Directors' and officers' liability insurance rates surge

Posted On: Nov. 6, 2018 4:58 AM CST

Teri Solomon, official at insurance broker Marsh South Africa, said that directors' and officers' liability insurance rates have surged up to 200% in some cases following increasing corporate governance-related scandals in the country, BusinessDay reported. Philip Hobson, official at AIG South Africa Ltd., said that insurers are also introducing exclusions in insurance policies for directors accused of fraud or sexual harassment.