All the headlines from our Professional Liability Topic Page, ordered by recency.
Feb 10 2014 // A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. A number of companies, agencies and other firms benefit if less attention is paid...
Feb 6 2014 // Tie-In Sales. The odd evolution of personal lines insurance has now come full circle in many states. Years ago insurance companies limited agents to only writing auto if the agency also placed the insured’s...
Feb 3 2014 // NSM Insurance Group announced it has acquired Professional Underwriters Agency Inc. (PUA), a managing general agent specializing in professional liability and located in Oak Brook, Ill.PUA was founded more than 30 years...
Jan 27 2014 // Last year was quite a year for Berkshire Hathaway Specialty Insurance (BHSI) – or half of a year, anyway.Since opening its doors for business in June 2013 with much fanfare, the new venture has gone from four to nearly...
Jan 24 2014 // Alabama-based ProAssurance Corp. announced a series of promotions and reporting realignments.Effective immediately, Howard H. Friedman is the president of the Healthcare Professional Liability Group within ProAssurance....
Jan 24 2014 // Great American Insurance Group has launched enhanced professional liability coverage for human and social service organizations. The coverage, offered through its Specialty Human Services Division, is designed to protect...
Jan 23 2014 // TPA Activities. Some agencies are unknowingly conducting TPA activities. Others are knowingly offering these services without knowing whether their E&O policy will provide coverage. Many insurance agency E&O...
Jan 17 2014 // Argo Pro, a member of Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has launched a new employment practices liability insurance hotline to support...
Jan 13 2014 // Another year is in the books. As your agency reflects on the past year, how would your answer the following question: Are you a better errors and omissions (E&O) risk today than compared to a year ago?Many issues...
Dec 27 2013 // Update Census Forms on AORs/BORs. When an agency takes over a group benefits account by AOR or BOR, it is likely picking up the prior agency’s/broker’s mistakes. Sometimes, for many different reasons ranging...
Dec 22 2013 // Business Risk Partners, a Windsor, Conn.-based managing general agency focused on specialty commercial insurance, recently added three new underwriters. Elizabeth Chapin Martinelli was hired as a miscellaneous professional...
Dec 19 2013 // Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications.The survey reveals that...
Dec 18 2013 // Swett & Crawford, part of the independent global wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC), announced the addition of Ben Young to its professional services practice group in Dallas...
Dec 17 2013 // Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S called Net Protection PLUS / Regulatory Defense PLUS coverage, which will be...
Dec 13 2013 // Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals.CyberPro...
Dec 12 2013 // Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of professional liability products for U.S. community banks, including directors and officers...
Dec 12 2013 // Hub International Insurance Services Inc. named Arturo Perez-Reyes vice president and privacy and errors and omissions lead in its San Francisco, Calif. commercial division. In addition to his production role and client...
Dec 2 2013 // Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee...
Nov 27 2013 // IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for Canadian-based private equity and venture capital firms to protect against portfolio...
Nov 27 2013 // State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client insured by an admitted carrier. This is not true. Many state’s guaranty...