All the headlines from our Professional Liability Topic Page, ordered by recency.
Sep 5 2023 // Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business outside the U.S. and...
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements.Fueled primarily by aggressive tactics by...
Jul 17 2023 // Through my recent discussions with clients and carriers, it is clear to me that agencies are incurring substantially more errors and omissions (E&O) claims. A significant difference exists between the number of claims...
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
Jun 2 2023 // A recent report by the Medical Professional Liability Association shows the medical professional liability insurance sector’s combined ratio improved from 108.1% in 2021 to 102.2% in 2022 – marking the...
May 25 2023 // Lockton Adds Intellectual Property Experts to Transaction Liability PracticeLockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader...
Mar 27 2023 // Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for...
Mar 23 2023 // Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration.Experienced litigation...
Jan 6 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and the insurtech bolttech.A summary of these new hires follows here. BHSI Promotes 3 Senior...
Nov 21 2022 // Independent insurance agencies with a blended remote and in-person work environment are discovering errors and omissions (E&O) issues that were rarely seen when everyone was in the office. Whether it’s employees...
Nov 7 2022 // Errors and omissions (E&O) coverage is one of those topics that people have a love/hate relationship with. For the most part, professionals who need E&O cover like to know what coverage they have, when it covers...
Nov 7 2022 // Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey.Some 70.5% of respondents saw an increase in their agency E&O...
Nov 1 2022 // This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller.A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines...
Oct 26 2022 // Property cat reinsurance: “More.”Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for...
Oct 14 2022 // This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction SolutionsA summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability...
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offeringMosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting.A summary of these new hires follows here....
Jul 4 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...
Jun 20 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
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...