Understanding the FDIC’s Legal Action Against SVB: Insights and Recommendations February 6, 2025Federal Deposit Insurance Corporation (FDIC) vs Silicon Valley Bank (SVB)On January 16, 2025, the Federal Deposit Insurance Corporation (FDIC) initiated legal proceedings against former directors and officers of Silicon Valley Bank (SVB), alleging negligence and breach of fiduciary duty. While CAC Group is not a party or involved in this case, we are providing our clients advice to recognize its significance as an illustrative example of the exposures that bank executives and directors may face during FDIC lawsuits. This situation underscores the critical importance of robust Directors & Officers (D&O) insurance coverage, especially considering potential erosion from concurrent shareholder actions.Download our insights: FDIC vs SVBFor a comprehensive analysis of the FDIC’s lawsuit against SVB’s former leadership and expert recommendations on D&O insurance considerations to safeguard against similar exposures, download our detailed client alert.DOWNLOAD – FDIC VS SVB LAWSUIT INSIGHTS Recommended for youNavigating Human Capital Risk in M&A – Thought LeadershipNewsAt CAC Specialty, our Human Capital Risk team helps deal teams, HR professionals, and trusted advisors uncover critical human capital… – April 21, 2025 Read moreExperienced P&C Expert Matt Rush Joins CAC Specialty’s Growing Private Equity PracticeNewsDENVER – CAC Specialty, a leading insurance broker and advisor within CAC Group, announced that Matt Rush will join as… – April 21, 2025 Read moreWhat Really Matters in Home InsurancePersonal LinesWhen purchasing a new home, it’s important to consider more than just its curb appeal and square footage. Certain features… – April 16, 2025 Read more
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