Rates continue to rise
Heath Lambert has warned of further rate increases in liability classes in 2004, despite signs of so...
Heath Lambert has warned of further rate increases in liability classes in 2004, despite signs of softening in other areas.
Its latest report UK State of the Market points to rate rises of 10% - 20% in liability classes, particularly in high hazard areas such as directors' and officers' and employers' liability.
It showed a persistent wariness among UK D&O underwriters with US exposures.
It also predicted a rise in litigation against UK companies, which could have a direct impact on the cost of
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