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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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.
This whitepaper addresses how cyber policies will need to evolve in order to address the non-breach responsibilities that relate to consumer protection and compliance with data privacy processes and procedures, along with liability for the consequent fines and penalties for non-compliance.
The United States Supreme Court recently issued a ruling in Masterpiece Cakeshop v. Colorado Civil Rights Commission (Masterpiece Cake), in which the Court reversed a holding of that Colorado agency. Despite hyperbole on both sides, Masterpiece Cake does not represent a departure from current law. That law, however, is far from consistent. This article explains what the Court’s holding means for our clients.
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.
The arrival of summer means beaches, BBQs, and baseball. It also means hot weather, humidity, and the potential danger presented by heat illness.
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.
Advisor - Supreme Court Upholds Mandated Arbitration & Prohibition of Collective Action in Employment Agreements
The Supreme Court has ruled in Epic Systems Corp. v. Lewis1 that arbitration agreements requiring individualized proceedings are enforceable and the implications on class or collective actions by employees are not in violation of the National Labor Relations Act’s (NLRA) phrasing relating to “other concerted activity.” This article analyzes the ruling and its implications for our clients.
Businesses of all kinds and sizes need to protect their customer information and other data. It is beyond dispute that non-tangible assets - especially those stored on computers - are critically important to virtually every business. Consider: most buildings are replaceable. The formula for Coca Cola is not.
This is a general outlook/forecast of anticipated market conditions within the Asset Manager and Professional Liability space.