Liability premiums expected to rise

Around 69% of underwriters expect liability insurance premiums for UK companies to increase in the first quarter of 2009, according to the Aon’s Market Pulse. In addition, 92% of underwriters expect liability rates to rise over the next six months. According to Aon, poor profits, the rising cost of claims and the challenges of the tough economic environment are driving the expectation of rate increases in 2009.