The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. Opponents of the plan to cover former executives, …
Insential and American Safety Insurance have joined to offer a comprehensive management liability program for the hospitality industry. The product offers employment practices, directors and officers and fiduciary liability coverage as either a package policy or standalone. It is available …
The former treasurer of a Meridian, Idaho homeowners association is charged with embezzling more than $20,000 from the organization since 2006. The Idaho Statesman reported Tuesday that Kristy Jenkins is charged with felony grand theft. Jenkins lost her job as …
Argo Insurance, a member of Argo Group International Holdings Ltd. has introduced Private Playbook, a management liability package policy offering private companies access to various professional lines coverages, including directors and officers liability, employment practices liability, fiduciary liability and miscellaneous …
Ironshore Australia has enhanced its professional liability policies for defense cost coverage in response to the recent decision of the High Court of New Zealand. Ironshore Australia insurance solutions are tailored to provide affirmative defense cost coverage on policies that …
The ongoing financial crisis has claimed many victims over the past few years, but while banks and their depositors have been largely protected by taxpayer bailouts, the investment fund community, and the hedge fund industry in particular, has had to …
Officers and directors of failed Colonial BancGroup in Alabama, including Auburn University trustee Bobby Lowder and former Auburn football coach Pat Dye, have agreed to pay investors $10.5 million to settle a class-action suit. Terms of the proposed settlement were …
Investors objecting to Bank of America Corp.’s $8.5 billion settlement of claims over losses on mortgage-backed securities are seeking to send their dispute to federal court, potentially delaying a resolution of one of the beleaguered bank’s largest legal liabilities. According …
A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff’s firm for determining how to calculate investor losses, handing a defeat to so-called “net winners.” The trustee, Irving Picard, has argued that investor losses …
With executives from News Corp. and some of its subsidiaries heading for the exits, legal bills from the phone-hacking scandal rocking the company are no doubt stacking up. But depending on the companies’ directors and officers insurance coverage, News Corp. …
