Privately-held California Insureds are seeing a tougher market
The past year has seen a hardening of the Directors & Officers market through increased rates, increased retentions, reductions in coverage, reductions or removal of Wage & Hour defense costs and non-renewals of certain insureds.
There are many different reasons for these changes to the marketplace. Some of these include:
As a result of this, Insureds can expect to absorb more of the costs in premium payments and increased difficulty in obtaining defense costs for Wage & Hour claims.
As a Chapman client, you can expect us to take this into consideration as we go through your renewal process and seek out the best options for your organization.