Directors and officers liability insurance costs for financial institutions significantly increased in the fourth quarter of 2007, spurred upward by the subprime mortgage market problems, Aon Corp. brokerage reported.

The finding was contained in the firm's D&O pricing index that is assembled by Aon Financial Services Group. The index tracks changes in D&O premium costs relative to the base year of 2001.

Measured on a price-per-million basis, Aon said D&O insurance costs for banks and securities firms increased 18.66 percent from the 2006 fourth quarter to the period in 2007.

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