September 1st, 2020: In the Carrier Management article, Social Inflation and the Risk of D&O-GL Clash, our Senior Scientist and VP of Modeling, Dr. Adam Grossman and CEO Dr. Robert Reville discuss cross-line clash between D&O and general liability, the complex clash risk environment, and delivering more effective solutions.
“If losses go up 50 percent, then premiums should go up 50 percent. This math is wrong, according to executives from Praedicat who warn about the missing D&O-GL clash piece in the formula coming from a securities litigation caboose tacked onto runaway mass tort trains. They also argue, however, that the social inflation environment is ripe with opportunity for insurance product innovators willing to offer high-limits products on a named-peril basis covering both D&O and general liability.”
Read the full article: Here
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