All the headlines from our Professional Liability Topic Page, ordered by recency.
Sep 22 2014 // Willis North America has reinforced its cyber risk management and insurance services with several appointments to its FINEX Cyber/E&O Practice. The following individuals will focus on Willis’ national and...
Sep 22 2014 // The workers’ compensation class of business results in upwards of 10 percent of all errors and omissions (E&O) claims every year. While this may not seem like a lot, it is a class agents must be sensitive to for...
Sep 8 2014 // I’ve had many independent agents (IAs) vent, fume, exclaim, yell, scream, curse and express total exasperation at losing an account because a captive or direct writer undercut the price while promising speculative...
Sep 8 2014 // During my more than 20-year career in the insurance industry, I have spent hours working with my colleagues to prevent hard-earned, front-end revenues from leaking out the back door due to errors and omissions.When a claim...
Sep 8 2014 // If your agency is looking to manage disasters and catastrophes from an errors and omissions (E&O) perspective, could performing account reviews for your clients be just the answer? Absolutely. As many agencies...
Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...
Aug 27 2014 // Small commercial lines is suddenly the Cinderella of the insurance industry. Previously the unwanted step child turned beauty queen being courted, pursued, and being offered dowries for marriage. Dowries and marriage are...
Aug 18 2014 // From a producer’s perspective, the words in the headline are dangerous when spoken by a customer or prospect. Simply duplicating what the insured currently has, whether the account is commercial or personal, can and...
Aug 4 2014 // Small commercial lines is suddenly the Cinderella of the insurance industry. The previously unwanted stepchild turned beauty queen is being courted, pursued, and being offered dowries for marriage. Dowries and marriage are...
Aug 1 2014 // Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial...
Jul 28 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has entered the fiduciary liability market and named Rhonda Prussack as vice president, Fiduciary Liability, to lead the effort.According to Dan Fortin, senior vice president,...
Jul 24 2014 // Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5...
Jul 21 2014 // Hard market or soft, having an active relationship with at least a couple of excess and surplus lines (E&S) wholesalers is typically required for agencies to be successful. For as long as insurance has been part of...
Jun 23 2014 // Business Risk Partners, a Windsor, Conn.-based managing general underwriter, has appointed Erinn Coletti as professional liability underwriter. Previously, Coletti served as a specialty underwriter at The Hanover Insurance...
Jun 20 2014 // ANV Holdings BV, a Dutch specialty insurance business, has opened a U.S. managing general underwriter focused on communications and data security risks for “Main Street” U.S. businesses.Leib Dodell, a veteran...
Jun 18 2014 // Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an...
Jun 18 2014 // ANV Holdings BV, the specialty insurance business, headquartered in the Netherlands, announced the opening of its first U.S. Market Managing General Underwriter (MGU), to be led by Peter McKeegan.ANV said the “team...
Jun 16 2014 // San Diego, CA, 06/16/14 – Security America Risk Retention Group (RRG) has appointed American Claims Management Inc. (ACM), a national third party administrator (TPA), to manage its general liability and professional...
Jun 16 2014 // When initially thinking about umbrella coverage as it relates to generating errors and omissions claims, most would probably believe the main issue is the lack of an umbrella. In other words, a customer has a significant...
Jun 16 2014 // Medical professionals and hospitals are grappling with some of the most dramatic changes they have seen in years.Many physicians feel they can no longer succeed in private practice, and they are either moving to become...