The pace of public directors and officers liability insurance price decreases again slowed in the fourth quarter of 2023, with the average price per $1 million in limits dropping by 17.5%, according to Aon’s Quarterly D&O Pricing Index.
Tag: Directors & Officers Liability
Fitch Ratings: D&O Premium Increases to Slow Down
According to Fitch Ratings, a three-year trend of steep premium increases in the US directors and officers (D&O) insurance market, along with lower limits, higher retentions, and more coverage exclusions, is beginning to subside. These trends have resulted in an improvement in the financial performance of US D&O insurers over a three-year period. According to… Continue reading Fitch Ratings: D&O Premium Increases to Slow Down
D&O Insurance 1H22 Results Improve, Premium Growth Stalls
According to Fitch Ratings, the U.S. Directors & Officers (D&O) insurance line has experienced some of the most pronounced pricing increases among all commercial lines over the last three years, with shifts in underwriting practices such as lower limits, higher retentions, and more coverage exclusions fostering improvement in financial performance. These trends, however, are fading,… Continue reading D&O Insurance 1H22 Results Improve, Premium Growth Stalls
U.S. D&O Insurers Brace for Pandemic-Related Losses
Underwriting losses are expected to continue over the near term for the U.S. directors & officers (D&O) liability insurance segment as claims amid the economic fallout from the pandemic emerge, which will take several years to fully pay out, Fitch Ratings says. However, there is limited risk to ratings of individual insurers from the D&O… Continue reading U.S. D&O Insurers Brace for Pandemic-Related Losses
D&O Insurance Costs Rising for Cannabis Execs as Investors Sue
Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and misinformation, with more such action expected. Some of the biggest cannabis companies, including Medmen Enterprises, Canopy Growth, CannTrust Holdings, Aphria Inc and… Continue reading D&O Insurance Costs Rising for Cannabis Execs as Investors Sue
Musk Gets Almost $1 Million from Tesla to Temporarily Insure Board
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker’s board earlier this year. The company is backtracking from plans to let Musk personally provide directors’ and officers’ insurance coverage for a year, as it disclosed… Continue reading Musk Gets Almost $1 Million from Tesla to Temporarily Insure Board
California Becomes First State to Require Public Companies to Include Women on Boards
California has become the first US state to require companies to include women on their boards of directors after the state’s governor signed a bill into law. The measure requires at least one female director on the board of each California-based public corporation by the end of next year. It also requires companies with five… Continue reading California Becomes First State to Require Public Companies to Include Women on Boards
SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla
U.S. securities regulators on Thursday sought to force Tesla Inc. Chief Executive Elon Musk out of the company he helped get off the ground about 15 years ago, alleging he misled shareholders when he tweeted he had funding for what would have been the largest-ever corporate buyout. The suit, filed by the Securities and Exchange… Continue reading SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla
Compensation for Outside Corporate Directors Increased 3% to over $267,000 in 2017
Total pay for outside directors at the nation’s largest corporations increased by a modest 3% in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson, a leading global advisory, broking and solutions company. The study also revealed more companies are implementing annual limits on director compensation… Continue reading Compensation for Outside Corporate Directors Increased 3% to over $267,000 in 2017
DOJ Says Harvard Hurts Asian-Americans with Race-based Admissions
The Department of Justice (DOJ) is throwing its support behind a group of Asian-American students who are suing Harvard University for allegedly discriminating against them in the school’s admissions process. In a 40-page statement of interest Thursday, DOJ attorneys said the record of evidence shows Harvard’s race-based admissions process significantly disadvantages Asian-American applicants compared to… Continue reading DOJ Says Harvard Hurts Asian-Americans with Race-based Admissions