EPL Lion Not Yet Tamed Losses in the employmentpractices liability market are still growing and underwritersactions over the last two-plus years have not yet completely tamedthis lion.
While real progress has been made, a good deal of work will needto be done just to keep up with the dynamic employment law climate.EPL is a line facing frequency and severity exposure; frequency isup and more severity pops may be on the horizon.
Frequency is rising due to continued growth in employeeawareness, increased layoffs, and a more aggressive and growingplaintiffs bar specializing in employment law. Increased severityis due to more multiple claimant and class-action claims beingfiled at the state level against not just huge high-profileemployers but also against mid-sized employers and employers withlocal or regional public profiles.
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