Specialty Lines Writers Remain Bullish About Professional Liability Insurance Market Conditions still favorable for those who know where to target, carriers say
The softening of directors and officers liability coverage prices in recent months have been getting plenty of industry participants a bit skittish, leaving them wondering just how these falling premium rates might affect professional-liability carriers.
Damien Magarelli, associate director at New York-based Standard & Poor's Ratings Services, said he is now witnessing generally heightened price competition in the professional liability market and that many policies and contracts have actually had price decreases in recent times.
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