Risk Management

Hurricane season is imminent, but one Florida developer can rest easy, knowing that his corporate tenants are well prepared for just about anything Mother Nature has to offer.

Unlike last year’s flood of “pre-claim inquiry” offerings that focused on coverage for the investigation-response costs of individual executives and directors, Chartis’ new “Investigation Edge” offering, a standalone policy introduced in March, addresses corporate costs, including the massive expenses associated with producing documents required by the Securities & Exchange Commission.

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.

Florida Gov. Rick Scott has signed SB 408, a bill designed to address cost drivers in an attempt to reform Florida’s unsteady property insurance market.

with less than two months to go before NRRA becomes the law of the land, clarity and uniformity in regulation of the non-admitted or surplus lines industry seems as distant as it was before the landmark reform and modernization legislation was enacted by Congress as part of the Dodd-Frank financial-services...

After initial fear that tax-sharing agreements of surplus-lines taxes could be doomed, there is new optimism that the vast majority of states will enter into some arrangement.

Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.

President Obama is coming closer to his decision to nominate the independent member of the Financial Stability Oversight Council with insurance experience, the Treasury Department says.