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“Underwriters are inundated with submissions, so it is critical to provide them with complete and thorough information to best position your clients to secure more favorable prices and terms under these challenging market conditions,” said Manny Cho, of Risk Placement Services. (Credit: MIND AND I/Adobe Stock) “Underwriters are inundated with submissions, so it is critical to provide them with complete and thorough information to best position your clients to secure more favorable prices and terms under these challenging market conditions,” said Manny Cho of Risk Placement Services. (Credit: MIND AND I/Adobe Stock)

Hard market conditions for most management and professional liability lines are carrying over from the past year, with the first half of 2021 seeing a slew of corporate bankruptcies, widespread layoffs and cyber breaches, according to Risk Placement Services (RPS).

As a result, insurance carriers in nearly every line of business in this sector are raising premiums and rates, reducing capacity and putting accounts under the microscope, the E&S wholesale broker and managing general agency reported.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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