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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.

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Heather A. Turner

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

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