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The Executive Risk Network covers D&O, fiduciary, EPL, kidnap & ransom and some professional lines and is the definitive authority for anyone involved in or interested in the executive risk insurance sector.
An annual subscription to the Executive Risk Network delivers exclusive content to your inbox every Tuesday, Thursday, and Friday. In addition to news from our team of journalists, subscribers have access to:
Here are just a few examples of the type of news, data, and analysis you can expect to receive as a member of the Executive Risk Network:
A ‘mushroom cloud of growth’ in wage-and-hour claims
Employers may be facing a perfect storm when it comes to wage-and-hour claims. Not only are insurers just beginning to underwrite the risk, the bar for collective action under the 1938 FSLA is lower now than for class actions in other areas of employment liability, such as discrimination, or securities litigation, some lawyers say.
Beyond ‘corporate therapeutics’: Shareholder derivative settlements get scarier
Advisen data show that, while filings for shareholder derivative actions in the U.S. declined for a third year in 2014, to 160, the average loss has continued to widen, to $7.2 million. In fact, the cost of settlements, financial damages, fines and penalties, and legal fees in these cases has more than quintupled since 2012.
Is California dreamin’? EPL, D&O claims eclipse other states in number and cost
In the mid-90s, when coverage for directors and officers began to be widely offered, the employment practices liability insurance got “thrown in like French fries,” said Garrett Koehn, President for CRC in San Francisco. “Now D&O is not exactly the fries, but they’re more like a slider.”
ERISA docket counts continue decline; could pendulum swing soon?
According to Advisen’s Loss Insight database, ERISA (Employee Retirement Income Security Act) dockets have declined each of the last four years after a steady incline in counts from 2007-2010.
Is employee awareness and training the holy grail of cybersecurity?
Despite fancy-sounding defensive cybersecurity devices at companies and financial institutions, “spear phishing with malware attachments” is often the easiest route into a sophisticated network.
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