Claims pressures reshape underwriting as carriers tighten terms across key segments
Third-party litigation funding (TPL) is contributing to reduced availability and increased pricing in key liability lines, according to the Council of Insurance Agents & Brokers (CIAB).
The CIAB’s first-quarter Commercial Property/Casualty Market Report notes that the practice is affecting claims trends and insurer underwriting behavior across umbrella, automobile, and product liability insurance.
Survey responses from agents and brokers cited difficulties in securing higher excess limits in certain segments, particularly in heavy auto and complex product liability. One respondent said insurers