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A Delaware judge ruled that a “bump-up” exclusion was inapplicable. -
Federal court securities class actions hit a four-year high last year.
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Frequency and severity of claims is starting to rise, and comes after sharp softening of rates.
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The expectation – and strong hope – is that deregulation will spur growth and bring benefits to the D&O line.
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Underwriting remains disciplined as insurers target profitable growth.
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The price for policies with the same limit and deductible decreased 6.0%.
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D&O direct written premiums fell 8% YoY as of June 30, and direct earned premiums declined 16%.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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The firm will specialize in professional liability insurance for SMEs.
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Renewals with flat or increased premiums are on the rise, however.
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Expansion of the middle-market book is an ongoing focus.
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However, the market is still struggling with excess capacity and low demand.
