While directors and officers insurance pricing is viewed as competitive, it does not mean insurers are giving away the shop to get business, say insurance executives.
Carol Zacharias, senior vice president and counsel for ACE Professional Risk in Philadelphia, said underwriters are examining individual accounts carefully and doing their research of the boards in order to understand their principals and how the board works. Each board, she said, is assessed and priced individually on its own merits.
"There are some companies that have great boards and they will be recognized for that," she observed. "Good underwriting is more critical today than ever before."
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