Professional and management liability rates are expected to increase in 2013 by up to 10 percent, says the majority of industry professionals in a recent survey.
Specialty insurer Torus today released the results of a survey of 105 insurance professionals attending the Professional Liability Underwriting Society conference in Chicago earlier this month.
Jeffrey Grange, senior vice president, head of Professional Lines at Torus says in a statement, "2012 was a year of widespread concern over pricing uncertainty. Today, the overwhelming consensus is an anticipation of rate increases in 2013.
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