D&O liability price per million up 13.8%: Aon
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The price per million of directors and officers liability insurance for Aon PLC clients increased 13.8% in this year’s first quarter compared with the same period a year ago, the brokerage said in a report issued Thursday.
This is an increase from the 11.6% increase Aon reported in its fourth-quarter 2018 report.
The price per million for clients that renewed in both 2019 and 2018’s first quarter increased 9.4%, according to the latest report.
Only 4% of primary policies renewing with the same limit and deductible had a price decrease, while 77% had price increases, the report said.
The overall price change for primary policies renewing with the same limit and deductible was up 4.6%, the report said.
The report said 90.3% of primary policies renewed with the same limit, 73.6% renewed with the same deductible, 68.1% renewed with the same limit and deductible, and 93.1% renewed with the same insurer.
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