The D&O Diary
- Court Holds Larger M&A-Related Retention Does Not Apply to Securities Claim 29 November, 2021Several years ago, when it became clear that plaintiffs’ lawyers were going to file merger objection lawsuits in connection with essentially every M&A transaction, the D&O insurers responded by adding a separate, larger retention for M&A-related claims. The larger M&A-related claim retention quickly became pretty much a standard feature of public company D&O insurance policies.... […]
- New York’s Highest Court Holds SEC “Disgorgement” Payment Not a “Penalty” 28 November, 2021In the latest development in the long-running saga involving the efforts by J.P. Morgan to obtain D&O insurance coverage for the $140 million “disgorgement” that its predecessor-in-interest, Bear Stearns, paid to settle SEC market-timing allegations, the New York Court of Appeals (the state’s highest court) has reversed the intermediate appellate court’s ruling that the payment... […]
- Sunday Arts: A Comment on the Aristocracy 27 November, 2021Editor’s Note: This installment of Sunday Arts reproduces a portion of a blog post originally published on May 10, 2010. The reference to Michael Lewis’s Vanity Fair article reminded me that a copy of his latest book, The Big Short, is languishing unread on my bookshelf. Rather than reading yet another account of our dysfunctional financial system,... […]
- Guest Post: Court Addresses Biometric Claims and Insurance Issues 26 November, 2021In an October 19, 2021 decision in Twin City Fire Insurance Co. v. Vonachen Services, Inc., the Northern District of Illinois, applying Illinois law, addressed key insurance coverage issues under the D&O and EPL coverage parts of a management liability insurance policy. In the following guest post, Peter Selvin reviews and analyzes the decision. Selvin... […]
- Guest Post: VW Dieselgate: Minority Shareholders File Suit Against D&O Settlement 24 November, 2021As I discussed in a blog post at the time, in June 2021 VW announced that a settlement had been reached in the D&O liability action that had been filed against the company’s executives in connection with the “Dieselgate” scandal. The settlement, which had an aggregate value of approximately $351 million, was approved by VW... […]
ICEA
- Publicación - Ranking de Multirriesgo Industrial. Entidades. Datos a septiembre 2021
- Publicación - Ranking de Multirriesgo de Hogar. Entidades. Datos a septiembre 2021
- Publicación - Ranking de Multirriesgo de Comunidades. Entidades. Datos a septiembre 2021
- Publicación - Crecimiento primas y pólizas de multirriesgos. A septiembre de 2021
- Publicación - Crecimiento primas y pólizas de Multirriesgo de Comercio. A septiembre de 2021
FM Global
- FM Global’s financial strength ratings affirmed by Fitch (‘AA’) and S&P Global (‘A+’) 29 November, 2021The rating affirmations reflect the commercial property insurer's strong capitalization and underwriting performance derived from the company's property risk engineering expertise.
- Building businesses’ climate change resilience 23 November, 2021To understand what climate resilience looks like, it’s vital to first appreciate what the impact of a changing climate might be, writes Adriano Lanzilotto, client service manager at FM Global
- Commercial property insurer FM Global spotlights six key facets of current global supply chain strain 18 November, 2021Six months after the release of the 2021 FM Global Resilience Index, which ranks the resilience of nearly 130 countries, nations’ supply chains and businesses are being tested like never before.
- Insurance needs analytics talent. But can it compete with big tech? 17 November, 2021As commercial insurance continues to work to recruit and retain talent, FM Global's sr. vp of data analytics, Pentti Tofte, says those companies with strong executive commitment to AI and data analytics are those more likely to win the day.
- FM Global donates US$300,000 to help organizations battling wildfires in the U.S., Canada and Australia 16 November, 2021In an effort to provide local disaster relief to regions battling wildfires, FM Global has donated US$100,000 to each of three organizations in the United States, Canada and Australia.
Loss Lessons – FM Global
- 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.
- Commercial property insurer FM Global on the 2020 Atlantic hurricane season: Records were shattered, more property was at risk 30 November, 2020JOHNSTON, R.I., USA—The official 2020 Atlantic hurricane season has ended, and here are seven takeaways from FM Global, one of the world’s largest commercial property insurers. Many records were broken. There were more named tropical cyclones this ...
- Protecting your property during a COVID-19 temporary facility shut down 8 May, 2020Will a company's property risks really increase if it idles a facility due to the pandemic? Brion Callori, FM Global's sr. vp, engineering and research, shares his insights in this podcast from the Lockton Companies.
Risk Management – FM Global
- Building businesses’ climate change resilience 23 November, 2021To understand what climate resilience looks like, it’s vital to first appreciate what the impact of a changing climate might be, writes Adriano Lanzilotto, client service manager at FM Global
- In ‘going green,’ companies can face surprising risks 15 November, 2021Like any major transformation, sustainability measures introduce risks businesses must manage and that also are above and beyond the climate-related financial risks regulators are already pressuring companies to disclose, says FM Global.
- Is your CFO an innovator? 12 November, 2021The best finance chiefs, like FM Global's Kevin Ingram, have moved from the back office to the pointed tip of the front office, evolving into data analysts, truth-tellers and strategic guides.
- FM Global discusses ESG-related challenges facing risk managers at virtual 2021 Advisen Property Insights Conference 3 November, 2021With critical issues facing the U.S. property insurance market today, FM Global will offer its insights on some of the key concerns of corporate leaders, risk managers and their organizations.
- Insurers warn risk managers not to expect market softening in coming renewals 14 October, 2021Loïc Le Dréau, FM Global managing director for southern Europe, shares his perspective on the transformation happening in the industry and how the pandemic has exposed particular vulnerabilities.
Meet Our Experts – FM Global
- 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
- Katherine Klosowski 9 January, 2020Areas of Expertise: Climate Change/Risk, Natural Hazards, Loss Prevention, Loss Mitigation
- 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
Rss
- BI Regional Update 29 November, 2021We have all closely followed the BI Test case launched by the FCA late 2020, with the final judgement having been handed down on 15 January 2021. The outcome was clear and far-reaching. The case highlighted the ongoing exposure of insurance brokers who arranged the relevant policies (who should have by now reassessed their advice […]
- Navigating the hard cyber market 29 November, 2021This session will look at the factors currently influencing the cyber market, and leading insurers to increase rates and tighten terms. It will give an insight in to claims trends, and how companies can best protect themselves; both from the impact of these changes, and from cyber risk more generally.OnlineThu 13 Jan. 2022 1:00 pm – […]
- Introduction to Engineering Insurance 29 November, 2021This introduction to engineering insurance session looks at the main covers and helps brokers and insurers identify key risk areas.OnlineTue 15 Mar. 2022 12:00 pm – 1:00 pm
- Essential Sales, Client and Soft Skills for a Hard Market 29 November, 2021This session overviews the best practice methodologies and skills that are particularly important in hard market conditions and that create the client and market relationships to enable the effective delivery of trading strategies.OnlineWed 23 Feb. 2022 12:00 pm – 1:00 pm
- The Dynamics of the Insurance Market cycle 29 November, 2021The first in our series of hard market sessions provides an understanding of how the insurance market cycle works, and the specific factors that drove this hard market.OnlineThu 20 Jan. 2022 12:00 pm – 1:00 pm
