Banking Liability Litigation Drops, Making Insurance Cheaper

The up-tick in equity markets may leave lawyers in the lurch. We all waited for litigation to surge following the financial crisis, with plaintiff attorneys chasing professional liability policies on behalf of shareholders feeling wronged. The spike suspected by the insurance industry never materialized, though, according to Aon Corp (AON). As a result, insurance and reinsurance pricing for this sector is likely to stay under control.