Time Is Right For ClaimMadeSettlements In Securities Fraud Class Actions
Industry commentators share little doubt that we are in an ever-hardening directors & officers insurance market, a phenomenon that began earlier this year with fairly regular and sustained premium increases on renewals of expiring policies.
Concurrently, there has been an increase in the cost of reinsurance and a shrinkage of reinsurance capacity, as well as restrictions in the scope of coverage under the policies through more broadly-worded exclusions and introduction of significant coinsurance and/or pre-determined allocation factors.
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