Leaders of U.S. organizations rank cybersecurity, employee claims as top directors and officers (D&O) liability concerns: Willis Towers Watson report
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
Last willis towers watson public limited company - ordinary shares earnings: 4/30 06:01 am
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Source: GlobeNewswire
ARLINGTON, Va., July 19, 2018 (GLOBE NEWSWIRE) -- Cybersecurity ranked as the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks were also identified as critical D&O exposures, according to Willis Towers Watson’s (NASDAQ: WLTW) 2018 Management Liability (Directors and Officers) U.S. Survey. According to the report, the top D&O risks “in the coming year” include cyber incident/cyber claims (80%), claims by employees (55%), and regulatory and enforcement risks (48%). Meanwhile, concern over investor claims ranked seventh among the top concerns, a finding the report said was “surprising” given the rise in shareholder activism and trends in securities class action filings. Respondents said D&O premium rates and any insurance program cost changes over the past year were primarily driven by company financial performance (39%) and industry risk
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