All the headlines from our Errors Omissions Topic Page, ordered by recency.
Feb 8 2009 // There have been an increasing number of lawsuits brought against agents in situations where the client/policyholder does not have sufficient liability coverage limits to pay for the liability exposure caused by an...
Feb 2 2009 // Venture Insurance Programs has introduced ProWriters, a new management and professional liabilities unit that works directly with appointed agencies to find the best coverage and risk management solutions for financial...
Jan 25 2009 // Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all, don’t cheap out on the training.Do those...
Jan 14 2009 // International insurance insurer Hiscox has appointed Jim Whetstone as senior vice president for Global Errors and Omissions (E&O) in the Global Markets area. He is based in Hiscox’s Chicago office.In this...
Jan 5 2009 // Rockwood Programs has partnered with Modern Insurance of Florida to establish a new subsidiary company named Modern Insurance Consultants, LLC that will focus on errors and omissions (E&O) insurance for insurance...
Dec 8 2008 // Indemnity Excess & Surplus Agency of Beaverton, Ore., is offering a product that combines professional liability and general liability into one policy for technology service providers. The single policy includes...
Dec 5 2008 // Marsh’s London office has issued a warning that companies that use chemical substances in the European Union (EU) could risk insurance implications “associated with their failure to adhere to the EU’s...
Nov 16 2008 // Independent insurance agents may be shopping their errors and omissions insurance coverage to seek the best rates. But what they are giving up in the quest for the lowest rate? Agents should not treat their own E&O...
Nov 5 2008 // A near majority of agents and brokers responding to the 2008 Insurance Journal Agency E&O Survey said they experienced increases in their agency’s errors and omissions premium this year. Some 44.1 percent of...
Nov 4 2008 // In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk...
Nov 2 2008 // First there was GI Joe, then Joe the plumber. Now, though, there’s Insurance Agent Joe, or Josephine (Jo), if you prefer.Participating in the exclusive 2008 Insurance Journal Agency E&O Survey, Joe and Jo had a...
Nov 2 2008 // There have been significant changes in the insurance marketplace recently, as prices are down and carrier competition is fierce. Independent insurance agents may be shopping policies to seek the best rates for their...
Nov 2 2008 // First there was GI Joe, then Joe the plumber. Now, though, there’s Insurance Agent Joe, or Josephine (Jo), if you prefer.Participating in the exclusive 2008 Insurance Journal Agency E&O Survey, Joe and Jo had a...
Nov 2 2008 // The federal government’s recent bail out of American International Group Inc. (AIG) via a $122 billion-plus loan to keep the company afloat set the insurance industry on edge. AIG’s insurance entities are...
Nov 2 2008 // More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a result of the global financial crisis, which is likely to hit insurers especially hard. Given this, what are the...
Nov 2 2008 // In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk...
Nov 2 2008 // We have all had experiences in our lives where we look back and realize our very life was almost extinguished. If not for the difference of a few seconds or inches this column would not be written or you would not be...
Nov 2 2008 // Joe the “insurance agent” wants a reasonably priced errors and omissions insurance policy for his independent agency that covers all the business activities his operation engages in, whether they are revenue...
Nov 2 2008 // 40 Risk Management Steps Independent Agents Implemented to Lower Their Risk The exclusive 2008 Insurance Journal Agency E&O Survey asked independent agents what risk management steps their agency has implemented to...
Nov 2 2008 // The 2008 Insurance Journal Agency E&O Survey, conducted Oct. 3 through Oct. 16, drew 1,042 respondents from 50 states; there were no respondents from the District of Columbia. The five states with the highest...