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D & O Defense Costs Improved: A.M. Best



The insurance debts of the Board and the officials have been fairly stable over the past five years, but the performance has improved, says A.M. Best Inc. in a report issued Tuesday on the market in 2018.

Best said, the direct defense cost limitation, which reflects expenses associated with defense, litigation, or cost limitation of a claim, dropped to 11.4% in 2018 from 14.7% % in 2018.

The driving improvement was a decrease in court procedures for federal securities, from 412 in 2017 to 403 in 2018, although "they remain significantly higher in previous years", according to the D & O report: Is it really bright at the end of the tunnel?

The report said that the reduction in the number of case law for securities class documents may also be due to the decrease in the number of listed companies, a rise in interest rates and changes in insurance policies. [1

9659002] The report said loss and defense cost concentrations improved for only 37% of the authors, but they accounted for nearly 60% of 2018 written prizes.

The report stated about 2018 premiums, about $ 5.6 billion for receivables, $ 50 million for deposits and $ 824 million was undivided by the industry.

A total of 77% of monoline D&O authors also write D&O in commercial multiline policies, while 23% write only monoline policies according to the report.

According to the report, the largest D&O writer American International Group Inc. reported a decrease in direct premiums in 2017 to 7.8% to $ 868 million, and the second largest, Chubb Ltd., wrote $ 767 million in premiums , a decline of 2.6%.

                    


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