As Impairments Rise by at Least 30%, D&O Insurers Feel the Pain (BestWeek)
Submitted by Kathleen McGrath on Wed, 02/03/2010
An exclusive BestWeek story reports that impairments for both life/health and property/casualty writers are up by at least 30%, compared with 2008. At least 20 insurers became impaired this year, up from 15 in 2008 and 14 in 2007. And though the pain is widespread, it’s especially felt by a company’s directors and officers insurers, which pay for defense costs, as well as any settlements that arise from lawsuits, BestWeek U.S./Canada reports.
http://www.insurancebroadcasting.com/insurance-news-122309-5.htm
