Latest Errors Omissions Headlines

All the headlines from our Errors Omissions Topic Page, ordered by recency.

Managing the Retail Agent’s Risk in Surplus Lines

Sep 17 2018 // While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke,...

Everest Insurance Adds 3 Members to Cyber Practice

Sep 12 2018 // Everest Insurance has expanded its Everest Specialty Underwriters (ESU) Financial Lines group with the addition of three cyber liability team members. This team, led by Vice President and Cyber Practice Leader Kevin...

How to Help Clients with Disaster Claims and Avoid Agency E&O Claims

Sep 12 2018 // In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20...

Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year

Aug 6 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported.Total premium in Texas stood at $3.06 billion as of June...

QBE, Jorgensen & Company to Offer E&O Coverage to RIAs

Aug 3 2018 // QBE North America has expanded its operating agreement with Jorgensen & Co., a specialist professional liability managing general underwriter, to offer errors and omissions insurance on an admitted basis to small,...

Texas Sees 10.6% Growth in Surplus Lines Premium at Mid-Year

Jul 25 2018 // May 2018 was the highest-grossing month for surplus lines premium in Texas, with $681 million recorded, the Surplus Lines Stamping Office of Texas (SLTX) reported.Total premium in Texas has increased to $3.06 billion, as...

QBE, AmWINS Launch E&O Coverage for Architects, Engineers, Design Businesses

Jul 17 2018 // QBE North America has formed a partnership with AmWINS Program Underwriters (APU) to offer errors and omissions coverage for architects, engineers and design (A&E) businesses.The launch is part of QBE’s...

Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada

Jul 6 2018 // Beazley, the specialist insurer, has appointed Jo-Anne Hawthorne as territory manager for eastern Canada.Hawthorne will report to Cheryl Hobbs and will be responsible for developing closer relations with brokers in...

Agency E&O: In Praise of Those Who Know Their Coverages

Jul 2 2018 // I was conducting an errors and omissions (E&O) audit for an agency that needed improvements. The easiest part of the audit was drawing a bright line between the couple of producers who knew their coverages and the 10...

Big “I” Markets Partners with Coalition to Offer Cyber, Tech E&O Coverage

Jun 15 2018 // Big “I” Markets, the online market access system available exclusively to Big “I” members, has partnered with Coalition to offer its member agents access to cyber and technology errors &...

People

Jun 4 2018 // Doug Slape has been promoted to second-in-command at the Texas Department of Insurance.Slape has been at the agency since 1988 and has served as deputy commissioner for the Financial Regulation Division the past three...

XL Catlin’s Benjamin to Head Zurich North America’s Management Solutions Group

May 21 2018 // Brian Benjamin, a longtime insurance executive with experience in professional liability lines, has joined Zurich North America as head of Management Solutions.Benjamin will be accountable for the performance of the...

Senefsky Joins IIAT as E&O Sales Executive

Apr 17 2018 // The Independent Insurance Agents of Texas (IIAT) has added Cari Senefsky as E&O sales executive. Senefsky has more than a decade of insurance sales experience and success, with five of those years dedicated to...

Agency E&O: To Win a Lawsuit or Prevent One?

Apr 2 2018 // Insurance agents and brokers have long been targets of error and omission lawsuits. It’s also true that most of them have sought advice of counsel as to how to win a lawsuit. They will often be told that the duty of...

Agency Best Practices for Avoiding, Rather Than Winning, E&O Suits

Mar 21 2018 // Insurance agents and brokers have long been targets of error and omission lawsuits. It’s also true that most agents and brokers have sought advice of counsel as to how to win a lawsuit. They will often be told that...

Y-Risk Approved as Lloyd’s Coverholder for Cyber, Technology E&O Product

Mar 7 2018 // Y-Risk, LLC, a specialty underwriting management company, has been approved as a Lloyd’s coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd’s syndicates. Y-Risk is...

NAS Insurance Adds Miscellaneous E&O Coverage for Architects, Engineers

Feb 20 2018 // NAS Insurance Services has released a new miscellaneous E&O architects and engineers (A&E) insurance product that includes coverage for technology services and cyber liability coverage.NAS’ Architects and...

Validus Specialty Launches Standalone Cyber Insurance Product

Feb 8 2018 // The Cyber and Technology insurance group of Validus Specialty Underwriting Services, Inc. have expanded its offering with a standalone cyber insurance product focused on privacy and network protection coverage. The product...

The Competitive Advantage: The Value of an Employee Handbook

Feb 5 2018 // Most small agencies, and quite a few middle-to-large agencies, lack a current employee handbook or at least one of quality. Honestly, day-to-day, an employee handbook really is not that important, especially with just a...

The Competitive Advantage: A Scary Trend

Jan 8 2018 // Maybe “trend” is inaccurate because the data is scant, or maybe “trend” is a presage. The “trend” does not yet exist, but it will. The “trend” is companies taking drastic...