Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …
Greenpeace and an environmental coalition including 12 Italian citizens are suing Italian energy company ENI, accusing it of knowingly contributing to climate change. The complaint names ENI as well as its two biggest shareholders, the Italian Economy Ministry and the …
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. Aon’s Quarterly D&O …
In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills increase at all. And many will …
Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years …
At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers Watson (WTW) and Clyde & Co, a …
Adidas AG was sued by investors who claim the German sports giant knew about risks of its partnership with the rapper known as Ye long before his anti-Semitic comments were made public. Adidas in October cut ties with Ye, formerly …
A victim of Jeffrey Epstein asked a judge to let her represent more than 100 other women in a lawsuit alleging that JPMorgan Chase & Co. facilitated their abuse by the late financier. A second victim filed an almost identical …
First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest rates threatened its business model by prompting an exodus of deposits. The lawsuit filed late Monday in San Francisco federal …
Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies covering company executives, according to digital business insurance platform Embroker. The company analyzed real-time …
