Professional Liability
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The lockdown didn’t stop employment practices liability insurance (EPLI) claims. Quite the opposite. Changing rules, social attitudes, and a shift in the workplace balance of power are creating new challenges for organizations. -
Liability insurers’ exposure to litigation losses will widen, according to webinar panel.
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Covid roiled the directors and officers insurance industry, accelerating the emergence of new risks in what was already a hardening market. ESG and SPAC IPO-related litigation have also seen a spike.
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Some products have already peaked in terms of pricing, while others are still rising, said Jack Kuhn, president, Westfield Specialty.
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Andy Hottinger discusses the potential impact of COVID-19 and climate change on lines like casualty, motor, health, and professional liability.
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The management liability market has been in flux in recent years, facing pressures including increased claims, social inflation and hardening rates, said Mark Paccione, Head of Commercial Management Solutions for AXIS Insurance.
