D&O, E&O Rates Going Up For Companies In Crisis

Law360, New York (March 20, 2009, 12:00 AM EDT) -- Legal claims are stacking up against many companies as well as their executives and directors as an aftershock to the financial crisis, leading insurers to start considering rate increases, or coverage reductions, for directors and officers and errors and omissions policies, insurance experts say.

In the financial services sector in particular, insurers are hiking rates substantially in many cases for such liability policies, said insurance brokers and other experts. Increases are also showing up in the real estate industry, as well as for numerous other companies...
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