A unit of Warren Buffett’s Berkshire Hathaway Inc. has agreed to provide guarantees on XL Capital Ltd directors and officers (D&O) liability insurance policies that protect corporate boards and executives against lawsuits. In a regulatory filing, XL said Berkshire’s National …
Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and angry citizens outside their homes. It’s …
According to a report from Willis Group Holdings, “over the last three months, London market insurers reported an average premium reduction of eight percent on renewal business for the commercial sector’s Directors & Officers’ (D&O) liability.” In addition Willis said …
Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green can be profitable. The green building market is steadfastly …
A report from FINEX Global, Willis’ London-based Financial, Executive Risk and Professional Liability business, has found that financial institutions (FI) face “an average premium hike of 15 percent in early 2009, as insurance rates reflect a significant rise in claims …
“Concerns about the global economy, shareholder action, litigation, and the increasing engagement by regulators are fuelling demand for Directors’ and Officers’ (D&O) insurance,” according to Marsh’s London office. “FTSE 100 companies are buying 20 percent more D&O insurance than they …
Austin, Texas-based National Insurance Partners Inc. (NIP) has launched a broad form of directors and officers insurance coverage for independent directors of companies. X-PROTECT is offered in partnership with the Executive Liability Division of Great American Insurance Group. NIP, which …
A nonprofit organization set up to distribute donations from the New York Yankees to community groups in the Bronx has been sued by a lawyer who, until recently, was the fund’s administrator and spokesman. In a suit filed in a …
U.S. activist investors are seeking to oust board members at beleaguered banks whom they blame for helping cause the companies’ financial woes, setting the stage for drama at upcoming annual shareholder meetings. With their stock prices decimated over the past …
The South Financial Group has agreed to settle two lawsuits with shareholders and announced that former CEO Mack Whittle will retire from the South Carolina company’s board of directors. The settlement totals $500,000. The company says it will pay $300,000 …
