According to a recent Torus survey, 87 percent ofProfessional Liability Underwriting Society (PLUS) members believemanagement liability will increase in 2013. Attendees of the PLUSconference in November 2012 were asked to identify key trends andcurrent issues affecting the market. 

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Other findings include:

  • Nearly half of respondents declared the Dodd-Frank Wall StreetReform and Consumer Protection Act as the legislation to watch,while 28 percent believed Patient Protection and Affordable CareAct (PPACA) would be most important and 23 selected the JOBSact.
  • Forty-nine percent of respondents cited reduced compliance anddisclosure as the biggest exposure the JOBS Act would have on theD&O market.
  • Increased demand for professional liability coverage amongallied health service providers was chosen as the biggest impactPPACA would have on the market by 36 percent of conferenceattendees. 
  • A majority of respondents (87 percent) believe managementliability and professional lines pricing will increase in 2013 with67 percent predicting the increase could be as much as 10percent. 
  • One-third of those surveyed chose professional liability as thesegment that will drive price increases in 2013. 
  • Fifty-eight percent expect small and medium sized enterprise(SME) requests for media liability policies to mitigate socialmedia risk to increase or significantly increase in 2013.
  • One-third of respondents selected data leakage as the primaryrisk SME's must address when using social media.

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