Cost of class action settlements in Australia doubles in five years
A rise in shareholder class actions are increasing premiums for directors' and officers' insurance in Australia, according to law firm King & Wood Mallesons.
The value of class action settlements in Australia rose to AUS$506m in 2012 from around AUS$200m in 2007.
As a result, insurers are making less money from directors' and officers' insurance, and
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