It is not news that many insureds owning and/or operating businesses that were closed during the pandemic have sued their property insurers for financial losses arising out of such business interruptions.  According to the Covid Coverage Litigation Tracker which is sponsored by the University of Pennsylvania Carey Law School, 2261 of these cases had been filed by mid-March, 2022.  To date, the majority of rulings in both federal and state courts have been insurer friendly. 
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CAC Specialty was thrilled to have the opportunity to speak with Dan Bailey (Chair, Bailey Cavalieri LLC) Anne Hardner (EVP, Arch Insurance Group) and Brady Young (President and CEO, Strategic Risk Solutions) about Delaware’s new statute that permits Delaware companies to transfer certain non-indemnifiable D&O risks to captives.  Together, the panel digs into the pros and cons of this ”new” D&O risk transfer mechanism and what the statute means for insureds going forward.  Thanks to
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Last week, the Delaware General Assembly passed a bill that, when signed by the Governor, will expand the risk management tools Delaware corporations can use to transfer the risks their directors and officers have as a result of their service.  Let’s break down what we know from the basics to the complicated. As most of you are aware, directors and officers have fiduciary duties which, if breached, can result in personal liability.  For that reason,
CAC Connect
CAC Connect was thrilled to have had the opportunity recently to sit down and talk with Adam Safwat of Nelson Mullins Riley & Scarborough LLP and our own Bain Head.  Adam and Bain discussed the interplay between white collar crime, the federal securities laws and directors and officers liability insurance.  We hope you enjoy this informative podcast!  
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NEW LEGISLATION LIKELY SIGNALS A RISE IN QUI TAM ENFORCEMENT ACTIONS & RECOVERIES WHAT IS QUI TAM LEGAL ACTION? A qui tam legal action is where a private individual sues on behalf of the government. In the United States, qui tam actions fall under the False Claims Act. Under the False Claims Act, anyone who defrauds the federal government can be liable for hefty financial penalties. On July 6, 2021, President Biden signed emergency bipartisan
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