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...
FTX’s Bankman-Fried, Celebrity Promoters Sued by Crypto Investors November 16, 2022 By Jody Godoy U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging...
Elon Musk Trial Opens to Decide Fate of His $56B Tesla Pay November 14, 2022 By Tom Hals A trial opened Monday over shareholder allegations that Tesla Inc Chief Executive Elon Musk’s $56 billion pay package was rigged...
D&O Pricing Falls 14.7% in Q3, Breaking 17-Quarters of Pricing Increases: Aon November 10, 2022 By Jahna Jacobson Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s...
New SEC Disclosure Rules May Drive Up D&O Claims November 10, 2022 By Jim Sams SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may...
Insuring Cannabis Summit: Experts Answer Social Media’s Toughest Questions November 9, 2022 By Don Jergler “What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says September 2, 2022 Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new...
Starbucks Executives, Directors Are Sued Over Diversity Policies September 1, 2022 By Jonathan Stempel Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to...
SEC Changes Whistle-Blower Award Rules to Boost Tipster Payouts August 29, 2022 By Matt Robinson The US Securities and Exchange Commission changed its whistle-blower rules to give the agency more leeway to pay out hefty...
U.S.-Listed Companies Will Have to Disclose How CEO Pay Stacks Against Firm Performance August 26, 2022 By Katanga Johnson Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of...