Opinion: Latest D&O claim is loss London doesn't need

Who would be a D&O underwriter?
That rates have been close to punishing for a long time is not
news, but with coverage terms becoming ever broader and the number
of securities class actions rising month-on-month, it's
becoming tougher to make D&O profitable.
Since the financial crisis claims have tripled in this class of
business, with Marsh reportedly receiving 1,300 D&O claim
notifications in the UK annually.
Combine that with rates that appear to be in perpetual freefall
and a...