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FMLA Case Brings Employment Practices Liability to the Front
A pregnant worker in Atlanta was fired for requesting a leave of absence prior to her eligibility date, and the U.S. Department of Labor under the Family Medical Leave Act (FMLA) ruled in her favor due to what they considered … Continue reading
Family Run Businesses Also Need D&O Insurance
You may think you’re a family owned business, and don’t require Directors & Officers (D&O) Liability insurance, but that’s not the case. Directors, officers, and executives at family run businesses have similar exposures that public and other private firms do … Continue reading
Insurance Agents’ Move to Specialize Causes E&O Issues
E&O Issues Facing Insurance Agents As the Move Into Specialization Grows, On-line Data Capturing Increases Many insurance agencies are making the move from generalists to specialists, targeting specific markets and industries to provide insurance and risk management strategies, in addition … Continue reading
E&O Insurance Critical for Management Consultants and Consultancy Firms
No one is immune to suits alleging negligence during the performance of their work, including management consultants. This only stands to reason, as the majority of the work management consultants provide falls under the auspices of “professional consultation”. When something … Continue reading
Insurance at the Forefront as Cyber Crimes Go On: SEC Requires Disclosure of Relevant Coverage
SEC Requires Disclosure of Relevant Coverage At Axis Insurance Services, we’ve been focusing on Cyber crime and the need for Cyber Liability insurance. There’s a compelling reason for this: Sony, who experienced a data breach in 2011 had over 100 … Continue reading
M&A Objection Suits Increasingly Hitting Directors & Officers
The number of merger objection lawsuits filed in the U.S. rose from 18 to 2003 to 334 in 2010, even as the number of M&A transactions decreased during the recession, according to research firm Advisen. This upward trend is underscored … Continue reading
Director & Officers: D&O Risks In the News with MF Global’s Alleged Fraud
The bankruptcy of commodities brokerage MF Global Holdings headed by former New Jersey Governor Jon Corzine has put the spotlight on how accounting maneuvers a la Enron and Lehman Brothers can keep certain financial obligations off a company’s books, making … Continue reading
Trending Now: Workplace Discrimination Cases Continue Rise, Monetary Awards Highest in EEOC History
In October, we wrote a blog about the rise of discrimination suits in the workplace. We gave a couple of examples of lawsuits that were filed recently, and suggestions on how to help prevent these types of suits. To keep … Continue reading
Cyber Risk Insurance: Data Breaches in Healthcare Industry Getting Worse with Increase Use of Mobile Devices, Sloppy Data Handling
Data security in the healthcare industry is getting worse despite increased compliance with the HITECH Act and other federal regulations. Just look at the second annual benchmarking study released by the Ponemon Institute which shows that the frequency of data … Continue reading
Liability Insurance: ERISA and Fiduciary Responsibility
Just as Employment Practices Liability claims are on the rise (discrimination, sexual harassment, wage-and-hour disputes), so are ERISA (Employment Retirement Income Security Act) plan lawsuits. The Seyfarth Shaw’s Workplace Class Action Litigation Report 2011 Edition found that the number of … Continue reading
