After a plaintiffs' lawyer active in securities litigation predicted no letup in filings for 2008, a defense lawyer gave some crystal-ball predictions about what might be ahead for D&O insurers in 2013 at an underwriter's conference last month.
"Rumors of the death of the plaintiffs' bar have been greatly exaggerated," remarked John Rafferty, vice president of Hartford Financial Products in Chicago, during the Professional Liability Underwriting Society D&O Symposium, pointing to various reports showing an uptick in federal securities class-action filings last year.
The increases reversed a nearly two-year decline in filings, the reports said.
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