"Companies may want to take advantage of the moment and right-size their insurance after under-buying during the hard market," Priya Huskins, senior vice president, management liability, at Woodruff Sawyer, said. "When doing so, however, remember that it can be very uncomfortable for boards if companies change coverage year-over-year based only on pricing." Credit: pressmaster/Adobe Stock
Carriers are expected to continue competing on not only price but also coverage in the D&O space, which will result in soft market conditions continuing into 2024, according to market research from Woodruff Sawyer.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
