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 youWhat 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 moreSkyler Sikes, former Kirkland & Ellis partner, joins the Representations & Warranties Practice at CAC SpecialtyPeopleDENVER (April 7, 2025) – CAC Specialty, a leading insurance broker and advisor within CAC Group, has hired Skyler Sikes… – April 7, 2025 Read moreCalifornia Wildfires Reveal Significant Market ImpactsNewsEscalating Wildfire Risks Are Reshaping Insurance Markets Across California Over the past decade, there have been multiple catastrophic losses due… – March 21, 2025 Read more
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