GL Insurance Losses To Rise Dramatically: Study

Law360, New York (March 12, 2009, 12:00 AM EDT) -- General liability insurance will become less profitable by 2010, and insurers may have to look to more specialized lines in order to ensure profitability, according to a new study.

The study, “General Liability: Staying Relevant (and Profitable) in the New World of Risk,” carried out by Connecticut-based Conning Research & Consulting – a unit of Conning, an insurance asset manager – predicts that the combined ratio for general liability insurance will reach 107 percent by 2010.

The GL line totals about $58 billion in direct premiums,...
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