Pro liability firms locked in soft mkt. (competition has forced liability insurers to write generous policies at bargain prices): An article from: National … & Casualty-Risk & Benefits Management

Pro liability firms locked in soft mkt. (competition has forced liability insurers to write generous policies at bargain prices): An article from: National ... & Casualty-Risk & Benefits Management





This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on November 11, 1996. The length of the article is 969 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The highly competitive liability insurance market has led many insurers to write broader, cheaper policies than they would normally write. The cost of liability insurance for consulting engineers, as a percent of billings, dropped from 3.4% in 1993 to 2.6% in 1994, a trend that seems to be continuing. Many of these policies are being written with overly liberal clauses such as indemnification of the client of a policyholder. Low claim rates are leading many clients to purchase the cheapest insurance possible.

Citation Details
Title: Pro liability firms locked in soft mkt. (competition has forced liability insurers to write generous policies at bargain prices)
Author: Stephanie D. Esters
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: November 11, 1996
Publisher: The National Underwriter Company
Issue: n46 Page: p9(2)

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