All the headlines from our Professional Liability Topic Page, ordered by recency.
Dec 1 2014 // The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion.However, while program business is attracting new interest, some participants are...
Dec 1 2014 // There are similarities between deciding to run a marathon and managing your agency’s errors and omissions (E&O) exposure. Very few people, if any, can wake up one day, decide to run a marathon and then, without...
Nov 18 2014 // The Professional Insurance Agents of Florida Inc. (PIA of Florida) has tapped National Insurance Underwriters (NIU) as the official underwriter of its insurance agents’ professional liability errors and omissions...
Nov 17 2014 // USG Insurance Services Inc., a national wholesaler and managing general agent, has launched of a professional division in El Segundo, Calif.The firm has also hired Frederick Fisher as director of professional liability....
Nov 12 2014 // C&R Insurance Services Inc. in Wayne, Pennsylvania, has acquired Garden State Professional Insurance Agency, a professional liability agency based in Freehold, New Jersey, and its affiliate FLAG Insurance Services....
Nov 10 2014 // ANV Holdings BV announced it has strengthened its team of underwriters with two new hires in the Professional Lines division of ANV Syndicate 1861. Tracy Ambrose has been hired as Lead Underwriter for Professional...
Nov 6 2014 // KENNESAW, GA, November 6, 2014 — Blue River Underwriters, a division of Breckenridge Insurance Group, has introduced a new United States Longshoreman and Harbor Workers Act (USL&H) and Maritime Employers Liability...
Nov 5 2014 // Allied World North America has launched Privacy//403 SRVS PRO, the latest product in the company’s suite of errors and omissions (E&O) productsPrivacy//403 SRVS PRO builds on the Specified Response Vendor...
Nov 3 2014 // In terms of agency E&O trends, carriers are closely eyeing an uptick in claims severity.According to Curtis Pearsall, president of Pearsall Associates Inc., a risk management consulting firm specializing agency...
Nov 3 2014 // There’s no shortage of accountants in the United States today, and the growth of this industry is not expected to slow anytime soon.In 2013, there were 1.17 million accountants and auditors and 1.59 million...
Nov 3 2014 // Errors and omissions (E&O) coverage: It’s one of the most important coverages you can secure. After all, your agency’s protection depends heavily on your E&O policy and how it works. Despite this, it...
Nov 3 2014 // There were 1.3 million active licensed lawyers in the United States in 2013. —American Bar Association In 2012, the probability of a plaintiff receiving a favorable verdict in a jury trial involving an employment...
Nov 3 2014 // While many agencies stick with their agency errors and omissions (E&O) carrier, those that do shop around tend to do so when premiums are rising. According to Insurance Journal‘s exclusive 2014 Agency E&O...
Oct 24 2014 // Confirmation That Suit Papers Have Been Received by the Carrier.While not an every day occurrence, most agencies receive suit papers from various parties several times a year and these papers must be forwarded to the...
Oct 23 2014 // Freedom Specialty, an arm of Scottsdale Insurance Co., is partnering with healthcare underwriter Pro-Praxis, part of the Cooper Gay Swett & Crawford Group, for a specialized excess healthcare professional liability...
Oct 21 2014 // Inflation Factors are Missing.Some property policies, particularly dwelling policies in personal lines, lack automatic inflation adjustment factors. These same policies often get less attention than other personal lines...
Oct 20 2014 // For the last 25-plus years, the No. 1 cause of errors and omissions (E&O) claims has been “failure to provide the proper coverage.” In 2013, many E&O carriers reported that this accounted for more...
Oct 17 2014 // Producers and Staff Do Not Adequately Know the Agency’s Procedures.More often than many might expect, staff and particularly producers do not adequately know the agency’s procedures. This can be especially...
Oct 16 2014 // Pioneer Underwriters has launched a new division called Pioneer Special Risk of New York and hired Gary Dubois as division president.Based in New York, Dubois is joined by Steve Sitterly, chief operating officer, and Scott...
Oct 15 2014 // Proper Authorization to Change Coverages Part II.In Blog 14 I wrote about the need to verify the party requesting a change in coverage has the required authority to make such a request. Another variation of this theme is...