Rearview Mirror Explains EPLI Shifts
Now that the soft market is just a memory and we are confronted with the reality of the hard market, many employment practices liability insurers are reeling from the effects of soft market practices for an insurance product that, in retrospect, had been severely underpriced and “under” underwritten.
It should come as no surprise that many of these “bargain basement” insurers have either vanished from the market entirely or are licking their wounds, while feverishly trying to restructure their EPLI programs to conform with todays changing market and voluminous litigation environment.
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