D&O Rates, Retentions Still Negotiable
While debates over nuances of coverage like discovery provisions and exclusions are becoming hot topics for directors and officers brokers and insurers, the biggest issues for risk managers are still rates, retentions, and coinsurance provisions.
On the issue of rate increases, Fred Podolsky, chief executive officer of the Global Financial and Executive Risks Practice of Willis Group in New York, said, “We have not seen any subsiding of the rate increases.”
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