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The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to "AI washing," or essentially making false claims about their use of artificial ...
Even over a holiday weekend, alerts were hitting the newswires in advance of Jan. 3—the deadline for shareholders of ON24 to apply for lead plaintiff status in a lawsuit against the online event ...
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. ...
Record premiums haven't been enough to reverse U.S. D&O insurers' underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for ...
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 ...
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 ...
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 ...
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip ...
Hartford Financial Services Group Inc. fired an executive after he made comments critical of Herbalife Ltd. to the media. William Kelly, who was a vice president at the Hartford, Conn.-based insurer, ...
A divergence in D&O insurance pricing in recent years, which saw carrier competition in excess layers driving overall policy premium drops as primary prices rose, may be starting to disappear, ...
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