INSURANCE LAW BLOG

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Since 2009, enforcement of FCPA actions has significantly increased.  The Department of Justice has convicted over 50 individuals, and companies have paid approximately $3 billion in fines and penalties.  Government contractors are a prime target for FCPA actions given their … Continue reading

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TAGS:    FCPA, insurance coverage, insurance recovery, Strategic risk management

Cyber Risks Faced by Small Business Owners

Small business owners’ anxiety levels are in the red zone because of the barrage of news about hacking incidents that target businesses’ ongoing operations.   While those attacks are scary, the most serious cyber-risk … Continue reading

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On February 12, 2013, President Obama issued an executive order detailing his plan to improve critical infrastructure cybersecurity. [1]  See Executive Order – Improving Critical Infrastructure Cybersecurity, http://www.whitehouse.gov/the-press-office/2013/02/12/executive-order-improving-critical-infrastructure-cybersecurity (February 12, 2013).  In the Executive Order, President Obama notes that it … Continue reading

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TAGS:    insurance, insurance coverage, insurance recovery, Risk management

When self-regulatory organizations (“SRO”), such as the Financial Industry Regulatory Authority (“FINRA”), commence an investigation or proceeding, member firms are typically concerned with the financial impact that both the defense costs and any ultimate payment obligation will have on their Continue reading

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TAGS:    complex litigation, insurance recovery, Risk management