September 2002
Financial Executive;Sep2002, Vol. 18 Issue 6, p11
Academic Journal
This article reports on hikes in directors and officers (D&O) liability insurance premiums. A series of findings of Tillinghast-Towers Perrin's 2001 D&O liability survey reveal the fact that there was an increase in an average indemnity pay of $17.18 million compared to $9.62 million in the previous year. Employment discrimination was easily the most frequent issue with financial disclosure issues being second. The survey showed that the frequency of claims held steady but the severity, meaning cost, rose dramatically.


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