of Smith & Wesson to try to force the gunmaker to...
US SEC Enforcement Collected Nearly $5B in Financial Remedies Last Year November 15, 2023 By Chris Prentice The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering...
FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit November 9, 2023 By Chad Hemenway Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried...