Rates for primary Directors & Officers Liability insuranceprograms for public companies in Q1 2012 were up an average ofnearly 1.5 percent, after decreasing an average of about 4.3percent in 2011.
However, the excess D&Omarket remains soft, meaning rates for a total program—primary andexcess layers—are not increasing at the same pace, according toMarsh Global Analytics.
Lou Ann Layton, practice leader at Marsh's Financial andProfessional Liability Practice (FINPRO), says the effect ofhigh-severity securities-class-action lawsuits cannot be dismissedas a reason for insurers seeking rate, as settlement amountscontinue to grow.
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