U.S. D&O Liability Insurance Continued to Generate Loss
The U.S. directors & officers (D&O) liability insurance segment continued to generate favorable loss ratios through the first half of 2023
Directors and Officers insurance (D&O insurance) provides coverage for a company and its management, protecting them from claims arising from their decisions and actions.
D&O insurance policies offer liability coverage for company managers to protect them from claims which may arise from decisions and actions taken as part of their duties. Today’s increasingly complex legal environment means businesses face a heightened prospect of liabilities and litigations, often driven by “adverse news events”. Companies usually purchase D&O insurance because lawsuits are expensive, and the costs associated with them are rising. Moreover, if companies do not have a good D&O insurance program in place it is unlikely that they will be able to attract top managerial talent, given the potential risks involved.
The U.S. directors & officers (D&O) liability insurance segment continued to generate favorable loss ratios through the first half of 2023
Following are five D&O mega trends companies should watch for and guard against in 2022, according to AGCS financial lines and D&O experts
The top five risk trends boards of management need to guard against in 2023, according to AGCS financial lines experts