For only the second time in five-and-a-half years, average directors and officers liability insurance prices for all types of buyers may show an uptick for second-quarter 2009, a broker predicted.
While the rise in D&O prices for the financial institutions sector has been steady since 2007, the overall average has been on a decline since at least 2004, according to Aon.
Michael Rice, chief executive officer of Aon's Financial Services Group in Denver, Colo., said yesterday he based prediction of the overall average pricing change from second-quarter 2009 compared to second-quarter 2008 on very preliminary figures.
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