All the headlines from our Errors Omissions Topic Page, ordered by recency.
Oct 31 2019 // Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and...
Oct 30 2019 // “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin.Specialty insurance carriers have a unique “toolset” that helps them grow through...
Oct 23 2019 // Today is the final day to participate in Insurance Journal’s exclusive 2019 Agency Errors & Omissions Survey.All participants will receive a copy of the survey’s report published in Insurance Journal...
Oct 18 2019 // Why do agencies purchase agency E&O coverage? Are premiums trending up, down or staying the same? What restrictions are agencies seeing in their E&O coverage?These questions and more are part of Insurance...
Sep 16 2019 // I was having dinner with a close friend who is retired, has no debt and has decent wealth. He asked me why I think he needs insurance. He was wondering if insurance at this stage of his life was a waste.My heart sank. This...
Sep 2 2019 // Smart Choice is an agency network of 7,500 independent agency locations across 44 states. The network offers agencies of all sizes opportunities to build their business with limited upfront commitment. “We not only...
Aug 12 2019 // Markel Corporation has named John Lecci as senior director of Professional Liability. He will be heading up the New York-based US Professional Errors & Omissions team.Lecci was most recently employed by Axis, where he...
Aug 8 2019 // EmergIn Risk, part of the Ryan Specialty Group family and a division of RSG Underwriting Managers, has expanded its insurance agents and brokers professional liability program, [In]fuse to include new coverage and less...
Aug 5 2019 // Dallas-based property/casualty insurance wholesaler and managing general agent (MGA), U.S. Risk LLC, has acquired U.S. E&O Brokers (U.S. E&O), a wholesale broker and MGA.U.S. E&O is headquartered in Houston,...
Jul 1 2019 // I have seen and heard seemingly an infinite number of agents, agents’ associations, and errors and omissions (E&O) attorneys advise that agents should have a low standard of care and rely on the insured having...
Jun 6 2019 // Specialist insurer Beazley has streamlined its MediaTech insurance policy to provide clear and concise wording and combined comprehensive errors and omissions (E&O) and media liability insurance with cyber...
May 6 2019 // I received a nice notice from my commercial GL carrier advising the coverages at renewal would materially change. Admitted carriers have to provide such notices (E&O point: exceptions to this rule do exist, even for...
Apr 4 2019 // AXA XL has promoted Jennifer Minors to senior vice president – product line leader in its Bermuda Professional Lines Insurance business.Minors is responsible for managing directors and officers (D&O), professional...
Apr 1 2019 // Plaintiff attorneys, at least the smart ones, must make sales decisions, too. Whereas a smart producer will create a pipeline that filters prospects by probability of a sale, plaintiff attorneys need to filter potential...
Mar 25 2019 // Warren Buffett, often ahead of the curve, sounded like a disrupter in a 2004 shareholder letter. Fifteen years ago, Buffett wrote, “Insurers have generally earned poor returns for a single reason: They sell a...
Mar 4 2019 // I have been completing E&O audits for almost 25 years now. My first experience was one of the oddest because my trainer had me watch him complete 1.5 audits. Halfway through the second audit, he turned it over to me...
Feb 18 2019 // Mistakes happen. After all, we are human. That is why insurance agencies have agency errors and omissions (E&O) coverage.Even with the support of E&O coverage, an E&O claim can take its toll on the people...
Dec 14 2018 // Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages,...
Dec 3 2018 // I have done a tremendous amount of errors and omissions (E&O) work over the years, including serving as approved and accredited auditor for two major E&O carriers, a certified E&O instructor, an author of an...
Nov 9 2018 // RSG Underwriting Managers is merging two of its managing general underwriter teams, EmergIn Risk and ThinkRisk. The teams will operate under the EmergIn Risk brand going forward. Reza Khan, based in New York, will lead the...