Mutual Fund Liability Rates Soar
Insurers have hiked liability premium rates for some mutual fund companies as much as 500 percent and have adopted tougher terms and conditions in the wake of regulators investigations at a number of firms, according to industry participants.
Paul Kim, managing director at Chicago-based Aon Corp., said the increases in the last few months have affected premium rates for directors and officers and errors and omissions insurance. In addition to fallout from official inquiries, rates are also reflecting exposures to stockholder lawsuits, he said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
