Directors and officers are asking more about their insurance coverage, and being charged more for it, according to a survey by Towers Watson.
After all, the worries of directors and officers are shared by insurance carriers offering coverage to them to protect against a "much wider range of claimants than in past years," says Larry Racioppo, vice president of Towers Watson's executive liability group, in a statement.
"Increasing D&O and employment litigation, coupled with inadequate pricing and retentions in the private and nonprofit [D&O] space, are all driving insurers' need for pricing increases," Racioppo adds.
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