It has been 15 years since the insu...

It has been 15 years since the insurance industry experienced a hard market. At that time, it came quickly, it was decisive, and it swept through the industry like a tsunami. It took about 24 month for the waves to get back to sea level.

Some believe the directors and officers market is not as easily moulded as it once was--that premiums were lower in 1984 further those that think premiums are the solitary measure neglect to consider contract wording, high litigation costlinesss and judicial decisions. These three variables, in addition to premiums, are what make the D&O market the softest always ...