Recently, the U.S. Court of Appeals for the Second Circuit, applying New York law, and the U.S. Court of Appeals for the Sixth Circuit, applying Michigan law, respectively, agreed with an insured that the computer fraud provisions of a crime policy covered the loss incurred when the company’s employees transferred funds in response to a spoofed email.
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At annual enrollment HR must communicate with employees and complete a variety of administrative activities in a very short time. Our 1-hour recorded webinar is designed to help HR professionals with this year’s annual enrollment process.
This market update will identify and evaluate factors contributing to market conditions and detail the state of the current market and future expectations for public company D&O.
The purpose of this paper is to explain the basis of liability for a public company, discuss the D&O marketplace with respect to IPO exposures, and set forth what you can expect from us as your broker in the process.
While this sounds like a fairly conventional shareholder securities, case, what sets it apart is is that the defendant is a real estate investment trust. Such trusts, while occasionally traded publicly, are often not considered targets of shareholder suits. As is represented in this case, this belief is short sighted. There are no exemptions in the federal or state securities law for real estate trusts.
As of January 1, 2018, hospitality employers in the city of Chicago must provide “panic buttons” for room attendants and restroom workers who work alone.
One of Janet Yellen’s last acts as head of the Federal Reserve was to impose an unusual settlement condition upon Wells Fargo: as part of the consent decree, Wells Fargo would agree to the removal of four directors.
The environment for interest rates is all but confirmed for increases, and yet the cycle continues. Its durability doesn’t seem threatened by either a ready supply of equity or debt or even the possibility of oversupply. We have been noticing of late that ‘sectors’ are getting a deeper review by the insurance underwriters. Whereas in the past, the good results for insurance companies professional real estate risk was more uniform overall classes, we have seen that change more in the last 12 months. The ‘Amazon’ effect has put malls and strip shopping centers into a much greater focus and multifamily is also perceived to on its way to an oversupply issue. These two classes are seeing a higher level of scrutiny from the underwriting community.
Commercial property insurance buyers continue to experience a competitively priced market and benefit from moderate single-digit rate increases.
As 2017 begins, the global environment for ‘change’ seems to be everywhere on a geo-political basis, the likes of which we have not witnessed in quite some time. With this uncertainty, hard assets tend to be viewed as a safe haven and certainly the real estate market has benefitted from the current environment.