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COVID-19 Exclusions Continue to Play a Major Role in RWI, Driving up PricingA typical RWI policy contains several standard exclusions for things like known issues, covenants, and liability arising from pension underfunding and asbestos. However, COVID-19 introduced a new exclusion.View Insight -
Blog
Protecting Directors and Officers Against Post-Acquisition Claims: D&O Tail PoliciesImagine that you you find out you're being sued for actions you took before a company you sit on the board for was acquired. Further, after being acquired, your company also stopped paying D&O Insurance premiums. You now face litigation and are at serious risk. A "run-off" or a "tail policy," an extension of D&O insurance policies for a period after the normal expiration date, could help you mitigate that risk.View Insight -
Employee Benefits Compliance Alert
Compliance Alert: IRS Maintains Health FSA Contribution Limit for 2021, Adjusts Other Benefit LimitsThe IRS released Revenue Procedure 2020-45, which maintains the 2020 health FSA salary reduction contribution limit of $2,750 for plan years beginning in 2021. Read more about this, as well as other reminders and adjustments related to commuter benefits, adoption assistance, QSEHRA, and ACA reporting penalties.View Insight -
Blog
D&O Insurance for SPAC IPOs: Costs and Underwriting FactorsLearn about the current pricing dynamics of D&O insurance for SPACs, as well as the main factors D&O insurance underwriters consider when pricing D&O insurance for SPACs.View Insight -
Blog
How Much Is That D&O Premium? Eye-Popping D&O Price Increases Confound SPAC SponsorsThe pricing of directors and officers (D&O) insurance coverage for the SPAC at its IPO is one area that does not seem to be getting the full level of disclosure.View Insight -
Blog
Multi-Factor Authentication: A Small Step for a Big Decline in Cyber AttacksMulti-factor authentication (MFA) is an increasingly important solution to thwart account compromise attacks, especially when the workforce is remote and gaining access to key corporate networks and applications is vital.View Insight -
Blog
Five Types of Derivative Suits with Massive SettlementsReviewing the five types of derivative suits with massive settlements will help you to think about scope of risk, calibrate the amount of Side A insurance you may want to purchase, and understand what steps boards can take to avoid facing high-dollar settlements.View Insight -
Employee Benefits Compliance Alert
Compliance Alert: IRS Extends Deadline for Furnishing Form 1095-C to Employees, Extends Good-Faith Transition Relief for the Final TimeThe IRS has extended the deadline for furnishing 2020 Forms 1095-B and 1095-C to individuals. The Notice also provides penalty relief for good-faith reporting errors and suspends the requirement to issue Form 1095-B to individuals, under certain conditions.View Insight -
Blog
The SEC Is Sharpening Its Focus on SPACsThe recent popularity of these SPACs makes it worth examining the litigation risks for directors and officers of SPACs. Now the Securities and Exchange Commission has also turned its eye on SPACs.View Insight -
Blog
What Is Remote Desktop Protocol and Why Is it a Cyber Risk?Learn what remote desktop protocol is, the risks, and how to mitigate those risks––including insurance.View Insight -
Blog
AB 685: COVID-19 Potential Exposure Reporting and OSHA Citation PresumptionGavin Newsom recently signed Assembly Bill (AB) 685, which sets new requirements for employers to notify their employees and their unions about a potential COVID-19 exposure in the workplace.View Insight -
Blog
Should We Form a Captive for D&O Insurance?The cost of D&O insurance continues to rise, causing public companies to look for cost-effective alternatives. A lot of board and management teams are asking: Should we form a captive for D&O insurance?View Insight