D&O

Despite merger objections, data breach lawsuits and the #MeToo movement, claims in the D&O space have not yet combined frequency with severity in a way that will significantly impact pricing.

The #MeToo movement is already having an impact on the EPLI market. But the ripple effects of the viral campaign will reach far and wide, putting directors & officers squarely in the crosshairs as well.

Between merger objection lawsuits and other “event litigation” related to cyber, sexual harassment and more, 415 securities class action lawsuits were filed in 2017. Here’s how the trend could contribute to loss costs for D&O insurers.

Independent agent Rick Brownell Jr. joined his family’s agency 12 years ago and predicts that directors & officers insurance is “only going to become more important. A lot of responsibilities are being placed on boards to make more decisions.”

Travelers developed a new endorsement that offers additional support to directors & officers who are asked to appear at meetings or produce documents as part of an internal corporate investigation.

Wage and hour is now the fastest-growing type of employment practices claim. But with rare exceptions, D&O and EPLI policies do not provide wage and hour coverage—nor do they provide coverage for personal liability arising out of wage and hour.

Nonprofits and private companies usually don’t expect to be sued by employees, customers, private shareholders, creditors, regulators or competitors—but they are.

D&O claims against public companies have subsided since the 2008 recession. Now, it’s private company D&O in the spotlight. Find out what’s going on in this high-profile market—and how can you leverage it to grow your agency’s book.

Out of 14 total years in insurance, independent agent Sarah Logan has specialized in commercial insurance for the past 11 years—devoting eight of those to insurance for condominium and homeowner associations specifically.

For independent agents who specialize in private company D&O, the expectation that mergers and acquisitions will continue at a heightened pace is good news.