According to Aon’s quarterly Public Company D&O Pricing Index, the average price per million for public company directors and officers (D&O) liability insurance declined for the fifth consecutive quarter in the second quarter of 2023, down 26.8% compared to 2022.
Tag: D&O Liability
Cost of D&O Liability Insurance Soars as Litigation Proliferates
Elon Musk was on to something when he complained that the cost of insurance to protect company directors and officers from shareholder litigation has gotten out of control. The impulsive Tesla Inc. boss may be an unlikely spokesperson for the unfairness of these spiraling fees, but they reveal something about this age of corporate misadventure… Continue reading Cost of D&O Liability Insurance Soars as Litigation Proliferates
Global Commercial Insurance Pricing Up 19% in Second Quarter
Today Marsh released its Global Insurance Market Index for the second quarter of 2020. The increase, the largest since the index was launched in 2012, follows year-over-year average increases of 14% in the first quarter and 11% in the fourth quarter of 2019. As with the first quarter, average price increases were driven principally by… Continue reading Global Commercial Insurance Pricing Up 19% in Second Quarter
Specialty Insurers’ Exposures to PG&E Bankruptcy Are Within Risk Appetites
Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the recent deadly wildfires, according to a new AM Best briefing. The Best’s Briefing, titled, “Specialty Insurers’… Continue reading Specialty Insurers’ Exposures to PG&E Bankruptcy Are Within Risk Appetites