To paraphrase Charles Dickens in "A Tale of Two Cities," many think that 2017 may be the best of times, while others think it will be the worst of times. And only the passage of time will tell.

But for insurance and finance professionals, a wait-and-see strategy is not likely to be effective; they need to plan ahead.

Although no one has a true crystal ball, New York City-based Marsh has released its annual state of the Financial and Professional (FINPRO) liability insurance market. From cyber risk to the changing regulatory landscape to increasing liability challenges for directors and officers, risks continue to evolve within the financial and professional liability insurance marketplace, the report notes.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].