Court rules in favor of AIG, Axa units in D&O case

A Delaware court ruled Wednesday that American International Group Inc. and Axa SA units were not obligated to indemnify a solar energy company in directors and officers litigation under their claims-made coverage.

Shareholders of Tempe, Arizona-based First Solar Inc. filed a class-action lawsuit in Arizona in 2012, charging the company had misrepresented the reduction of its manufacturing costs, among other allegations, according to the ruling by the Delaware Supreme Court in First Solar Inc. v. National Union Fire Insurance co. of Pittsburgh, PA and XL Specialty Insurance Co.

AIG unit National Union provided coverage for the suit and exhausted its policy, the ruling said.

Then in March 2014, a number of shareholders opted out of that litigation and filed a second suit alleging various defects and concealments by the company. Solar agreed to pay $19 million to settle the case.

National Union and XL unit XL Specialty denied coverage on

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Risk Game Strategy

I don’t think the ability to read with comprehension is specific to any culture, I think it has to do with how early one is introduced to print and sound as words.

different types of business level strategies

A business development plan is an essential tool for all prudent entrepreneurs if they wish to remain in business. After World War II, the General Agreement on Tariffs and Trade (GATT) and the WTO have reduced tariffs and various non-tariff barriers to trade. It enabled more countries to explore their comparative advantage. It has a direct impact on globalization. Get the A to Z guide to developing a modern marketing strategy for your business. enterpreneurship As the previous questions illustrate, corporate strategies represent the long-term direction for the organization. Issues addressed as part of corporate strategy include those concerning diversification, acquisition, divestment, strategic alliances, and formulation of new business ventures. Corporate strategies … Read the rest