Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.
Georgia Insurance Commissioner John Oxendine has ordered a criminal investigation into failed Southeastern U.S. Insurance and its former CEO, comparing the company's business practices to those of Enron.
Georgia Insurance Commissioner John Oxendine announced today that he has launched a criminal probe of M. Clark Fain, III, who headed the now-liquidated workers' compensation insurer Southeastern U.S. Insurance, Inc. (SEUS).
There has been a proliferation of Side-A-only insurance forms to cover directors and officers in recent years, but few know the history of the underlying coverage of the full D&O policy--a policy now more than seven decades old.
Willis Group Holdings Chair and Chief Executive Officer Joe Plumeri reiterated his position that his firm will not take contingent commissions, even if a five-year-old agreement banning them is lifted.
Willis Group Holdings Chief Executive Officer Joe Plumeri reiterated his position that his firm will not take contingent commissions, even if a five-year-old agreement banning them is lifted.