Claims frequency is not having an effect on directors and officers liability insurance pricing and coverage, according to a June analysis from insurance broker Aon, finding that the D&O market is still a buyer's market.
A quarterly analysis of the market by Aon's Financial Services Group says that the average price for $1 million in D&O coverage limits dropped 15.7 percent in first-quarter 2011 compared to first-quarter 2010.
Aon notes that since policies are written for a 12-month period, the year-over-year comparison "is a close approximation of renewal pricing."
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