Tag Archives: liability

Survey results show uptick in liability concerns for U.K. Directors

The results of our fifth annual survey of directors’ liabilities, which we run together with international law firm Allen & Overy, are now available. We’ve looked not only at the risks and exposures facing business leaders, but also at how … Continue reading →

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

Insider trading enforcement concerns rise on Supreme Court decision

In a ruling on Tuesday, December 6th, in Salman v. United States, the United States Supreme Court resolved a split among the circuit courts, essentially holding that if an individual gives confidential information to a “trading relative or friend”, it … Continue reading →

Imperfect storm of cyber risk, fraud and lawsuits

Here’s a bad day turned into a bad week, month, year for a CEO of a mid-sized company. Continue reading →

The construction insurance marketplace

Expectations for construction risks: Rates, terms and conditions Continue reading →

Guide to casualty insurance for financial institutions

What is the purpose of casualty insurance? Casualty insurance is actually a catch-all term for a number of diverse coverages. The common thread that binds these various lines is that they are all concerned with losses caused by injuries. Casualty … Continue reading →

Robots Are Here: Are We Ready?

Since the first computer-managed elements entered service in a General Motors auto manufacturing plant in 1961, almost every service and manufacturing industry in the world has benefited from increased automation provided — to a greater or lesser degree — by … Continue reading →

Ignorance No Defence for Company Directors: An Unseasonal Reminder

layoffs

How many of you know what Section 194 of the 1992 Trade Unions and Labour Relations (Consolidation) Act says? I certainly didn’t until I saw that criminal charges had been brought against company directors in what is thought to be … Continue reading →

Maritime Corporate Risk Now Has a Human Face in an Increasingly Difficult Regulatory Environment

Huge ships in port

The regulatory tides have recently shifted toward holding top management more accountable for company performance at a time when the insurance products which cover the liability of directors and officers (D&O) are steadily growing in complexity. Continue reading →

Personal Accountability: A Checklist for Worried Directors

Personal Accountability Checklist_645x400

I blogged recently on the recent Treasury announcement (still subject to Parliamentary approval) about the abolition of the presumption of responsibility under the senior managers regime (SMR), due to be introduced in the UK in March 2016. In the same … Continue reading →