U.S. options probe could cost insurers billions in lawsuits, broker says

Insurers may end up paying more than $1 billion in claims as U.S. probes of executive stock-option awards trigger widespread shareholder lawsuits, an executive at insurance broker Willis Group Holdings said. As many as 300 companies may ultimately face lawsuits costing an average $5 million per policyholder, said Ann Longmore, an executive vice president at the ...

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U.S. options probe could cost insurers billions in lawsuits, broker says

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