In this episode, host Lynda A. Bennett is joined by Robert D. Crocitto, President at ARC Excess & Surplus, and Lynn C. Mirabella, Broker at ARC, for a discussion on the dynamics of the Directors and Officers (D&O) insurance market, in which they explore the rollercoaster ride experienced by policyholders over the past four years, particularly during the challenging COVID period. They share valuable perspectives on the current state of the D&O market, covering topics such as premium pricing, coverage flexibility, negotiations during renewal seasons, the impact of COVID-related questions, emerging challenges in industries like banking, healthcare, crypto, and cannabis, as well as the growing focus on ESG and DEI initiatives. Additionally, they anticipate increased attention to AI exposures in 2024, discussing potential supplemental applications and underwriting considerations in the evolving landscape of artificial intelligence.
Speakers:
Lynda A. Bennett, Partner and Chair, Insurance Recovery
Robert D. Crocitto, RPLU, President, ARC Excess & Surplus
Lynn C. Mirabella, Broker, ARC Excess & Surplus
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