According to Dan Barton, Managing Director of Professional Risks at Cooper Gay, the London-based independent wholesale, reinsurance and specialist retail insurance broker, “many international companies with subsidiaries spread across the globe do not have adequate controls in place to ensure …
LIU, the specialty lines division of Liberty Mutual Group, has filed its Private Advantage Company Combo policy for directors and officers as an admitted product in 47 states. LIU originally launched this product in 2008 to fill a coverage gap …
According to a report from Marsh’s London office, “European financial institutions are buying less insurance or decreasing their sums insured in an effort to reduce costs, despite an increase in claims notifications.” Marsh said the “while the tactic may have …
Chartis has launched Executive Edge, a policy developed by its Executive Liability Division to address the unprecedented risks facing directors and officers of public companies. Executive Edge provides coverage for public companies and the personal exposures of their executives. Executive …
Kara Altenbaumer-Price has joined USI Southwest in Dallas as director of Complex Claims and Consulting. Altenbaumer-Price comes to USI Southwest from the Corporate Compliance, Investigations and Defense group at Andrews Kurth LLP. Altenbaumer-Price will work with Steve Campo, MPS Practice …
Your client’s directors and officers liability policy is coming up for renewal. What can you expect from the market? Like the Dickens classic, this is a tale of two markets. The Best of Times For companies with little or manageable …
Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials have been sued by shareholders in two lawsuits related to fraud allegations brought by the federal government. In complaints filed in New York State Supreme Court in Manhattan, …
Austin, Texas-based Combined Agents of America LLC (CAA) members see a growing appetite among businesses and non-profits for directors and officers liability insurance (D&O), error and omissions insurance (E&O), and employment practices liability insurance (EPLI). According to CAA, many of …
A trust fund that invests in Massey Energy wants the board of directors and top executives held personally accountable for the recent explosion that killed 29 coal miners. The Manville Personal Injury Trust sued last week in Kanawha Circuit Court. …
After dominating securities litigation for three years, new securities lawsuit filings related to the global credit crisis all but disappeared in the first quarter of 2010. According to Advisen Ltd’s latest quarterly report on securities litigation, overall new securities lawsuit …
