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The big picture: The problems with professional liability insurance

Thomas Berman discusses why the US professional liability insurance marketplace has changed little in 20 years

16 July 2012

Thomas Berman discusses why the US professional liability insurance marketplace has changed little in 20 years

Changes in the professional liability arena are sometimes hard to discern in the United States. In fact, since the fibreboard cases in the 1970s and 1980s when professional liability policy forms were changed, there has been little observable alteration in the way that the industry writes the business and the way that lawyers perceive or comprehend the professional liability insurance world.

This isn’t really an indictment of the insurance industry or law firms, but rather a commentary on the way that lawyers view their own professional liability coverage and their level of sophis...

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