CSRisks 2022 Newsletter & Market Update

It is halfway through 2022, and with so much change in insurance and the world, we wanted to take a moment to update you, our partner, on changes in CSRisks. First, thank you for your continued support. We value our relationship and want to continue communicating with you about what we see in the market.


As many of you already know, our President, Dorothea Westin, retired at the end of January. We all wish her the best in this new chapter of her life. Amanda Sedliak was promoted to President after 25 years with the company, and we continue to grow under her leadership. We have several new staff members who recently joined the team. Please feel free to reach out and say hello.

Alison Green

Director of Brokerage

Tricia Dietz

Account Manager

Shane White

Account Executive

Brad Chill

Assistant Account Manager

Alexandria Smith

Account Executive

Yvonne Coronado

Customer Service Representative

Liability Insurance Market Conditions

Across the Professional and Executive Liability lines of coverage, we continue to see a firm market. Changes in underwriting, rates, and coverage vary by coverage line and can be summarized as follows.

Directors & Officers

  • Rate increases are still occurring, but less than in the last two years.
  • Retentions increasing
  • More exclusions are being added for risk of bankruptcy, infectious disease, etc.

Employment Practices Liability

  • Terms loosening after the pandemic; first-time buyers can purchase coverage again
  • Social Inflation continues to impact claims losses which are driving the rate increases
  • Biometric data of employees is a hot topic for coverage

Professional Liability

  • Pricing increases are present with an increase in revenues due to economic growth
  • Extended reporting periods are being shortened
  • More capacity with some areas of practice and less capacity with others (i.e., Financial Institutions, Real estate-related risks, Technology related risks)

Cyber Liability

  • The market has entered a correction phase, with rates increasing up to 600% in some cases.
  • Minimum security requirements such as MFA, EDR, and employee training are required for coverage.
  • Fully completed applications and supplements are expected to get quotes from the carriers.


  • Both CSRisks and MGAs are adding new fees to offset additional costs. 
  • Policy extensions (both soft and hard) are becoming more difficult to get from the carriers as they don’t want to stay on risks longer than anticipated.
  • Extended reporting periods are being shortened.

We are here to help navigate these unprecedented times and look forward to helping you and your clients find the best insurance coverage possible. Please reach out with any tough risks we can help you place.