D&O defence costs double: AGCS

Defense costs under directors' and officers' (D&O)
policies have almost doubled in the past six years, according to
Allianz Global Corporate & Specialty (AGCS).
In a recent report, the insurer pointed to a global trend of
D&O claims being dragged out, resulting in lengthier legal
battles that increase settlement expectations and rack up legal
fees.
As an example, AGCS highlighted US securities class action
cases, which tend to take three to six years to conclude and cost
an average o