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

The price of insurance coverage for US directors and officers
(D&O) 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 2015....