Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North America. Coalition says its broker platform integrates real-time financial, regulatory, and …
A federal judge on Thursday rejected Wells Fargo & Co’.s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. bank has operated …
Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc. Landcadia had some powerful names behind …
The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …
AstraZeneca PLC was sued by a pension fund on behalf of investors who it says suffered losses because of flaws in the company’s testing of its coronavirus vaccine. For much of last year, the Cambridge, England-based pharmaceutical company was touting …
Two Oklahoma lobbyists have agreed to pay $115,000 in penalties as part of a settlement announced by the Oklahoma Ethics Commission. The settlements by the commission were reached with lobbyists James Milner and James McSpadden, who both served as treasurers …
A Flint business owner is accused of illegally discharging nearly 48 million gallons of waste from landfills into the city’s wastewater system from 2007-15. The waste included a chemical from a family of chemicals known to be hazardous to human …
While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead. Rising insolvency exposures, growing cyber security threats and persistent …
The Securities and Exchange Commission said it has settled charges against The Cheesecake Factory Inc. for misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The SEC said the action is its first …
U.S. Supreme Court justices on Tuesday appeared wary of barring lawsuits against American companies over alleged human rights abuses abroad but signaled they could toss out a case accusing Cargill Inc. and a Nestle SA subsidiary of knowingly helping to …
