Insights

Six days into its ordeal, the Ever Given was set free. The Japanese-owned container vessel, loaded with 20,000 shipping containers, became wedged sideways while traveling through the Suez Canal. While the ship went on its way and the canal reopened to traffic, the impact of a six-day stoppage in marine transport in that canal meant a massive disruption to supply chains across the world. The 120-mile canal sees roughly 12% of the world’s tonnage transported through its waters — an average o

The NFP and Arete teams discuss cyber risks including credential stuffing, watering holes, drive by downloads, and more.

Tax reporting for corporate acquisitions and other business transactions can be enormously complex. Unique facts and circumstances of a transaction often don’t fit squarely within existing guidance, and the tax  that hangs in the balance may be substantial. Tax opinions from outside advisors quantify risk, but do not protect the taxpayer from financial harm if the underlying tax position is successfully challenged by a taxing authority. By contrast, private letter rulings even where a

You’ve accumulated a lifetime of valuable assets. Strong, individualized coverage is critical to keep all aspects of your life protected.

It is no secret that in recent years it has become an industry trend for high profile construction projects to be awarded to non-union contractors due, in part, to rising costs associated with work-related injuries. Projects that as recently as ten years ago were union are now being awarded to non-union labor at disproportionate rates. That trend is nowhere more apparent than in New York City, where union construction work has eroded in favor of non-union over the past twenty years. That is why

A fan in the stands posts a live video to Facebook during a game tagging the event and team. A team plays a newly released fight song from the radio during a rally. A sports reporter interviews a player in the locker room while music is playing in the background. What do these events have in common? Every one of these situations could put your organization on the receiving end of a copyright infringement claim. Whether inadvertent or intentional, playing a song or excerpt of a song without obta

You have a need for errors and omissions (E&O) insurance, so you do what most people do — look for a broker to find coverage. However, is that coverage really working for you? In most cases, we at NFP will review a prospective client’s current coverage and find ways to make significant improvements. The reason: E&O is a highly specialized placement. Much of the E&O business written today is placed by brokers that do not have the depth of knowledge required to effectively understand

On March 3, 2021, the SEC Division of Examinations released their 2021 Examination Priorities, prioritizing ESG factors. As stated by the SEC Acting Chair Allison Lee, 'the Division (formerly known as OCIE) is enhancing its focus on climate and ESG-related risks' and that by doing so 'we are integrating climate and ESG considerations into the agency's broader regulatory framework.' On February 26, 2021, the SEC issued an Investor Bulletin on ESG (Environmental, Social and Governance) Funds, no

With the dramatic uptick in ransomware attacks over the past twelve months, there has been much discussion about whether or not to criminalize the payment of ransomware demands. In fact, in October, the Office of Foreign Assets Control (OFAC) issued an advisory on the sanction risks of paying ransoms and a FINCEN Advisory on reporting ransomware red flag indicators. The NY DFS issued similar guidance. The OFAC guidance was intended to set parameters for organizations intending to make ransomwar