US Public Company Security Incident

H2 2022 1096 days ago Resolved

Incident Overview

Situation Description

The US public company D&O insurance market is experiencing pricing relief and strong competition, with a decrease in premiums expected for the second half of 2022.

Event Types

Financial Loss

Industry Sector

Insurance

Geographic Scope

National (US)

Response Actions

Managed Public Narrative & Crisis Communications Revised Incident Response Plan Enhanced Third-Party & Supply Chain Risk Management

Impact Analysis

Event Types (1 identified)

Financial Loss

Financial Impact

$0 USD

Records Affected

Data Types Compromised

N/A

Primary Impacts

Financial Loss Reputational Damage Legal/Regulatory Penalties

Key Decisions Made

Companies should optimize opportunities and remain vigilant in renewal preparations, working with brokers for comprehensive policy reviews and broadest coverage.; Companies must demonstrate to insurers that they are well positioned to address economic challenges and have adequately described risks to investors.; Companies should focus on structuring optimal D&O programs, using data analytics and personalized damages modeling for coverage assessment.

Technical Analysis

Attack Method

Unknown

Additional Information

Home / All Governance Resources / Directorship Magazine / US Public Company D&O Insurance Market Sees Pricing Relief, Strong Competition Directorship Magazine / US Public Company D&O Insurance Market Sees Pricing Relief, Strong Competition More Governance Overview Committees & Roles Committees & Roles Overview Audit Committee Compensation Committee Nominating & Governance Committee Board Leadership General Counsel/Corporate Secretary Full Board Operations Core Oversight Topics Core Oversight Topics Overview Compliance, Ethics & Liability Private Company Governance Shareholder Engagement Succession Planning Strategy and Risk Talent, Culture, and HR Trending Oversight Topics Trending Oversight Topics Overview Artificial Intelligence Climate & Sustainability Digital Transformation Geopolitical Risk Cybersecurity Governance Research Blue Ribbon Commission Reports Director FAQs and Essentials Directors Handbooks Outlook and Challenges Governance Surveys Surveys & Benchmarking Director Compensation Report Directorship Magazine Directorship Magazine Overview Directorship Online (formerly BoardTalk) Submission Guidelines BoardVision Podcast Future of the American Board Blue Ribbon Commission Reports Navigating Your Board Career Empowering Directors. Transforming Boards. Share This Page US Public Company D&O Insurance Market Sees Pricing Relief, Strong Competition By Matthew McLellan 06/16/2022 A A D&O Insurance Director Liability Online Article For the first time in four years, it is likely that an increasing number of public companies will, on average, experience a year-over-year decrease in their US directors and officers liability (D&O) insurance premiums in the second half of 2022. Material premium increases have become increasingly rare, and there is a dramatic return to competition in the marketplace as insurers look for new sources of revenue. Despite a return to competition, the underwriting community remains focused on several risk areas including legal and...

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Quick Facts

Company:: US Public Company
Date:: H2 2022
Status:: Resolved
Decision Maker:: nan
Position:: nan
Published:: 16/06/2022

Source Information

Original Query

Director and Officer (D&O) insurance premium trends after SEC cyber disclosure rules

View Original Source

Timeline

Information Published

16/06/2022

Incident Occurred

H2 2022 (1096 days ago)

Status: Resolved

Estimated resolution based on age

Actions

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