Buyers Still Hungry For EPLI
In spite of rate and retention increases being put forth by carriers in the employment practices liability insurance market, and even with increased costs of traditional property-casualty coverages straining their budgets, buyer appetites haven't waned for EPLI, brokers and insurers report.
"I havent seen anyone that has the coverage decide not to buy it again," said Ann Longmore, national EPL practice leader for Willis in New York. Most buyers "are very reluctantly taking retentions that are much higher," she added.
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