Risk
Thought Leadership

Aon Financial Services Group: D&O Quarterly Review


Loading

A monthly publication highlighting news and developments in executive liability and insurance

2017 Quarterly Review - Second Quarter

General News

  • New York Department of Financial Services Cybersecurity Regulation Opens the Door to Increased D&O Exposure
  • United States Supreme Court Agrees to Hear Case Involving Concurrent Jurisdiction for Section 11 Cases
  • The Tenth Circuit Federal Court of Appeals to Review Ruling Denying Coverage for an SEC Investigation
  • CCO liable for Anti-Money Laundering Compliance Failures under Bank Secrecy Act
  • Securities Class Action Settlements in 2016 Results in the Largest Approved Settlement Fund of any Year

Federal Appellate Decisions

  • Fourth Circuit Holds that Class Action Plaintiff Lacked Concrete Injury Required for Standing under FCRA
  • Second Circuit Dismisses Suit Arising Out of Data Breach on Basis of Standing
  • Eighth Circuit Upholds Ruling for Insurers on Issue Regarding Crime Policy’s Ownership Provision
  • Eleventh Circuit Court of Appeals Holds that Prior Acts Exclusion Precludes Coverage for Executives where Facts Pre-Dated the Prior Acts Date
  • Notice Provided Seven Months after the Filing of Suit Found to be Untimely under an EPL Policy
  • Complaints Must Explicitly Allege Acts Arising from Professional Services to Trigger E&O Policy
  • Ninth Circuit to Determine whether a Directors & Officers Liability Policy’s Professional Services Exclusion Applies to False Claims Act Allegations
  • Sixth Circuit Holds that Insured v. Insured Exclusion Precludes Coverage for Claim Assigned by Debtor in Possession to Liquidation Trustee

Other Cases of Note

  • Federal Court Holds Website Inaccessible to Visually-Impaired Users Violates ADA
  • Colorado Federal Court Applies Notice-Prejudice Rule to Claims-Made Medical Malpractice Policy
  • Disgorgement Payment is Insurable Loss Based upon Evidence that the Payment was not the Insureds’ Ill-gotten Gains but Rather the Profits of the Insureds’ Customers
  • Illinois District Court Rules in Favor of Insurer on Estoppel, Prior Notice, and the Insured v. Insured Exclusion

Cyber Corner

  • Global Ransomware Attacks Become Front Page News

Related Information

Directors' and Officers' Liability Insurance
D&O Year in Review

Contacts

Robbyn Reichman, Esq.
robbyn.reichman@aon.com
t +1.212.441.2309

Jacqueline Waters, Esq.
jacqueline.waters@aon.com
t +1.312.381.4563



If you elect to comment or engage with our content via third-party social media websites, you authorize Aon to have access to certain social media profile information. Please click here to learn more about information that may be collected when using these tools on Aon.com