The U.S. market for financial and professional insurance coverage saw a number of challenges in 2018, including new privacy regulations, an increase in workplace sexual harassment claims as the #MeToo movement continued to gain traction, and more securities litigation activity. These risks are expected to continue in 2019, with some becoming even more difficult and requiring risk professionals, directors, officers, and others to take action to safeguard their companies and people.

Perfect storm

Many of the unfavorable developments in the financial and professional lines insurance market have not existed in more than a decade. Thus, it's now more important than ever to begin insurance coverage strategy discussions with business clients well in advance of policy renewal time. In their briefing, The U.S. Financial and Professional Lines Market in 2019: Our Top 10 List," insurance broking and risk management firm, Marsh, takes a look at several risks that businesses are expected to face in the coming year and how they will likely shape the market for directors and officers (D&O) liability insurance, cyber insurance, employment practices liability insurance (EPLI), and more. Marsh's list of the top 10 risk exposures that businesses are likely to face in the coming year are ranked in the slideshow above. READ MORE: Mitigating 'people risk' 11 tips to reduce retirement plan litigation risk How midsized businesses can protect themselves from ERISA class-action lawsuits

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

C-Suite
Compliance
Cost-Containment
Advisor Technology
Defined Contribution
Investment Instruments
Legal
Retirement Trends