Directors and officers (D&O)

It warned that social inflation is another key factor driving rate increases in the liability marketplace. “Companies continue to be held accountable for social ills, whether they were actors or bystanders, and today’s juries seem numb to monetary values. Fingers are also being pointed at D&O, underscored by a record number of shareholder class actions. Accordingly, D&O liability insurers have demonstrated discipline by raising rates and hedging bets by deploying much lower limits on any one risk,” it added.