According to experts participating in Advisen’s Executive Risk Insights Conference in Chicago, the directors and officers insurance sector has been anything but business as usual in recent years.
Securities class action litigation offers one example of activity.
“In 2015, securities class actions lawsuits were at their highest level in six years,” said Kevin LaCroix, executive vice president for RT ProExec and conference chair. “But even more importantly, the number of class action lawsuits relative to the number of public companies was at its highest level in modern times.”
Read more at http://www.advisenltd.com/2016/05/23/high-defense-costs-and-increased-litigation-make-do-market-one-to-watch/
Josh Bradford, High defense costs and increased litigation make D&O market one to watch (May 23, 2016), available with subscription at Advisen Professional Front Page News.
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