Risk Management

Proposed Abusive Tax Transaction Status For Micro-Captives

Proposed regulations identifying micro-captives as abusive tax transactions have been issued by the Treasury Department and the IRS. They contemplate […]

Banking Crisis and D&O

The federal takeover of Silicon Valley Bank and Signature Bank will have some impact on the cost and availability of […]

Plaintiffs Suing Medical Device Maker After Data Hack

Zoll Medical, a subsidiary of the Japanese firm Asahi Kasei Group, is facing a minimum of seven putative class actions […]

World’s Largest Insurer Announces ESG Policy For Natural Gas Customers

The Swiss insurer, Chubb, most of whose clients are in the U.S., has announced updated underwriting criteria for natural gas […]

Steps To Counter Workers’ Comp Insurance Inflation

No CRO At Silicon Valley Bank When Its Troubles Began

The Chief Risk Officer of Silicon Valley Bank stepped down in April 2022. Her replacement wasn’t hired until nine months […]

New DOJ Compliance Enforcement Policies Include Clawback

A post from law firm Faegre Drinker looks at a spate of recently announced DOJ compliance enforcement initiatives. The writers, a […]

Prior Knowledge” Exclusions

Liability insurance protects the insured against claims even when the acts that gave rise to them took place before the […]

Big Surge In Whistleblower Claims Predicted

The Anti-Money Laundering Whistleblower Improvement Act, signed  into law in December 2022, could lead to a big increase in whistleblower […]

GoodRX Settlement Points To Possible Gaping Hole In Cyber Coverage

The familiar breach scenario involves a bad-actor third party that steals information that it can monetize, or locks up a […]

Bermuda Updates Guidance For Insurers

The Bermuda Monetary Authority, which regulates Beremuda’s financial industry, is updating its guidance on managing climate risk for commercial insurers. […]

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