Employment practices liability in California is a growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the area, say those familiar with the region’s market.
Executive Summary
EPLI carriers are ramping up rates dramatically or quietly pulling back from parts of the California market, according to brokers and carriers operating in the region.“Employment practices in California is a known problem, and is where we are seeing rate increases of 20 percent and up,” said Richard B. Hagemeier, executive vice president of Pasadena, Calif.-based Bolton & Co.
