Marsh's approach to legal challenges: swift action and insurer approval

Global insurance brokers Arthur J. Gallagher is taking legal action against two former employees who have established their own brokerage firm in New York. The lawsuit alleges that these individuals solicited Gallagher clients and misused confidential information, which violates their employment agreements. via @insurancejournal #Insurance #LegalNews #riskmanagement #risk #InsuranceBroking https://lnkd.in/eyEkyZQF

Who qualifies as an “officer” under a public company D&O policy isn’t an academic subject. It has real-world consequences for risk transfer, claims handling and recovery and executive protection. https://ow.ly/qT8c50X7ozN As an industry, we should recognize that titles no longer define exposure — functions do. Read the article to learn more. #Directors #Officers #RiskManagement #Insurance #WTWFINEX

As UK businesses navigate COVID business interruption claims, many may be approaching deadlines to file or reopen claims. Understanding your policy rights is vital. Lighthouse Consultants, as forensic accountants, specialize in evaluating claims to ensure you receive the compensation to which you are entitled. Explore steps you can take to safeguard your business interests before time runs out. #BIinsurance #Covidclaims #BIclaims #Businessinterruption #Businessinterruptioninsurance #BIinsuranceclaims#COVIDClaims #Insurance #ForensicAccounting #LighthouseConsultants

As UK businesses navigate COVID business interruption claims, many may be approaching deadlines to file or reopen claims. Understanding your policy rights is vital. Lighthouse Consultants, as forensic accountants, specialize in evaluating claims to ensure you receive the compensation to which you are entitled. Explore steps you can take to safeguard your business interests before time runs out. #BIinsurance #Covidclaims #BIclaims #Businessinterruption #Businessinterruptioninsurance #BIinsuranceclaims#COVIDClaims #Insurance #ForensicAccounting #LighthouseConsultants

The Australian Securities and Investments Commission has warned insurers against losing consumer protections while simplifying their code of practice in a major rewrite. #InsuranceNews #ASIC #InsuranceCode

“To protect clients and shareholders, insurers must anticipate how governance and operational risk failures intersect with securities claims.” Event-driven litigation is reshaping the D&O insurance market.   Howden Re’s latest Casualty in Focus article, The Shifting Sands of Securities Litigation, explores how operational risk events such as wildfires, data breaches, public health crises, and product failures are no longer peripheral to D&O liability. They are now central to securities litigation in the U.S.   As Brian Turner, Managing Director at Howden Re, notes: "Insurers therefore must adapt by reassessing underwriting strategies, limiting exposures to high-risk accounts and maintaining sharper focus on portfolio construction to navigate this shifting landscape."   For insurers and brokers, this means rethinking portfolio diversification, attachment strategies, and how best to adapt in a market where the next big event, not a balance sheet misstatement, may drive the largest losses.   Read the full article here: https://lnkd.in/eprvfkpE   #HowdenRe #CasualtyInFocus #DOInsurance #EventDrivenLitigation #RiskManagement

Underinsurance is one of the biggest risks brokers face, and when it leads to reduced payouts, clients are left frustrated, often blaming their broker. A serious fire destroyed four farm buildings, and while liability was accepted, the insurer’s loss adjuster applied “average,” slashing the payout on the grounds of underinsurance. CEC reviewed the case and argued that the farmer’s sums insured reflected his plan to rebuild himself. By pressing this point and exploring alternatives, we secured an increase from £53K to £75K, protecting both the client relationship and the broker’s reputation. Read the full case study here: https://lnkd.in/ejQGg7cb #CECClaims #Underinsurance #CaseStudy #BrokerSupport #ClaimsExperts #ClientTrust

Interesting article providing an overview of shareholder class actions, analysis of Side A / B / C coverage under a directors and officers liability program and examples of where even though Directors and Officers cover could've applied, courts have ruled that the individual is personally responsible for paying fines and no indemnification is provided. "This overseas insurer interest is likely putting price pressure on Australian insurers. In their H1 2023 report on D&O Insurance, Aon noted that a number of insurers have also released or are releasing new or refreshed primary policy wordings, in an attempt to retain current or entice desired clients." https://lnkd.in/guaXGCjH

💡 Underinsurance in Business Interruption – A Risk Hiding in Plain Sight Many South African businesses only realise after a major loss that their Business Interruption cover doesn’t stretch far enough. In her latest article, Jolene Visser CA(SA), founder of #Forensure, examines why, and how the risk of underinsurance could be reduced. She highlights what really drives underinsurance and how better financial insight can protect recovery. At Forensure, we specialise in turning complex Business Interruption losses into clear, defensible numbers. 📖 Read the full article here. #BusinessInterruption #Insurance #ForensicAccounting #LossAdjusting #Underinsurance #RiskManagement #Forensure #InsuranceClaims #BusinessContinuity #CFOInsights #InsuranceBrokers

An owner-controlled insurance program offers employers control over contract workers' policies, ensuring claims are paid directly to them and safeguarding against contractor insolvency. Gallagher highlights its financial advantages, including coverage for lenders, security agents, and potential loss of future profits due to delays. To discuss OCIP further, use the link below. https://okt.to/Rclu3X