NU Online News Service, June 23, 3:52 p.m. EDT
Companies in the United Kingdom, particularly those traded inthe United States, are buying huge amounts of insurance coverage asincreasing class actions target their management, a survey of riskmanagers has found.
The poll, by the London-based Association of Insurance and RiskManagers and the New York-headquartered Advisen Ltd. market dataanalytics firm, found about 25 percent of firms responding saidthey bought ?100 million ($163 million) or more directors andofficers liability coverage.
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