directors and officers liability insurance News
Wells Fargo Admits Discovery of 1.4M Additional Bogus Customer Accounts
Wells Fargo & Co will refund nearly 2 million more customers for charges they should not have incurred after expanding a review of improper sales practices, the third-largest U.S. bank said on ...
Wells Fargo Accused of Charging Improper Mortgage Fees in Proposed Class Action Lawsuit
A homeowner has filed a proposed class action lawsuit accusing Wells Fargo & Co of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications ...
Another Wells Fargo Snafu: It May Have Harmed Customers by Closing Real Accounts
After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real ...
Wells Fargo Will Fork Over $108M to Settle Lawsuit Over Veterans’ Loans
Wells Fargo & Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees ...
Harassment Probe Leads Uber to Fire 20 Employees
Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ...
New York’s New Cyber Regulation Could Impact D&O Liability Coverage
While the full implications of the New York State Department of Financial Services' (DFS) cybersecurity regulation, which went into effect March 1, are still being realized by the insurance industry, ...
Wells Fargo Investors Urged to Unload Most Board Members Over Fake Account Scandal
Wells Fargo & Co. shareholders should vote to remove most of the bank's board members after they failed to provide "timely and sufficient risk oversight" to head off a scandal involving the ...
Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas
Andrew Fastow, former chief financial officer of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers ...