Will soft pricing in the directors and officers insurance market continue in light of a second-quarter uptick in 2010 securities suits reported recently?
Michael Rice, chief executive officer of Aon Financial Services Group in Denver, Colo., is skeptical. "One quarter does not necessarily change anything. It would have to be more of a trend--multiple quarters, a full-year type thing, [and] quite frankly, if the increase in frequency in the second quarter doesn't continue into Q3 and Q4, it probably won't impact pricing negatively," he.
"The price of D&O insurance today, without even adjusting for inflation, is back at the levels it was at in 2000," he reported. "So this is a really good and relatively inexpensive time to be buying D&O insurance. Unless frequency goes up, these good times are here to stay."
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