D&O (Directors and Officers)
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The Hollywood mogul is said to have reached a settlement for the civil cases filed against him.
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Data from the Q3 CIAB pricing survey provides solid evidence the market today is well beyond anything seen since the turn of the decade.
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The rate rises followed a slew of high profile class actions and derivative lawsuits against US public firms.
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The class action comes amid concerns over an uptick in environmental-related D&O claims.
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Sources said the new clauses would limit future opioid-related claims.
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Fitch said AIG’s reduction in appetite has exerted a “strong influence” on the class of liability business.
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The report suggests a continuation of upward D&O pricing momentum recorded in the first quarter.
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US commercial insurance pricing increased by 4 percent in the second quarter, according to the broker.
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The rise of technology has made our lives exponentially easier. The iPhone I carry around with me means I can be contacted at any time of day on all manner of platforms – calls, text, emails, WhatsApp, Slack, WeChat and more.
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Derivative actions and social inflation have created a significant uptick in claims activity.
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Daly has joined a new broking and investment banking platform recently launched by Cobbs Allen.
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Ariel Duris said heavy regulation means the industry submits fewer claims than other sectors.