Woodruff Sawyer

Some view insurance as a commodity, but it's important to consider the broker's role. Expert Patrick Cagney gives you key considerations as you evaluate and decide who to work with. Start your insurance journey with a team specialized in handling claims and providing support in worst-case scenarios. Contact us: https://lnkd.in/gKZuuHNE #PrivateEquity #VentureCapital #contactus

California Senate Bill 553 (SB 553) went into effect on July 1st for most employers in the state. The goal is to help companies prepare for and prevent workplace violence events (WVE). But are you aware of how this new law could impact your insurance coverage and potential liability exposure? Claims expert Chris Featherstun explores the insurance and risk-management questions that arise following a WVE. #wsinsights #workplaceviolence #insurancecoverage

Class action activity in 2024 is heating up, and we could be on track for more than 200 filings by the end of the year. This year is also an expensive one for insurance carriers in terms of class action settlements. Read Woodruff Sawyer’s 2024 Mid-Year D&O Databox™ Report to get the details and data and learn about what it means for D&O insurance pricing.

As an independent director, you know the importance of having robust D&O insurance coverage. But did you know there are specialized policies that can provide an extra layer of protection when you need it most? In this Woodruff Whiteboard Breakdown, D&O expert Priya Cherian Huskins discusses the key differences between Independent Director Liability (IDL) policies and Wealth Security policies - and when each one could be a lifesaver for your personal assets. #whiteboard #IndependentDirectorLiability #WealthSecurityPolicy

The SEC's R.R. Donnelley settlement redefines "accounting controls" to encompass cybersecurity, paving the way for more actions against insufficient cyber practices, reports Matt Fleischer-Black of The Cybersecurity Law Report. Originating from a 2021 ransomware incident, this contentious decision has faced overreach accusations. The implications and practical advice are explored, featuring insights from Regulation & Securities Litigation expert Walker Newell. https://lnkd.in/d7wjt5qg #wsinthenews #CybersecurityLawReport #RRDonnelley

The SoCal CARE team collected donations and supplies and put together 43 backpacks to donate to the Share Ourselves back to school drive for children in need. The backpacks were filled with school supplies to help these children start the school year off right. Thank you to everyone who participated, including Erika Navarro, Tiffani Heath, Aimee McCall, Matt Gauen, Laura M. Kearney, CPCU, Stacy Zamalloa, CRIS, Hunter Eutsey, Mario Arellano, CLCS, Katie Tiller, Vanessa Holmes, Melissa Galvan, MBA, Vikki Krapivkin, Isabelle Smith, Arthur Bojan, Ryan Meissner, MSHCA, Cheryl Schroeder, Yoko Takenaka, Adam Farris, Jessica Malek Ramaiya, Stacy Day, MA, SHRM-CP, Brianda Cosio, Vysali Soundararajan, Daniel Mattioli, and Aparna Niroola, MHSA, SPHR, SHRM-SCP #wscares #ShareOurselves #BackToSchool

The SEC is expanding old accounting rules to target firms for cybersecurity breaches, as seen in a $2.1M settlement with R.R. Donnelley, Matthew Bultman of Bloomberg Law reports. R.R. Donnelley was hit with charges even though it disclosed the breach to investors and there was no allegation in the order that it misled them, Walker Newell points out. This novel application raises concerns and creates a new atmosphere of risk for public companies. https://lnkd.in/eK7JGpub #wsinthenews #RRDonnelley #CyberBreach

Our cyber expert, David Anderson, CIPP/US, shared insights on the "Meet the Breach Response Team" panel at the claimsXchange Cyber Academy in Chicago this week. The event brings together innovative professionals passionate about advancing the cyber insurance industry and fostering collaboration. The ClaimsAcademy offers unique learning opportunities in various claims management specialties, including Cyber. #celebrate #CyberInsurance #ClaimsManagement

SPACs regain favor as an IPO alternative, despite past litigation over disclosures. A new combined policy structure provides prior acts coverage for the original SPAC's D&Os, mitigating risks in the revived SPAC market. Explore SPAC litigation risks and insurance tips from the experts: Lynda Bennett and Heather Novison Weaver (Lowenstein Sandler LLP) and Yelena Dunaevsky (Woodruff Sawyer). https://lnkd.in/er5-rZRJ #share #SPACnotebook #SPACrevival

While the SEC has expanded shareholder rights to nominate directors, many companies have tried to maintain control by strengthening their advance notice bylaw requirements for board nominations. However, the Delaware Court of Chancery has struck down some of these stricter bylaws - exposing companies to unwanted board appointments. Corporate Securities Lawyer Lenin E. Lopez shares the latest on advance notice bylaw provisions being challenged in court and how you can avoid becoming the subject of lawsuits, read the full article in this week's D&O Notebook. https://lnkd.in/eGKMyVnV #wsinsights #DOnotebook #advancenoticebylaws