For public companies navigating the continuing fallout from the global financial meltdown, dealing with investigations—and their complex insurance implications—is becoming about as inevitable as death and taxes.
Stung by sharp criticism and determined to effectively protect investors, the U.S. Securities and Exchange Commission has significantly increased its activity: Formal SEC investigations are up 160 percent since 2008.
The SEC is also reconsidering how it enforces securities laws—placing, for example, a new emphasis on motivating insiders to come forward and cooperate. And the 10-30 percent whistleblower bounties introduced by Dodd-Frank have the potential to spark unprecedented growth in investigation activity.
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