Shareholder class-action suits are trending upward while settlement amounts appear to be declining, but insurers should keep an eye on where the trends are headed, a broker with Aon advised.
The observations came during a Web seminar titled "The D&O Marketplace: Poised for Change?" sponsored by Chicago-based insurance brokerage Aon.
Steve Shappell, managing director, National Financial Services Group legal and claims with Aon, pointed to a series of statistics that indicate directions in shareholder legal actions that affect directors and officers coverage. He said this area of coverage is "something carriers can't control and is difficult to predict."
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