By Bill Russell, CEO, BRIA Insurance & Risk Consultants,
 and Kevin Semtner, partner, Walthall-Sachse & Pipes Inc.

As society continues to flood a volatile economy with more lawyers and tort lawsuits, we have seen a spike in businesses buying coverage for employment practices liability (EPL), directors & officers (D&O) and errors & omissions (E&O) from our agencies. As members of Combined Agents of America (CAA), we hear the same stories from the other 42 independent agencies that make up our group across Texas, Kansas and Oklahoma. The buzz among our members is that sales of EPL, D&O, and E&O insurance are expanding at a brisk pace, and for compelling reasons.

CAA member BRIA Insurance & Risk Consultants, based in Austin, Texas, has grown its D&O and EPLI book of business by more than 40 percent in the last 2 years. During the same period, Duncan Fraser & Bridges Insurance, Pampa, Texas, another member agency, has seen its E&O sales grow by more than 160 percent.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.