Professional liability specialty insurers for lawyers post strong, stable results

  • Print
  • Connect
  • Email
  • Facebook
  • Twitter
  • LinkedIn
  • Google+
By Charles Mitchell, Chad C. Karls | 03 August 2009

In recent years, the specialty market for solo practitioner and small group lawyers professional liability—LPL—insurance has posted strong and stable financial results. However, the operating results of these companies were hurt in 2008 by higher claims expense and lower investment returns. This article highlights the recent financial results for a group of sixteen companies that specialize in providing LPL insurance coverage. Collectively, these companies had about $440 million of surplus at year-end 2008 supporting approximately $280 million of gross written premium.

Read or print the article