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Since our last article on climate change considerations, perception has moved to a recognition that climate risks affect all sectors, including financial institutions.
This article looks at the concept of corporate social responsibility and the benefits of companies taking such positions; corporate accountability when such positions are asserted, including potential risks given the current litigation climate, as well as the political, economic and social environments; and potential issues underwriters and claims handlers should consider when insuring companies that take more active positions on social responsibility.
We consider the 2018 filing trends, provide an analysis of recent US Supreme Court decisions that have the potential to impact the liability of directors’ and officers’ and provide an overview of several of the key cases from 2018 addressing coverage under D&O insurance policies in the US.
Following recent judgments in England and Wales moving in favour of insurance brokers and their professional indemnity insurers, this article provides an overview of the standards required of insurance brokers and other professionals who advise insured clients in several key jurisdictions.
This summary will discuss 2018 filing trends, as well as provide an overview of recent US Supreme Court decisions that have the potential to impact the liability of directors’ and officers’ in the United States. It will also provide an overview of several of the key cases that came down in 2018 addressing coverage under D&O insurance policies.
Vine to wine, and the fire in between – the growing insurance implications of the California wildfires
2018 has been another year of devastating wildfires in California. The November 2018 Camp Fire was reported as the deadliest and most destructive in the state’s reported history, and the July 2018 Mendocino Complex fire was reported as the state’s largest.
Since October 5, 2017, the date on which The New York Times first ran its report exposing the numerous sexual harassment and assault allegations made by several women against Hollywood producer Harvey Weinstein, the flood gates have opened on high-profile allegations of sexual harassment in the workplace and beyond.
At close to $12bn in insured losses and 45,000 insurance claims, the California wildfires in October and December last year were unprecedented in terms of their exposure and consequences.
Wildfire liability from a US perspective
We are pleased to announce that Eric Scheiner, former Managing Partner of Sedgwick’s Chicago office, has joined as a partner and will be based in our Chicago office. Joining Eric in the move from Sedgwick are partners Dick Geddes and Jennifer Quinn Broda.