All the headlines from our Professional Liability Topic Page, ordered by recency.
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...
May 2 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...
Apr 26 2013 // ACE USA’s Medical Risk Group has expanded its relationship with Trust Risk Management Services, Inc. (TRMS) to offer an admitted professional and general liability policy designed to provide insurance protection to a...
Apr 25 2013 // While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting that 2013 will see some healthy buying and selling, too. While there are many issues...
Apr 24 2013 // Record Retention. It’s not as simple as everyone thinks.Significant and dangerous myths exist relative to this increasingly important topic. The first myth is that “records” means all records, not just...
Apr 22 2013 // MarketScout has developed a new errors & omissions facility designed specifically for Certified Insurance Counselors (CIC) to be offered through its relationship with Ironshore Inc., a global specialty insurance...
Apr 22 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 of the list....
Apr 19 2013 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Daniel Wadley has joined the company as Executive Vice President and Head of its new Endurance Pro insurance unit.He will be responsible for growing the...
Apr 17 2013 // Felony Background Checks. An important step in hiring people. If an employee has a felony conviction and the agency has not obtained the proper waiver from their state’s insurance department, the agency may be...
Apr 15 2013 // ACE USA’s Medical Risk Group has introduced a range of physician professional liability insurance products and coverage options in support of hospitals and healthcare facilities for their employed physicians, and...
Apr 11 2013 // Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts in this segment say new policy submissions dealing with all aspects of guns,...
Apr 10 2013 // Flood Insurance. Who Ever Said Mortgage Companies Know Everything About Flood Insurance?In agency after agency I visit, flood insurance is usually only offered to people if their mortgage company requires it. De facto,...
Apr 8 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary,...
Apr 8 2013 // Is coverage “tailor-made” for emerging industries the future of professional liability insurance? Traditional professional liability, which has typically served lawyers, accountants and doctors, isn’t...
Apr 3 2013 // Job Descriptions. A simple solution to minimizing E&O exposures. One of the most significant E&O exposures is literally a “he said, she said” issue. Producers think a CSR will do something and CSRs...