K&K Insurance has launched a new website offering directors’ and officers’ (D&O) coverage for not-for-profit organizations. The website offers online quoting and binding capabilities and provides an option to purchase coverage immediately when using a credit card. In response to …
Arch Insurance Group (Arch), a member of Arch Capital Group Ltd., has unveiled Arch Canopy Policy for Nonprofit Organizations. Nonprofit organizations are increasingly vulnerable to the expanding types of litigation which can have a devastating impact on an organization’s ability …
Lawyers for Texas financier Allen Stanford and two accounting executives who worked for him sought to distance their clients Friday from the alleged financial wrongdoing insurer Lloyd’s of London cites as a reason to void a policy covering their defense …
A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co. during the 2008 financial crisis and disclosures about Merrill’s losses and bonus payouts. …
The New York Times has reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation sell liability insurance for top-level team executives …
Laura Holt, the former chief investment officer for accused Ponzi schemer Allen Stanford’s financial firm, has reached a settlement with Lloyd’s of London over her defense fees, a federal judge said Tuesday. “Ms. Holt is not here,” U.S. District Judge …
Hewlett-Packard Co.’s directors have been sued by a Massachusetts pension fund that alleges they violated their fiduciary duties in connection with the abrupt departure of Chief Executive Mark Hurd, causing the company’s shares to fall. The shareholder derivative lawsuit accused …
ACE Bermuda International announced the enhancement of its CODA product, which provides personal asset protection for directors & officers in the UK, at the AIRMIC Conference. ACE explained that CODA provides the “broadest possible coverage for directors and officers where …
A fragile global economy, excess capacity in virtually every line of commercial insurance and last year’s below-average catastrophic losses combined to keep commercial insurance prices flat during the first quarter of 2010. This marks the fifth consecutive quarter of little …
Navigators Insurance Co. and Victor O. Schinnerer & Co., Inc. have launched a non-profit D&O program. Schinnerer will act as program administrator for Navigators. The admitted filing of this countrywide program is currently under way and 44 states, the District …
