Endless SPAC Boom Wears Out Insurers

The transcript discusses the impact of the SPAC boom on the insurance market, highlighting how the influx of SPACs overwhelmed insurers, leading to increased premiums and altered terms. It emphasizes the challenges faced by new SPAC directors in securing liability insurance and the market's adaptation to these changes. The discussion also covers the future of SPAC insurance, noting that insurers are cautious due to the unknown risks and the need for more successful SPAC mergers to stabilize the market.

Why is it challenging for insurers to price D&O insurance for SPACs?

What might lead to a stabilization of the insurance market concerning SPACs?