D&O Insurance Rates Spike For Financial Firms

Law360 (February 24, 2009, 12:00 AM EST) -- Caught in the eye of the economic storm, U.S. financial services companies now are also paying the highest premiums for liability insurance that covers their directors and officers, a forthcoming survey shows.

The survey, done by Carpenter Moore, a NASDAQ OMX company, revealed that financial services firms are paying higher rates for D&O coverage than companies in all other industries. D&O rates for financial services firms have even surpassed those paid by life sciences and technology companies, which paid the highest premiums in 2007, according to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.