Problems in Relation to Contractual Liability Insurance [Discussion]

To my knowledge, Mr. Ainley's paper is the first to be submitted to this Society on the subject of Contractual Liability Insurance. This is not surprising as it is one of the smallest lines of Public Liability Insurance. The annual premium volume for both Contractual Public Bodily Injury and Property Damage is probably below one million dollars. Even so, Mr. Ainley's paper was quite timely as this is a line of liability which recently has been causing underwriters considerable concern.