The recent and sudden failures of Silicon Valley Bank and Signature Bank, and the threat of other bank failures, have led to intense public focus on what caused these banks to run into trouble, who is to blame, and what...more
4/10/2023
/ Banking Regulators ,
Banks ,
Board of Directors ,
Corporate Officers ,
Depository Institutions ,
Enforcement ,
Fiduciary Duty ,
Financial Institutions ,
Indemnification Clauses ,
Mismanagement ,
Personal Liability ,
Risk Management ,
Silicon Valley
With the continued disruptions to businesses and the economy generally resulting from the COVID-19 pandemic, the legal landscape is continually changing, and insurance is no exception. Since the beginning of the outbreak,...more
4/15/2020
/ Business Interruption ,
Business Losses ,
Coronavirus/COVID-19 ,
Denial of Insurance Coverage ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Policy Terms ,
Proposed Legislation
In the recent weeks our risk management team has identified a number of insurance-related issues relevant to clients dealing with the outbreak of the disease caused by the novel coronavirus, known as COVID-19, that we felt...more
3/13/2020
/ Bodily Injury ,
Commercial General Liability Policies ,
Contract Negotiations ,
Coronavirus/COVID-19 ,
Cyber Insurance ,
D&O Insurance ,
E&O Insurance ,
Employment Practices Liability Insurance (EPLI) ,
Fiduciary Liability Insurance ,
Infectious Diseases ,
Insurance Brokers ,
Insurance Claims ,
Insurance Industry ,
Policy Exclusions ,
Property Insurance ,
Representations and Warranties Insurance ,
Risk Management ,
Underwriting
Directors and officers (D&O) liability insurance has always been an important tool to protect public companies and their management against claims by shareholders for violations of the securities laws, including claims for...more
It has been said that there are two types of companies in the world – those that have been hacked, and those that do not yet know they have been hacked. While perhaps an overstatement, it seems that every day, another company...more
6/13/2016
/ Cyber Attacks ,
Cyber Insurance ,
Cyber Threats ,
Cybersecurity ,
D&O Insurance ,
Data Breach ,
Data Protection ,
E&O Insurance ,
Policy Exclusions ,
Popular ,
Risk Assessment
As many readers will know, a government investigation can begin with something as seemingly innocuous as an email from a governmental agency to a company’s general counsel asking for information, or as attention-grabbing as a...more
10/22/2015
/ Board of Directors ,
Corporate Counsel ,
Corporate Officers ,
D&O Insurance ,
Government Investigations ,
Insurance Industry ,
Insureds ,
Legal Costs ,
Notice Requirements ,
Reservation of Rights ,
Scope of Coverage ,
Young Lawyers
The Federal Deposit Insurance Corporation (FDIC) recently warned financial institutions that it has observed an increase in exclusionary terms contained in the director and officer (D&O) insurance policies of depository...more