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The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.
Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.
There may simply be too many global challenges to maintain D&O's recent soft market conditions.
More than 90% of D&O underwriters believe pricing for mature public companies will go down or stay the same in the coming year.
Cannabis D&O insurance protects the company and its executives if someone sues either or both parties.
Capacity is opening up in the D&O market, leading to buyer-friendly conditions.
Insolvency is among the issues to watch as governments start pulling back pandemic-driven support measures.
Nonprofits work hard to make an impact on the causes they serve, but that doesn't mean they're immune to risks that face for-profit companies.
"We're building a great — like a major insurance company," Elon Musk said on an earnings call earlier this year.
Tesla opted against renewing its D&O policy for the 2019-2020 year 'due to disproportionately high premiums.'
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