"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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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]

Commercial Lines
Corporate Risk