D&O Market Trends

Insurance experts say laddering claims probably wont have a great impact on the directors and officers insurance market going forwardbut there continues to be a lot of pressure on the market, which is likely to become more evident in 2002, they say.

"There are still a lot of companies [which issued IPOs] that have not been sued," said Kevin LaCroix, president of Genesis Professional Liability Managers of Beachwood, Ohio, noting that while there were 896 IPOs from 1998-2000, only about 150 issuers have been named in laddering cases.

For the remaining companies still in business, whose renewal dates are between now and Dec. 6 (the date many believe is the date when the statute of limitations will run out), insurers may seek separate retentions for laddering claims, he said.

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