All the headlines from our Errors Omissions Topic Page, ordered by recency.
Jun 17 2022 // A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss.Pennsylvania-based Construction Financial...
May 18 2022 // A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused...
Mar 28 2022 // Rolling Meadows, IL., March 28, 2022 – RPS Signature Programs, the program administration division of specialty insurance distributor Risk Placement Services, launches a new Real Estate Appraisers Errors & Omissions...
Jan 27 2022 // Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages...
Dec 16 2021 // Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions...
Nov 1 2021 // Errors & omissions claims against agencies related to the COVID-19 pandemic have not materialized as feared a year ago. Overall, E&O claims against agencies actually dropped in 2020.That’s basically good news...
Nov 1 2021 // According to Insurance Journal’s 2021 Agency E&O survey, 58.4% of respondents saw an increase in their E&O renewal premium from 2020 to 2021, up from 50.2% in last year’s survey. And 61.8% expect...
Oct 14 2021 // Skyward Specialty Insurance Group is broadening its professional and management liability offerings for the U.S. legal cannabis market by adding cannabis-related risk to multiple coverage classes. The company’s...
Oct 8 2021 // Insurance Journal invites buyers of agency errors and omissions insurance to participate in this year’s Agency Errors & Omissions Survey.The survey should take no more than 10 minutes to complete, and will...
May 20 2021 // Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd’s of London for a worldwide media liability errors and omissions (E&O) program...
Apr 27 2021 // This post is part of a series sponsored by Worldwide Facilities, an Amwins Company. In November 2020, attendees of the Professional Liability Underwriting Society’s first-ever virtual conference warned insurance...
Mar 22 2021 // When you go to an errors and omissions (E&O) education program, inevitably, the message contains something like this: “Do not advise that you are a professional or a specialist or otherwise create higher...
Mar 10 2021 // Aon’s first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions.There were on average three new E&O cyber matters per business day in 2020, a...
Feb 22 2021 // The Big “I” announced that Amanda H. Juratovic has been promoted to assistant vice president of errors & omissions operations at Big I Advantage. Juratovic will lead the Big “I” Professional...
Feb 22 2021 // Agents are bracing for errors and omissions (E&O) claims stemming from the pandemic when insureds discover they carry inadequate coverage or none at all. Regrettably, agents likely face a similar scenario in cyber...
Feb 10 2021 // CFC has upgraded its errors and omissions policy for US-based design and construction contractors to include costs for steps taken by the contractor to mitigate against a potential claim where work was not rectified, and...
Feb 8 2021 // Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021.Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go...
Feb 8 2021 // 2020 was a year of disruption, change and challenges. Businesses were forced as never before to adapt in order to survive. With these changes, many businesses took on new exposures that potentially threaten their...
Jan 21 2021 // Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021.Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go...
Dec 28 2020 // Cincinnati-based Core Specialty Insurance Holdings reported that Jeff Jacobs has joined as senior vice president, head of Errors and Omissions Professional Liability.Jacobs has 30 years of insurance sector experience...