Page 441 - DCAC February 2024 Files
P. 441
Settlements and Average Amounts: 2020-2023
45 42 $14,000,000
40 $11,500,000 $12,000,000
35 $10,400,000
31 $10,000,000
30
26 $8,400,000
25 $8,000,000
20 $6,000,000
15 12 $4,800,000 $4,000,000
10
$2,000,000
5
0 $0
2020 2021 2022 2023
Settlements Average Settlement
◼ 2023 Note: The average was influenced by three large settlements (Verizon $30M, GE $61M, Ruane Cuniff & Goldfarb $124.6M); however, removing the
largest outlier leaves the average at $5.6 million.
Source: Encore Fiduciary, independent fiduciary liability insurance provider.
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