While employment practices liability insurance prices drop for buyers in most industries, diligent underwriting and employer vigilance is warranted as activity heats up at the Equal Employment Opportunity Commission and in state courts, according to experts.
What's more, with six-figure defense costs being paid to resolve even the simplest EPL matters on both coasts, neither buyers nor carriers can afford to let their guard down, experts warn.
Lucy Ann Galioto, vice president in New York with National Union, a member company of American International Group, said, "We always look to the EEOC to predict what might be the next trend" in EPL claims. She reported that last year the focus of the federal agency was rooting out "systemic discrimination."
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