BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
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.
Profitability in the U.S. directors and officers liability insurance market remains pressured amid unfavorable claims trends and a pricing environment that has not kept up with increasing risks, according to a new report from A.M. Best Co. Inc.