Next Fix For D&O Insurers: Eight-Figure Deductibles?
With a years worth of rate hikes and coverage adjustments behind them, directors and officers liability insurers and reinsurers arent much closer to profitability, or are simply breaking even, according to specialists who reported on the market at a recent conference.
Even before Enron put a cloud over the financial reports of corporate America, D&O insurers were devising strategies to fix loss ratios of 150 (and 300 for reinsurers), and to keep ahead of the uncertain costs of more than 700 existing securities cases filed since 1995, they say.
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