“Corporate Australia could face a future in which D&O (directors’ and officers’) insurance is no longer available or affordable or provides the coverage expected or required.”
That was the warning made by top broker Marsh in its six-page submission to the Parliamentary inquiry on litigation funding and the regulation of the class action industry. In fact, Marsh expects the D&O insurance market to keep hardening over the next 12 to 18 months not only in Australia but globally.
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