All the headlines from our Professional Liability Topic Page, ordered by recency.
Mar 27 2014 // Personal Lines Quote Sheets. In most agencies, CSRs base their personal lines quotes off the data gathered per their quote sheets. Two common problems exist using quote sheets. The first is many agencies’ quote...
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Mar 24 2014 // Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers generally do not exist because the applicable standard is case and fact...
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Mar 20 2014 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network...
Mar 20 2014 // Markel Corp. announced that Troy Williams has joined the medical malpractice team as director of Medical Professional Liability. Williams is based in the Deerfield, Illinois office; his responsibilities are...
Mar 18 2014 // The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the...
Mar 18 2014 // Worldwide Facilities Inc. added William (Bill) Schmitt to its professional liability team. He will work out of Worldwide’s Chicago, Ill., office. Schmitt has 20 years of professional liability insurance experience,...
Mar 13 2014 // Veracity Insurance Solutions, LLC has expanded its alarm and security program into New York State. The addition of New York completes the list of territories allowing Veracity to provide coverage to the alarm and security...
Mar 12 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Mar 10 2014 // The end of the world is coming. The world of Windows XP that is.A significant event is happening in the technology industry that will affect insurance agents. On April 8, 2014, Microsoft will no longer support Windows XP....
Mar 10 2014 // With few exceptions, an application is a necessary document to secure a proposal or to bind coverage, and can actually possess tremendous power. When an errors and omissions (E&O) matter develops, all of the various...
Mar 5 2014 // The NORCAL Group’s Medicus Insurance Co. is now offering medical professional liability insurance coverage to physicians and surgeons in South Carolina.Ron Rumin, senior vice president of business development, said...
Mar 5 2014 // How can agents communicate the importance of this type of exposure to the industry? There is a natural resistance by all companies in buying additional insurance. A recall event is not a physical damage event. It does not...
Feb 24 2014 // Those in the insurance industry have another errors and omission (E&O) risk to consider these days, and they have technology to thank for it. Anyone in the insurance industry that possesses, stores, transmits or...
Feb 21 2014 // Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according...
Feb 21 2014 // Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers generally do not exist because the applicable standard is case and fact...
Feb 19 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced a consolidated insurance endorsement which combines numerous primary general liability coverage enhancements in a single product designed expressly for...
Feb 19 2014 // San Diego, Calif. (02/19/2014) – ARROWHEAD General Insurance Agency, Inc., one of the largest program administrators in the country, has appointed Bill Farran as president of the Professional Liability Division. Farran...
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...