Liberty Mutual experts sound off on what to keep an eye on in the market
The insurance industry may not have learned lessons from past professional lines challenges, particularly across directors and officers (D&O), employment practices liability insurance (EPLI), errors and omissions (E&O) and management liability, a financial lines specialist has cautioned.
“From my perspective, for some reason, the insurance industry never seems to learn from past mistakes — and a lot of times it’s irrational,” said Michael Englert, head of private non-profit financial lines, Liberty M