directors and officers insurance News
Insurers Overwhelmed by Demand for D&O Coverage for Reverse-Merger Companies
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 ...
New UK Rules Could Make Company Directors Personally Liable for Financial Statements
Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britain's finance ministry next week to improve corporate behavior, ...
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
COVID-19 Accelerates D&O Transformation Already Underway
Rates for the struggling Directors and Officers insurance market jumped by 44 percent in the 2020 first quarter. Expect that market hardening trend to continue for some time, with increases likely to ...
Oil Companies Are Paying Big to Bolster D&O Coverage
The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew ...
McDonald’s Accused in Class Action Suit of ‘Pervasive Sexual Harassment’
McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment. The ...
D&O Insurers Face Challenges as Company Bosses Deal With Coronavirus Legal Claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which ...
Tesla Loses Effort to Block Lawsuit Claiming Racism at California Factory
A federal judge rejected Tesla Inc's effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a ...