RIMS NEWS


First Quarter RIMS Benchmark Survey™ Shows Soft Landing 4/20/2009

 

Data shows hard market in financial institutions’ directors and officers; Rates flat or modestly down in other product lines

Amid an unprecedented economic crisis, insurance premiums for businesses continued to slide towards a “soft landing” rather than an abrupt reversal resulting in rate increases. While banks and other financial institutions bought directors and officers (D&O) insurance at substantially higher rates, the rest of the commercial insurance market in the first three months of 2009 saw a continuing trend of little or no change in rates, according to RIMS Benchmark Survey™.

For more information, visit www.RIMS.org/benchmark.