The third-party liability insurance market, once stable, is now highly volatile due to factors like increasing nuclear verdicts, changing juror attitudes, and aggressive plaintiffs backed by third-party litigation funding. This has led to unpredictable liability losses, insurers withdrawing, reduced capacity, and rapidly rising premiums. Businesses that don't adapt risk inadequate coverage, unsustainable costs, and financial threats to their long-term viability. To navigate this, insurance buyers need to adopt a flexible approach to their liability programs and financing.
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