Insurance agents and brokers may have trouble competing on price when it comes to professional liability coverages, so they may have to look to other areas to remain competitive.  (Credit: Andrii Yalanskyi/ Adobe Stock) Insurance agents and brokers in 2023 may have trouble competing on price when it comes to professional liability coverages. Market experts advise them to look to other areas to remain competitive.  (Credit: Andrii Yalanskyi/ Adobe Stock)

A softening of the management liability and professional liability insurance markets that started in 2022 continues this year, according to the 2023 U.S. Management and Professional Liability Market Outlook released recently by Risk Placement Services (RPS).

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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