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Article: Employment practices liability mkt. developing. (Product Trends Review)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- January 16, 1995
- Author:
CopyrightCOPYRIGHT 1995 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While number of employment practices lawsuits has greatly increased over the last few years, and along with it interest in employment practices liability insurance, it will be some time before the coverage becomes "a standard buy," several industry sources contend.
"I wouldn't be suprised if it involved into a standard product purchased, but I don't see it happening overnight," said Karen P. Gordon, an associate director and legal liaison with New York-based broker Sedwick Global. "Companies have a wait-and-see attitude."
Many companies, she added, are assessing how each is impacted by employments suits, how other claims are handled by the courts and how ...