Google parent company Alphabet’s board of directors cost the firm billions of dollars by covering up sexual abuse by senior executives and paying them millions as they were quietly ousted, a new lawsuit by a shareholder claims. Shareholder James Martin is suing the Alphabet board and senior executives, including two who allegedly received received huge… Continue reading Lawsuit Alleges Google’s Parent Firm Alphabet Lost Billions through Response to Sexual Harassment
Tag: D&O insurance
CorPro Expands Management Liability Coverages in AIG Program
CorPro Underwriting Managers (“CorPro”) today announced the availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (Directors and Officers, Employment Practices, Fiduciary and Crime insurance coverages) offered to SME businesses on a national basis on behalf of American International Group, Inc. (AIG). Since 2014, CorPro has partnered… Continue reading CorPro Expands Management Liability Coverages in AIG Program
Climate Change Report: A Burning Issue for Businesses and Boardrooms
Clyde & Co has published the first of three reports exploring the legal, commercial and liability risks that climate change creates for businesses and their boards. “Climate Change: A Burning Issue for Businesses and Boardrooms” looks at what is driving the heightened risk environment and how most companies are vulnerable to climate-related risks in some… Continue reading Climate Change Report: A Burning Issue for Businesses and Boardrooms
Cyber and Data Loss Overtake Regulatory Concerns as Top Priority Facing Senior Managers
Willis Towers Watson), in conjunction with Allen & Overy, has today launched its sixth annual Directors’ liability report – “D&O: Personal Exposure to Global Risk” which outlines the changing risk culture affecting senior management. According to the survey, cyber-attack and data loss/breach top the list of risks which are causing directors most concern. These risks… Continue reading Cyber and Data Loss Overtake Regulatory Concerns as Top Priority Facing Senior Managers
Commercial Insurance Market Shows Signs of Firming As Casualty Losses Mount
Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, while industry consolidation and technology advancements are creating new dynamics for insurance buyers to navigate, according to Willis Towers Watson’s 2019 Insurance Marketplace Realities. The report, published today, serves… Continue reading Commercial Insurance Market Shows Signs of Firming As Casualty Losses Mount
New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
New York’s attorney general sued Exxon Mobil on Wednesday, claiming the company defrauded shareholders by downplaying the expected risks of climate change to its business. The litigation, which follows more than three years of investigation, represents the most significant legal effort yet to establish that a fossil fuel company misled the public on climate change… Continue reading New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
California Becomes First State to Require Public Companies to Include Women on Boards
California has become the first US state to require companies to include women on their boards of directors after the state’s governor signed a bill into law. The measure requires at least one female director on the board of each California-based public corporation by the end of next year. It also requires companies with five… Continue reading California Becomes First State to Require Public Companies to Include Women on Boards
Alliant Acquires Zande Group
Alliant continues to strengthen its presence in the Midwest region with its acquisition of Zande Group. The Des Plaines, IL-based property and casualty insurance leader joins Alliant with a proven track record of success delivering customized risk and insurance solutions to businesses and individuals throughout the region. “Zande Group has a strong reputation throughout Northern… Continue reading Alliant Acquires Zande Group
Another Insurer Refuses to Pay for Harvey Weinstein’s Defense
Travelers Casualty and Surety Co. has become the fourth insurer to refuse to pay for Harvey Weinstein’s civil and criminal defense. The insurer filed suit on Friday in New York Supreme Court, seeking a declaration that it is not obliged to pay based on a series of policies issued to the Walt Disney Co. in… Continue reading Another Insurer Refuses to Pay for Harvey Weinstein’s Defense
SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla
U.S. securities regulators on Thursday sought to force Tesla Inc. Chief Executive Elon Musk out of the company he helped get off the ground about 15 years ago, alleging he misled shareholders when he tweeted he had funding for what would have been the largest-ever corporate buyout. The suit, filed by the Securities and Exchange… Continue reading SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla