D&O Liability Up As Claims Increase
NU Online News Service, April 24, 3:40 p.m. EST?Purchasers of directors and officers liability insurance paid nearly 30 percent more for their coverage last year, according to an industry survey.
Tillinghast- Towers Perrin's "2002 Directors & Officers Liability Survey" found that the sustained increase in premiums reflects continued concern over high-profile bankruptcies, corporate scandals, and directors and officers lawsuits?particularly securities and shareholder litigation.
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