Price Hikes Begin To Taper Off For Lawyers
Brokers expect hard-to-place attorneys to find respite this year in moderating market
Prices for lawyers professional liability insurance and "hard-to-place" attorneys' coverage are no longer skyrocketing, according to industry participants who say they expect single-digit rate hikes at most this year.
"There appears to be less of an increase this year than what law firms have experienced over the past 24 months," said Anne Marie Davine, senior vice president and the national law firm practice leader at Marsh, the brokerage unit of Marsh & McLennan Companies.
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