Financial D&O claim up 100%

John Taylor, chief underwriting officer at CNA Europe, says claims on D&O policies have increased 70%-80% in the past two-and-a-half years, with claims in the financial sector rising by more than 100%, the Sunday Times reports.

“Increasing bankruptcies mean there are stakeholders looking to recover some money, and that will often mean people making claims,” Taylor said.

The paper carries a lengthy feature on why companies should buy D&O.