The professional liability underwriting landscape is not likely to improve any time soon. (Photo: Shutterstock) The professional liability underwriting landscape is not likely to improve any time soon. (Photo: Shutterstock)

As insurance brokers and attorneys, we constantly hear of the hardening of the professional/management liability market during COVID-19. But that can be misleading. The hardening that we are experiencing is nothing like a traditional "hard market." COVID-19, alone, poses huge claim concerns for insurers, but combine a lingering pandemic with a stressed economy, impending bankruptcies, and civil unrest, and you have the recipe for insurance claims on a magnitude never before seen.

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.