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Representation and Warranties Claims Reach Record Payouts in 2024
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Representation and Warranties Claims Reach Record Payouts in 2024
Aon released a recent report titled “Rep & Warranties Payouts Set Records In 2024, Aon Says.” That report described over $300 million in representation and warranties insurance claim payouts for North American clients, a record annual total. Aon also reported that the median payment size was $5.5 million, indicating significant recovery on noticed claims. Hunton partner Syed Ahmad was recently quoted in a Law360 article, commenting that the mark…
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