D&O insurers in the U.S. should brace for COVID-19-related losses, says Fitch Ratings. (Photo: Shutterstock) D&O insurers in the U.S. should brace for COVID-19-related losses, says Fitch Ratings. (Photo: Shutterstock)

Directors and officers (D&O) insurance has faced a lot of scrutiny during the COVID-19 pandemic, as claims arising from government-mandated shutdowns and return-to-work risks continue to mount.

According to Fitch Ratings, underwriting losses will likely continue over the near term for the U.S. D&O liability insurance, with claims payouts taking years to complete. On the brighter side, Fitch sees limited risk to the ratings of larger, more diversified insurers in the D&O segment.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.