A leveling-out of systemic issues that once racked up Professional Liability claims has ushered in a new area of stability in the market. But that stability doesn't mean things aren't exciting in this space, as carriers continue to evolve with the ever-increasing need to weave Cyber coverage into policies.
Additionally, the stabilization of losses has created a competitive atmosphere for capacity and pricing, with new players entering the arena and existing carriers expanding to write coverage for professional segments they previously didn't cover. The future of Professional Liability is dynamic, executives say, and carriers are enthusiastically trying to keep up.
Stabilizing Marketplace
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