litigation costs News

Directors’ Liability Insurance Rates Surge on Virus Litigation Fears

LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, …

LexisNexis: P/C Carriers Increase Use of Alternative Fee Arrangements

Nearly 80 percent of property/casualty insurance carrier legal and claim departments use alternative fee arrangements (AFAs), according to a recent LexisNexis CounselLink survey. This is an increase from 69 percent reported in August 2015. According to the report, the use …