#MeToo movement News

Lloyd’s Cracks Down on Drinking Culture in Market

Lloyd’s continues to tighten up its workplace rules by restricting people from entering Lloyd’s premises who are drunk or under the influence of drugs. The new rule, which was included in a market bulletin issued this week, comes on the …

Lloyd’s Will Name and Shame Sexual Harassers It Bans from Market: CEO

Lloyd’s of London will publicly name and shame anyone it bans from its insurance market for sexual harassment, according to Chief Executive Officer John Neal. “When we do see instances of bad behavior, and let’s hope they are infrequent, we …

Lloyd’s Forms Plan for Safe, Inclusive Working Environment After Harassment Reports

Lloyd’s announced “a robust plan of action to address reports of sexual harassment in the Lloyd’s market and create a safe and inclusive working environment.” The plan includes possible lifetime bans for perpetrators of sexual harassment. This set of actions …

Lloyd’s to Include Women on Governance Committee After Harassment Reports: Times

Lloyd’s of London plans to appoint women to its all-male nominations and governance committee to improve diversity and will convert the pub beneath its offices into a coffee shop in an attempt to phase out its drinking culture, the Sunday …

Lloyd’s Comments on Reports of Rampant Sexual Harassment in the Marketplace

In the era of #MeToo when the ills of sexual harassment are regularly in the news, a recent article published by Bloomberg Businessweek indicates that some men working in the London insurance market still haven’t gotten the message about appropriate …

CEO of UK Apparel Chain Resigns After Misconduct Allegations

Ted Baker Plc Chief Executive Officer Ray Kelvin resigned from the U.K. apparel chain amid an investigation of his conduct, becoming the latest male corporate leader to depart following allegations of behavior that was demeaning to employees. Kelvin, who founded …

Employees with Sexual Harassment Case Against Lehman Still Waiting

Sexist comments, lewd gestures — and worse. Allegations like these are sorely familiar in the #MeToo era. Only this time, they hail from what seems like Wall Street’s Dark Ages: back when Lehman Brothers was flying high. More than a …

Corporate Culture, Cyber Risk Are Top of Mind for D&O Underwriters

Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS) annual conference in San Diego. An audience poll at the …

Pension Trustees Seek Corporate Disclosure of Sexual Harassment Costs, Policies

A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem. “We don’t see how it could possibly be accretive …

7 Areas of Directors & Officers Liability to Watch in 2019

Risk management involves looking around the corner to spot future threats. When it comes to director and officer liability, the question is this: What’s on the horizon for directors and officers in 2019? Here are seven critical areas of risk …