As directors and officers liability insurance prices and securities class action filings both decline, potential insurer profits will hinge on severity and the final disposition of a recent wave of derivative actions, experts say.
Driving downward pricing trends in this market is the apparent profitability insurers experienced in 2005, but some observers believe the market may be bottoming out as far as pricing is concerned.
In one report, Greg Spore, senior vice president with Marsh's FINPRO practice, speaking recently during the firm's "The New Reality of Risk" Webcast series, said capacity is abundant and stable, with premiums falling and program enhancements being granted to insureds primarily over rescission issues.
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