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The price per million for directors and officers liability insurance for Aon PLC clients that renewed in both 2018 and 2017’s third quarters increased 3.1%, said Aon Risk Solutions in a report issued Friday.
For the second quarter, Aon had reported the comparable price per million decreased 1.5%.
Aon said in its latest report for the third quarter that 53% of those renewing with the same limit and deductible experienced a price increase, while only 8% reported a decrease. The overall price change for primary policies renewing with the same limit and deductible was a 3.2% increase.
A total of 90.6% of primary policies renewed with the same limit, 88.3% renewed with the same deductible and 95.3% renewed with the same insurer, according to the report.
The price per million for directors and officers liability insurance for Aon PLC clients that renewed in both the 2018 and 2017 second quarters decreased 1.5%, said Aon Risk Solutions in a survey report issued Wednesday.