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Study: Subprime Crisis Not Materially Affecting D&O or E&O Pricing
National News • February 5, 2008
The crisis in the subprime mortgage market has had little impact on availability, cost or policy conditions of directors and officers liability (D&O) and errors and omissions liability (E&O) ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: E & O pricing not effected?!?!?!? | Mason Power | Feb 7, 2008, 11:41 pm |
| E & O pricing not effected?!?!?!? | Mark | Feb 5, 2008, 12:44 pm |
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Subject: RE: E & O pricing not effected?!?!?!?
At the C&S dinner in New York in December we heard from a broker that an Fin'l Inst client had seen a 70% price increase in D&O. We assumed that this would be the case.
Looking at the data that comes in via the RIMS Benchmark Survey and from our data sharing broker partners, there were few exceptions to the soft market rule, even among FIs.
That's why we ran an additional survey ahead of the ABA Conference, which confirmed the findings.
That being said, I still find it incongruous and would be happy to work with you to include your clients' data in our data set so that we increase the accuracy of the findings.
Feel free to contact me on mpower@advisen.com to arrange.