Recent rate softening in the directors and officers (D&O) liability line may result in an insufficient premium base in the months ahead, AM Best wrote in a new commentary.
Tag: Directors & Officers insurance
Directors and Officers Insurance Prices Soar
Prices for directors and officers insurance, which covers people working as directors or officers of businesses or organizations, soared 70% in 3Q in 2019 compared with a year earlier, Aon says. The average increase was affected by three large companies – two in communications services and one in the consumer-discretionary industry – that faced large… Continue reading Directors and Officers Insurance Prices Soar
Allianz Identifies Five Risk Trends for Directors and Officers in 2020
The range of risks facing company executives or directors and officers (D&Os) – as well as resulting insurance claims scenarios – has increased significantly in recent years. With corporate management under the spotlight like never before, a new report by insurer Allianz Global Corporate & Specialty (AGCS) highlights five mega trends that will have significant… Continue reading Allianz Identifies Five Risk Trends for Directors and Officers in 2020
More Choice for IPO Lawsuits in U.S. Spur 200% Increase in D&O Insurance
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving initial public offerings is spurring IPO insurers to double and triple prices for directors and officers… Continue reading More Choice for IPO Lawsuits in U.S. Spur 200% Increase in D&O Insurance
Foreign Firms Face Climbing D&O Insurance Premiums
Foreign companies listed in the U.S. are facing rising costs for insurance covering directors and officers, propelled by the increasing number of lawsuits. Known as D&O insurance, these policies protect board members and company leadership against personal liability for the decisions and actions they took performing those roles. The policies are often triggered by a… Continue reading Foreign Firms Face Climbing D&O Insurance Premiums
Another Insurer Refuses to Pay for Harvey Weinstein’s Defense
Travelers Casualty and Surety Co. has become the fourth insurer to refuse to pay for Harvey Weinstein’s civil and criminal defense. The insurer filed suit on Friday in New York Supreme Court, seeking a declaration that it is not obliged to pay based on a series of policies issued to the Walt Disney Co. in… Continue reading Another Insurer Refuses to Pay for Harvey Weinstein’s Defense