All the headlines from our Professional Liability Topic Page, ordered by recency.
Jun 13 2013 // Ryan Specialty Group’s ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and Nicole Simmons.Koppel joins ThinkRisk as a senior underwriter. He is based in...
Jun 13 2013 // Hiscox has launched phase two of their Hiscox Professional Liability Portfolio, adding two additional coverage options to the existing portfolio. Professional services firms can now add crime and data breach and privacy...
Jun 12 2013 // Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings?On new business, it is a good idea to list the carrier’s rating. However, if the carrier has an A.M. Best...
Jun 11 2013 // CNA has developed a new integrated insurance product to address the full range of exposures unique to accountable care organizations (ACO). An ACO is a group of healthcare providers who join together to share...
Jun 7 2013 // Personal Lines Liability Limits. If an agency has only offered a client $100,000 liability and they have a $300,000 claim, what do you think the answer will be when, on the witness stand, their attorney asks them whether...
Jun 3 2013 // Philadelphia Insurance Companies announced the hiring of Ziad Kubursi as senior vice president of specialty lines and Karen Votta as vice president of large accounts for commercial lines. Ziad Kubursi will lead the...
May 30 2013 // Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that...
May 28 2013 // Nick Fearon has joined UK-based Miller Insurance Services as a senior producer and broker to develop a book of business that includes professional indemnity, technology and cyber risks.“Nick has strong, long-standing...
May 24 2013 // E&S Binding Limits. Extremely few, if any, retail agencies have any binding authority whatsoever with their E&S brokers. This is such a simple E&O tip that most readers probably see it as a complete waste of...
May 23 2013 // Lloyd’s specialist underwriter Marketform will commence underwriting hospital professional liability, comprising medical malpractice and associated general liability insurance, in the United States effective June 1,...
May 20 2013 // It’s well known that Texas has some of the highest homeowners premiums in the nation – in large part due to the state’s vulnerability to violent weather.It may be less known that Texas has some of the highest...
May 20 2013 // Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that...
May 15 2013 // AOR/BOR Procedures. If the current agent is so good, why is the insured moving their policy? AOR/BOR selling strategies have increased in popularity exponentially over the last decade. Some sales consultants and producers...
May 15 2013 // Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers, according to parent company W.R. Berkley Corp. in Greenwich, Conn.Shores succeeds...
May 14 2013 // If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of...
May 9 2013 // Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its national presence to San Francisco to serve the growing needs of...
May 9 2013 // As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net...
May 7 2013 // Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate decrease in the states of California, Massachusetts, Nevada, and Texas. The...
May 6 2013 // Some inside knowledge and a lot of experience strongly suggests that many agencies and brokers are cutting processing corners. I am not writing about immaterial corners. I am writing about them cutting large, material...
May 3 2013 // Navigators Management Co. has named Henry A. Lopez as president of a new Professional Liability unit of Navigators Specialty. Lopez will be responsible for the portfolio of professional liability products, reporting to...