Rates increased for primary D&O liability in Q1, Marsh says

04/25/2012 | PropertyCasualty360

Primary directors-and-officers liability insurance rates climbed about 1.5% on average in the first quarter, but pricing for excess directors-and-officers policies continued to be soft, according to Marsh. The industry is pushing for rate increases partly because of securities class action lawsuits, with settlement amounts steadily rising, said Marsh's Lou Ann Layton. Insurers also are "getting hit in all areas" by smaller directors-and-officers claims, Layton said.

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