US D&O rates down 6.7% despite record increase in litigation

The price of insurance coverage for US directors' and
officers' (D&O) cover fell by almost 7 percent in the
fourth quarter despite a record uptick in class action claims for
2016, Marsh has said.
Speaking on a client call, the broker's Finpro US placement
leader Gregory Spore said the average price per million dollars of
primary limit fell by 4.1 percent for insureds renewing in the
final quarter of last year, compared to renewal rates for the same
period in...