Commercial

VCs Face Rising D&O Risk Amid Startup Distress
Regulatory & Compliance VCs Face Rising D&O Risk Amid Startup Distress

The traditionally calm and profitable waters of Directors and Officers (D&O) liability insurance for venture capital firms are now churning with unprecedented volatility, transforming what was once a benign risk into a significant and growing financial threat. For years, VCs were the darlings of

Cornerstone Expands Annuity Arm With Lasaco Takeover
Insurance Cornerstone Expands Annuity Arm With Lasaco Takeover

In a significant move that underscores a broader trend of consolidation within the Nigerian insurance industry, Cornerstone Insurance Plc has officially absorbed the annuity payment obligations for all former annuitants of Lasaco Assurance Plc. This strategic acquisition, which has received full

Willis Unveils New Risk Model for Data Centers
Risk Management Willis Unveils New Risk Model for Data Centers

The global digital economy's insatiable appetite for data, supercharged by the explosive growth of artificial intelligence, rests upon the silent, humming infrastructure of data centers. These facilities have evolved far beyond mere digital storage units; they are now the critical arteries of

Court Allows Fraud Suit Against GEICO-Hired Law Firms
Regulatory & Compliance Court Allows Fraud Suit Against GEICO-Hired Law Firms

A landmark decision from a New York appellate court has peeled back the curtain on the complex and often fraught relationship between insurance companies, the law firms they hire, and the policyholders those firms are sworn to defend. In a case with significant implications for legal and insurance

Agent Sues Berkshire Unit Over Agency's Collapse
Regulatory & Compliance Agent Sues Berkshire Unit Over Agency's Collapse

In the highly regulated and reputation-driven insurance industry, the accuracy of official documents can mean the difference between a thriving business and complete financial ruin. A recent lawsuit filed in federal court underscores this reality, as a once-successful Georgia insurance agent

Court Limits Insurer Liability for Historical Abuse
Regulatory & Compliance Court Limits Insurer Liability for Historical Abuse

When trauma from decades past surfaces in a modern courtroom, the ensuing legal battle often unearths an unexpected and formidable opponent: the fine print on an old insurance policy. A recent federal court decision has cast a harsh light on this very conflict, delivering a significant victory to

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