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AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit.Late last month the Delaware Supreme...
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Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says
The Howden-driven talent war has cost Brown & Brown $23 million in revenue, according to J. Powell Brown, the broker’s president and chief executive officer.“As of today, approximately 275 of our former teammates have joined this...
