The variety of main accountants legal responsibility insurance coverage program choices included on this yr’s listing is smaller than it has been in earlier years.
A number of corporations have been acquired by different corporations, and what observers name a “onerous market” is prompting different insurers to cut back their publicity available in the market by not writing new insurance policies. (For extra on the present market and the legal responsibility dangers accountants are going through, see our story.)
Camico reached an settlement with CPA Mutual to switch CPA Mutual’s Accountants Skilled Legal responsibility Insurance coverage program to Camico, efficient Jan. 1, 2021, as insurance policies renew, whereas CPAGold was acquired by wholesaler Worldwide Amenities LLC.
(See this system itemizing as a desk right here.)