Rates, Renewals, and Revivers—Oh My!

A conversation on the intersection of legislation, litigation, and liability insurance

Praesidium turned to a panel of insurance industry experts to understand the current trends in sexual abuse and misconduct liability and gather tips for brokers, carriers, and policyholders as we navigate the 2022 renewal cycle. Key takeaways include:

• Shifting statutes of limitations for abuse claims, legislation, expanding prevention standards of care, ensuing litigation, and increasing settlements continue to drive stricter underwriting guidelines, increased premiums, and reduced coverage availability.

• Organizations that serve vulnerable individuals have made great strides in their prevention efforts over the last few years, in a hard market squeezed by post-pandemic staffing shortages and reduced financial resources.

• Preventing abuse will help all of us in safeguarding those who need our help the most.

Prioritizing abuse prevention is key. Start your conversation today to leverage existing partnerships with brokers, carriers, and service providers, many of whom are launching unique tools to support the industry.