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D&O Rates Still Soaring

Insurance premiums for directors and officers coverage increased substantially from 2002 to 2003, but there were signs of market stabilization going into last years fourth quarter, a survey by Tillinghast revealed.

The D&O liability survey of 2,068 U.S. participants in 16 business categories found that rates have increased 33 percent, on average, during the period. Seventy percent said they saw premium increases, while only 19 percent reported a decrease.

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