A Perfect Storm? A Forecast for the D&O Market
In the 1700s, mapmakers often used the phrase “Here be Dragons” to warn sailors of dangerous conditions on uncharted corners of maps.
For brokers and risk managers navigating their way through the Directors & Officers liability market, the “dragons” are growing in size and number. As a result, it’s helpful to examine several factors behind the current turbulence, including an increase in the frequency and severity of Securities Class Actions (SCAs), record settlements in derivative claims, the continued emergence of event-driven litigation and increased claim costs.
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