The risks inherent in diminishing limit policies

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The risks inherent in diminishing limit policies

Most Professional and Executive Liability Policies  are written on a Diminishing Limit basis, i.e., incurred Defense Costs reduce the Limit of Liability. There are dangers with this form which could give rise to E&O claims against Brokers and Defense Counsel.  While written in 1994, the predictions then made have now become a realty.

Current

Frederick J Fisher

President

Fisher Consulting Group, Inc.