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2 Jan 2018, 5:08 pm by Kevin LaCroix
The result has been that the public company D&O insurers now generally insist on a separate retention for M&A litigation (usually set as high as $1 million or more), in order to reduce the chance of high frequency deal-related litigation producing significant D&O insurance loss costs. [read post]
6 Dec 2017, 5:17 pm by Kevin LaCroix
How many of these lawsuits we might see is an interesting and important question for companies and their D&O insurers alike. [read post]
24 Jul 2017, 5:10 pm by Kevin LaCroix
The insurer denied coverage and the company filed a lawsuit against the insurer. [read post]
28 Dec 2016, 6:07 am by Kevin LaCroix
  Readers of this blog will be interested to note while the company itself is contributing $54 million to the settlement, the remaining $46 million of the settlement amount is to be funded by the company’s D&O insurance. [read post]
5 Jul 2016, 4:00 am by The Public Employment Law Press
JonesLabor and Employment Law, Government and Administrative Law, Insurance Law Supreme Court of Texas McDonnell v. [read post]
16 Jun 2016, 2:48 pm by Kevin LaCroix
Marsh, who had been with Morgan Stanley since 2008, was quickly fired and ultimately charged criminally for his theft of Morgan Stanley client data. [read post]
20 Apr 2016, 5:34 pm by Kevin LaCroix
  Cyber Insurance Does not Cover Hacking into Vendor’s Computer System   In Kraft Chemical Company, Inc. v. [read post]
13 Apr 2016, 4:55 pm by Kevin LaCroix
”   The NIST Cybersecurity Framework is intended to provide companies, including law firms, with a set of industry standards and best practices for managing their cybersecurity risks. [read post]
14 Mar 2016, 2:56 am by Kevin LaCroix
National Union Fire Insurance Company of Pittsburgh, PA,[5] the court held that in order for there to be coverage under a fidelity bond, the losses must follow immediately from the employee’s conduct. [read post]
9 Dec 2014, 10:38 am by Kevin LaCroix
  o   The IRT must clearly delegate authority (who does what), and establish sustainable, open lines of communication and workflow (who reports to whom). [read post]
24 Sep 2014, 3:16 pm by Malik W. Ahmad
(h) All fire engines, hooks and ladders, with the carts, trucks and carriages, hose, buckets, implements and apparatus thereunto appertaining, and all furniture and uniforms of any fire company or department organized under the laws of this State. [read post]