Aon Corp. has reached settlements with the U.S. Department of Justice and the Securities and Exchange Commission totaling around $16.3 million to resolve violations of the Foreign Corrupt Practices Act.
For public companies navigating the continuing fallout from the global financial meltdown, dealing with regulatory investigations is about as inevitable as death and taxes. D&O insurance products are evolving to cover some of the costs.
No one likes to be singled out when bad news strikes—and goodness knows, The Hartford had enough bad news from the financial collapse of 2008—but technology observers believe being the victim of hackers is not so much an “if” proposition as a “when.”
Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis, but directors and officers liability insurers should brace for more such cases in 2011, a plaintiffs’ attorney warned late last month.
A federal district court judge in Richmond, Va., ruled recently that Congress cannot require people to buy health insurance--a key provision of the health care reform law signed by President Barack Obama in March.
A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.
A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.
The U.S. Securities and Exchange Commission has ended its investigation of American International Group Inc. (AIG) and Joseph Cassano, former head of the company's Financial Products unit.