The market continued to harden in Q4 2019, according to The Council of Insurance Agents & Brokers’ quarterly Commercial Property/Casualty Market Survey. Respondents reported rising premiums for all account sizes and all lines of business, with the exception of Workers’ Compensation, a notable trend in previous Council surveys. Premium prices increased by an average of… Continue reading Market Continued to Harden in Q4 2019: CIAB Survey
Tag: D&O insurance
At the Crest of Climate Change’s Impact on D&O Claims
The pressure of climate change risks is growing. Changing weather patterns, wildfires, aridification, and water supply issues, to name only a few, continue to dominate global headlines. As the consequences of climate change increasingly manifest themselves, the business risks they pose are reaching into all sectors of the economy. For D&O insurers, the predicted issues… Continue reading At the Crest of Climate Change’s Impact on D&O Claims
SEC Proposes Amending Corporate Disclosure Rules
The U.S. Securities and Exchange Commission is proposing changes to rules governing how companies disclose financial information—the latest move by the regulator to give executives more flexibility in what they share with investors. The proposal, which has been released for public comment over the next 60 days, reflects the regulator’s general shift from strict guidance… Continue reading SEC Proposes Amending Corporate Disclosure Rules
Directors and Officers Insurance Prices Soar
Prices for directors and officers insurance, which covers people working as directors or officers of businesses or organizations, soared 70% in 3Q in 2019 compared with a year earlier, Aon says. The average increase was affected by three large companies – two in communications services and one in the consumer-discretionary industry – that faced large… Continue reading Directors and Officers Insurance Prices Soar
Harvey Weinstein on Trial: A #MeToo Reckoning Two Years in the Making
More than two years and a lifetime ago, Hollywood’s open secrets about Harvey Weinstein finally spilled into public view. Few back then could have predicted all that would follow or where the #MeToo movement would go. Now, for Weinstein, a reckoning is at hand: His criminal trial, on five felony counts, including predatory sexual assault… Continue reading Harvey Weinstein on Trial: A #MeToo Reckoning Two Years in the Making
Harvey Weinstein, Ex-Associates, Accusers Reach Tentative $47 Million Settlement
Harvey Weinstein, his former associates, insurers and accusers have reached a nearly $47 million tentative settlement of almost all the civil cases pending against him, about $25 million of which will compensate women who have accused the Hollywood producer of sexual misconduct, according to people familiar with the matter. Under the terms of the agreement,… Continue reading Harvey Weinstein, Ex-Associates, Accusers Reach Tentative $47 Million Settlement
Allianz Identifies Five Risk Trends for Directors and Officers in 2020
The range of risks facing company executives or directors and officers (D&Os) – as well as resulting insurance claims scenarios – has increased significantly in recent years. With corporate management under the spotlight like never before, a new report by insurer Allianz Global Corporate & Specialty (AGCS) highlights five mega trends that will have significant… Continue reading Allianz Identifies Five Risk Trends for Directors and Officers in 2020
Chubb and Clyde & Co Launch Emerging Multinational Management Liability Risks Report at FERMA
Chubb today published a new report on emerging directors and officers (D&O) risks and multinational insurance, created in collaboration with global law firm Clyde & Co. The report, Emerging Multinational Management Liability Risks, was launched at the FERMA Forum 2019 in Berlin, Germany. It analyses the current international management liability risk landscape and considers some… Continue reading Chubb and Clyde & Co Launch Emerging Multinational Management Liability Risks Report at FERMA
WTW Recognized by 2020 Women on Boards for Having 20% or More Corporate Board Seats Held by Women
Willis Towers Watson, a leading global advisory, broking and solutions company, has been named a Winning ‘W’ Company by 2020 Women on Boards for achieving at least 20% women on its corporate board before the year 2020. Winning ‘W’ Companies are cited in the 2020 Women on Boards annual Gender Diversity Index, which tracks the… Continue reading WTW Recognized by 2020 Women on Boards for Having 20% or More Corporate Board Seats Held by Women
Commercial Insurance Buyers Can Expect Sizeable 2020 Rate Increases: WTW
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to Willis Towers Watson’s Insurance Marketplace Realities. The report serves as a guide for North American insurance buyers preparing for upcoming insurance program renewals. While Willis Towers Watson reports that capacity is available in all but the… Continue reading Commercial Insurance Buyers Can Expect Sizeable 2020 Rate Increases: WTW