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Directors & Officers Liability Survey 1999 Results and Historical Trends

This survey provides data on directors and officers liability, covering claim frequency, severity, indemnification, insurance coverage, and purchasing patterns. It highlights changes in 1999 and historical trends.

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Directors & Officers Liability Survey 1999 Results and Historical Trends

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  1. Directors & Officers Liability Survey1999 Results and Historical Trends Casualty Actuaries in ReinsuranceJune 15, 2000 Mark W. Larsen

  2. Directors & Officers Liability SurveyBackground • Formerly conducted by Watson Wyatt.Conducted by Tillinghast as of 1998 Survey. • Self-selecting nonprobability sample of claim and insurance purchasing patterns. • Responses submitted primarily in second half of calendar year. • Not every participant answers every question, even though there is substantial follow-up. • Over 1,400 usable responses in 1999 Survey, including Canadian responses.

  3. Directors & Officers Liability SurveyChanges for 1999 • Education reintroduced, after Healthcare in 1998. • More high technology firms (again). • More small firms (again). • More Canadian firms. • Much more detail about coverage features.

  4. Directors & Officers Liability SurveyParticipation by Business Class

  5. Directors & Officers Liability SurveyClaim Frequency by Business Class

  6. Directors & Officers Liability SurveyClaim Frequency by Asset Size - For-Profit

  7. Directors & Officers Liability SurveyClaim Frequency by Ownership

  8. Directors & Officers Liability SurveyClaim Frequency by Merger/Acq./Div. - For-Profit

  9. Directors & Officers Liability SurveyClaim Frequency by After-Tax Losses - For-Profit

  10. Directors & Officers Liability SurveyClaimant Distribution - For-Profit * Adjusted

  11. Directors & Officers Liability SurveyClaimant Distribution Source: 1999 D&O Liability Survey

  12. Directors & Officers Liability Survey Average Severity for Closed D&O Claims Note: Excludes claims closed w/o payment

  13. Directors & Officers Liability Survey Average Indemnity Severity by Business Class Note: Excludes claims closed w/o payment

  14. Directors & Officers Liability Survey Average Defense Severity by Business Class Note: Excludes claims closed w/o payment

  15. Directors & Officers Liability Survey Average Indemnity Severity by Asset Size Note: Excludes claims closed w/o payment

  16. Directors & Officers Liability Survey Average Defense Severity by Asset Size Note: Excludes claims closed w/o payment

  17. Directors & Officers Liability Survey Average Indemnity Severity by Claimant Note: Excludes claims closed w/o payment

  18. Directors & Officers Liability Survey Average Defense Severity by Claimant Note: Excludes claims closed w/o payment

  19. Directors & Officers Liability Survey Indemnification by Firm for D&O Claims Source: 1999 D&O Liability Survey Claims with some non-entity defendant only.

  20. Directors & Officers Liability SurveyInsurance Coverage of D&O Claims - Closed

  21. Directors & Officers Liability SurveyPrevalence by Business Class

  22. Directors & Officers Liability SurveyPrevalence by Asset Size

  23. Directors & Officers Liability SurveyPrevalence by Ownership

  24. Directors & Officers Liability SurveyEntity Coverage Prevalence by Asset Size

  25. Directors & Officers Liability SurveyMain Reason for Not Purchasing D&O Insurance

  26. Directors & Officers Liability SurveyD&O Premium Index - U.S.

  27. Directors & Officers Liability SurveyFull D&O Limits Capacity (Millions)

  28. Directors & Officers Liability SurveyAverage Total Limit by Asset Size

  29. Directors & Officers Liability SurveyAverage Corporate Deductible by Asset Size

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