Bad Economy Hurts, But Doesn't Sink EPLI Market
Awash in a rising level of claims and big-dollar settlements, employment practices liability insurers are grabbing for the life preservers of higher retentions and higher rates, but so far few are jumping ship completely, experts say.
The good news in the EPLI market is that claims experience for insurers and prices for buyers have not reached the astronomical levels of securities lawsuits and directors and officers liability policy premiums. The bad news is that, on both fronts, things still look pretty bad.
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