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It was relief at last for D&O insurance buyers at the mid-year renewals. After years of rising premiums, a flood of competition saw rates slashed by up to 20 percent for some risks. Is it sustainable? asks Intelligent Insurer.
Florida insurance failures and last-minute legislative changes put re/insurers in disarray at the 1/6 renewals. The result was the worst chaos and capacity crunch seen in years, according to Ariel Re.