All the headlines from our Professional Liability Topic Page, ordered by recency.
Feb 19 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
Feb 15 2013 // NAS Insurance Services has introduced a comprehensive professional liability insurance program for accountable care organizations (ACOs). The new program combines core E&O and D&O coverage with custom-tailored...
Feb 15 2013 // Do you put an expiration date on all your proposals? If not, when does the proposal expire? Some consumers, most usually commercial insureds, are arguing proposals without expiration dates are good forever. Without an...
Feb 13 2013 // Hiscox has launched Hiscox Professional Liability Portfolio – a new product that offers ‘tailor made’ policy forms for certain client segments within its allied healthcare (AHC), architects & engineers...
Feb 11 2013 // Claims from the real estate and financial meltdown of 2008 are finally catching up to carriers in the lawyers professional liability marketplace, pushing rates up and eventually forcing out the short-term...
Feb 11 2013 // Rates for commercial lines insurance will continue to rise in 2013, thanks to above average losses, low investment returns and receding reserve releases. However, according to a report by Marsh, traditional signs of a...
Feb 8 2013 // Is it smart to sell insurance to prospects that do not speak English? In an earlier blog, I emphasized the need for employing bi-lingual CSRs if an agency is to sell insurance to people that do not speak English. Two...
Feb 6 2013 // Privately-owned Lockton and its specialist reinsurance division, Lockton Re, announced the strengthening of its global brokerage and client relationship capabilities, with a number of senior level hires both in London and...
Jan 30 2013 // Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases.However, according to a new report published by Marsh, traditional...
Jan 30 2013 // Do you always verify exposure changes at renewal? The genesis of a common E&O claim is when a commercial client changes their operations and the agency does not catch this at renewal. These claims can be property or...
Jan 28 2013 // The Hanover Insurance Group, Inc. is enhancing its technology product suite to build on the company’s suite of specialized products for small to mid-sized technology companies, with a focus on its errors and...
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster.For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Jan 28 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
Jan 24 2013 // ACE USA’s Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding defense, emergency evacuation expense, and patient property damage. The...
Jan 23 2013 // Do you have standardized procedures? One of the terms key to understanding E&O exposures is, “invariable practice.” In other words, does the agency invariably follow the same procedure every time? The point...
Jan 18 2013 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors...
Jan 16 2013 // Knowledge. E&O risk management knowledge can be generally divided into two categories. The first category is coverage knowledge. The second category is procedure knowledge. Coverage knowledge has always been important...
Jan 14 2013 // Ullico Inc. has announced that its subsidiary, Ullico Casualty Group, Inc., will begin writing and renewing multiemployer and government fiduciary liability and union liability policies next week with Alterra American...