The D&O Diary
- Singapore, Again. (Finally.) 28 September, 2022The D&O Diary is on assignment in Asia this week, with the first stop on the itinerary in the equatorial city state of Singapore. It was great to finally be back in Singapore after a three-year pandemic-caused hiatus. It was also great to see this dynamic attractive city again and to enjoy its many colorful... […]
- The “What to Watch” Podcast 22 September, 2022I hope many readers saw and read my recent post “What to Watch in the World of D&O.” A few days ago I recorded a podcast as part of the Rising Edge Ltd’s podcast series in which I discuss several of the themes raised in the “What to Watch” post. In the podcast recording, I... […]
- Updated DOJ Corporate Enforcement Policies Emphasize Individual Accountability 21 September, 2022In a September 15, 2022 speech, Deputy Attorney General Lisa Monaco announced new Department of Justice guidelines for prosecutors to use when assessing corporate criminality. Although the new guidelines address several issues, the primary focus of the guidelines is on individual accountability. Monaco emphasized at the outset of her speech that “the Department’s number one... […]
- Will Corporate and Securities Litigation Follow SEC Adoption of Climate Disclosure Guidelines? 20 September, 2022As I discussed at the time (here), in March 2022, the SEC published proposed climate-related disclosure guidelines. The agency’s proposal is now in the public comment period, and it remains to be seen in what form the guidelines will be put into effect. However, it seems probable that that the guidelines will be implemented in... […]
- Capital One Data Breach-Related Securities Suit Dismissed 19 September, 2022Readers of this blog know that in recent years, plaintiffs’ lawyers have filed a number of D&O lawsuits against companies that experience cybersecurity-related incidents. Overall, the plaintiffs’ track record on these cases is at best mixed, and a number of high-profile cases have been dismissed. In the latest example of the dismissal of a cybersecurity-related... […]
FM Global
- Companies that mention hurricane damage in their 10-Ks see their stocks fall 5% in the following year 28 September, 2022When it comes to publicly-traded companies, 2019 research commissioned by FM Global still holds true, linking hurricane damage to a loss in market value.
- FM Global announces new executive leadership appointments in Asia Pacific region 7 September, 2022FM Global has promoted three of its seasoned leaders within the company to new APAC-based roles.
- FM Global names Ziad Alex S. Tadmoury to head its global middle market division, AFM 7 September, 2022Tadmoury was previously senior vice president and FM Global’s Asia Pacific division manager based in Singapore.
- R.R. Donnelley President and CEO Thomas J. Quinlan III elected to board of directors of FM Global 18 August, 2022Mr. Quinlan brings significant experience leading and growing major business-to-business companies like those that many of FM Global’s client-owners operate.
- FM Global allocates US$300 million, first-of-its-kind ‘resilience credit’ to help policyholders proactively invest in climate resilience 8 August, 2022The credit has the potential to help those organizations reduce total loss expectancies related to wind, flood and wildfire exposure by more than US$120 billion.
Loss Lessons – FM Global
- Calculating the (not so) hidden cost of living on the coast 13 June, 2022Dr. Louis Gritzo, head of scientific research at FM Global, discusses why the trend of people flocking to coastlines to live and to work poses a challenge to financial resilience around the globe.
- Tornado Alley may be moving east, placing billions in business and supply chains at risk 14 December, 2021Following the tornadoes that struck the Southern U.S., an area critical to U.S. supply chains, FM Global's Katherine Klosowski explains how affected businesses can rebuild their facilities stronger and more resilient.
- Mitigating flood risks in the era of climate change 28 August, 2021While it’s not possible to explicitly say that climate change was the cause of recent damaging floods in Belgium, Germany and China, it’s likely that a changing climate is affecting the probability of these events occurring, says FM Global's Paolo Larentis.
- Four ways accurate values improve the dialogue between policyholders and insurers 23 August, 2021For the past several years, industry-wide insured losses have shown a wide variance between reported insurance values and the values measured at the time of loss. FM Global's Jeff Beauman discusses this alarming trend and why accurate insurance values are needed.
- Video: The BI interview with Katherine Klosowski of FM Global 5 May, 2021Katherine Klosowski, who manages natural hazards and structures engineering at FM Global, discusses how risk managers can get to grips with the risks of climate change.
Risk Management – FM Global
- Companies that mention hurricane damage in their 10-Ks see their stocks fall 5% in the following year 28 September, 2022When it comes to publicly-traded companies, 2019 research commissioned by FM Global still holds true, linking hurricane damage to a loss in market value.
- FM Global allocates US$300 million, first-of-its-kind ‘resilience credit’ to help policyholders proactively invest in climate resilience 8 August, 2022The credit has the potential to help those organizations reduce total loss expectancies related to wind, flood and wildfire exposure by more than US$120 billion.
- Insurer spurs companies to mitigate climate-related risks 7 August, 2022FM Global is taking the innovative step of providing its policyholders what it calls a “resilience credit” totaling about US$300 million, as concern mounts worldwide that climate-related catastrophes are becoming more frequent and severe.
- Managing the rising tide of flood risk in Asia 22 July, 2022FM Global’s Yong Seek Ying discusses the rise of flood risk in Southeast Asia, the detrimental impacts of flooding on businesses, and the importance of building climate resilience in the face of climate change.
- Transition to renewables: Balancing opportunity and risk 20 July, 2022As Australia navigates the path to a clean energy future, mitigating risk is an essential part of the process, according to Mike Hunneyball, operations chief engineer at FM Global.
Meet Our Experts – FM Global
- Jessica Waters 27 April, 2022Areas of Expertise: Climate Change/Risk, Natural Hazards, Loss Prevention, Loss Mitigation
- Kevin S. Ingram 4 August, 2021Areas of Expertise: CFO Issues, Finance, Risk Management, Analytics, Business Process Improvement
- Wade Chmielinski 15 June, 2021Areas of Expertise: Cyber Security, Cyber Hazards, Cyber Risk, Cyber Defense, Industrial Control Systems, Physical Security
- Sanjay Chawla 9 January, 2020Areas of Expertise: Investment Strategy, Investment Trends, Pension Assets, Asset Allocation, Global Markets
- Sonserae Toles 9 January, 2020Areas of Expertise: Diversity and Inclusion, Human Resources, Talent Management, Executive Recruiting
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- A plain English overview of contractors insurance 28 September, 2022From small builder to plumbers through to large building firms there are an increasing number of contractors needing insurance often due to the fact that building firms now take on contractors rather than employees. These contractors need professional guidance on their insurance needs and this presentation will outline the main factors to be taken into […]
- Setting correct property, stock and contents sums insured in a high inflation world. 28 September, 2022It is estimated that at least 80% of policies have incorrect sums insured! This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoid the under-insurance trap. Under insurance has been made considerably worse now that we are seeing UK inflation go into double […]
- IF1 Bitesize a three hour overview 28 September, 2022The course will look at the best exam techniques to use to pass IF1. We will explore: • The different types of risk, • The U.K. market place • The six insurance principles of insurable interest, duty not to misrepresent/ fair presentation of risk, indemnity, proximate cause, subrogation and contribution • The legal and regulatory […]
- Nick Thomas & Associates - Demystifying Alternative Risk Transfer webinar 28 September, 2022Our October webinar, presented by Nick Thomas & Associates, is at midday on Wednesday 19 October 2022.Wed 19 Oct. 2022 12:00 pm – 1:00 pm
- Webinar - Consumer Duty and the impact on claims handling 28 September, 2022Lunchtime webinar with Nick Thomas of Nick Thomas Associates. Consumer Duty and the impact on claims handling The FCA is determined to establish a consistent level for customer experiences and create better customer outcomes. The new rules come into force on the 31 July 2022 and will be fully implemented by the 30 April 2023. […]
