Locke Lord LLP | USA | 17 Sep 2009
In an August 10, 2009 decision, the Delaware Supreme Court held that under certain circumstances, a D&O insurer may reasonably withhold its consent to settle a claim.
Locke Lord LLP | USA | 19 Aug 2009
On August 4, 2009, Delaware Insurance Commissioner Karen Weldin Stewart announced that the Department of Insurance (the "Department") has established the new Bureau of Captive and Financial Insurance Products (the "Bureau") to dedicate more resources to the regulation of captives and make the regulatory process more efficient.
Locke Lord LLP | USA | 28 Jul 2009
In a short letter-to-counsel opinion, Vice Chancellor John Noble of the Delaware Chancery Court held that a prior order granting advancement to two officers and directors can be modified based on changes in factual circumstances.