The number of major accountants liability insurance program offerings included in this year’s list is smaller than it has been in previous years.
Several companies were acquired by other companies, and what observers call a “hard market” is prompting other insurers to reduce their exposure in the market by not writing new policies. (For more on the current market and the liability risks accountants are facing, see our story.)
Camico reached an agreement with CPA Mutual to transfer CPA Mutual’s Accountants Professional Liability Insurance program to Camico, effective Jan. 1, 2021, as policies renew, while CPAGold was acquired by wholesaler Worldwide Facilities LLC.
(See the program listing as a table here.)