Is PAGA a Problem for Your California Business? Here’s What You Need to Know
California, the land of opportunity and innovation, can also be a breeding ground for unexpected challenges for businesses. One such challenge is the Private Attorney General Act (PAGA), a law that has become a major source of concern for employers in the state. What is PAGA and Why Was It Created? Enacted in 2004, PAGA […]
Beyond the $450 Million Settlement: What Real Estate Professionals Need to Know
The real estate industry continues its rapid evolution, and the intersection of technology and legal challenges has created a tumultuous landscape for agents and brokers. On March 14, 2024, a significant milestone occurred when the National Association of Realtors (NAR) settled a landmark lawsuit for over $450 million. Additionally, the NAR agreed to change commission […]
Protecting Your Assets: Decoding Excessive Fee Claims with Fiduciary Liability Insurance
In the complex world of Fiduciary Liability Insurance, the specter of excessive fee claims looms large. These claims, which allege breaches in fiduciary duties under the Employee Retirement Income Security Act (ERISA) involving retirement plans like 401(k)s, are not only increasingly common, but also carry the potential for multimillion-dollar settlements and costly defenses. In this […]
ESG in Focus: Balancing Responsibility and Legal Protection
In a contemporary business landscape that places a premium on corporate ethics and integrity, the bedrock of responsible commerce has undeniably become the trio of Environmental, Social, and Governance (ESG) principles. As a seasoned expert in executive liability, I’ve long championed the cause of ESG, advocating its integration into sales and underwriting processes. However, it’s […]
Mass Arbitration Frenzy: A Comprehensive Guide for Businesses and Their Insurance
Arbitration, initially conceived as an efficient alternative to traditional litigation, has recently witnessed a transformative twist in the form of Mass Arbitration (MA) filings. In this thought-provoking blog, we delve deep into the intricacies of Mass Arbitration, its multifaceted effects on corporations, and the pivotal role that insurance policies play in mitigating the financial risks […]
Navigating Nevada’s Ban on Defense Inside the Limits: Implications for Executive and Professional Liability Coverage
In today’s ever-evolving business landscape, protecting your enterprise from unforeseen risks is paramount. Executive and Professional Liability insurance is a cornerstone of safeguarding businesses and their leaders against potential corporate and personal financial perils arising from lawsuits and claims. However, a recent development in the insurance industry has raised significant concerns, as the Nevada Legislature […]
What Should You Do When Your Silicon Valley Bank Fails?
The collapse of Silicon Valley Bank in the early days of March 2023 is more than just a bank failure—it’s a symptom of the times. As the American economy (and, in fact, the global economy) teeters on the brink of recession, chinks in the armor will begin to appear. This is where Silicon Valley Bank’s […]