All the headlines from our Professional Liability Topic Page, ordered by recency.
Nov 19 2012 // Hub International, RaintreeHub International Ltd. acquired the assets of Raintree Insurance Agency Inc., a San Bernardino, Calif.-based insurance brokerage firm. Raintree will become part of the California operations of...
Nov 9 2012 // Torus has expanded its U.S. management liability and professional lines practice with the addition of two new specialty insurance products: media liability coverage for the media & entertainment segment; and financial...
Nov 5 2012 // It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this...
Nov 5 2012 // The way health care is delivered and financed is undergoing major change, and this is reshaping the risks that hospitals and physicians face on a daily basis.Among other challenges, hospital risk managers are grappling...
Nov 5 2012 // Below are four agency E&O tips, taken from Chris Burand’s E&O Blog found exclusively on InsuranceJournal.com.Divorce In personal lines, it is important to verify that the person requesting a change in...
Nov 5 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Oct 31 2012 // Review Your E&O Carrier’s Requirements for Carrier Writing Standards. There’s a myth going around that if an agency writes with a carrier rated B+ or better by A.M. Best, their E&O policy will cover...
Oct 30 2012 // Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians, and The Doctors Co., an insurer of physician and surgeon medical professional liability, have entered into a merger...
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago.The quarterly results got a boost from significantly lower catastrophe...
Oct 24 2012 // Proper Authorization. I recently saw a situation where, in a divorce, one spouse deleted the prized vehicle of the soon to be ex-spouse to spite that person. Not knowing of the divorce, the agency complied. Of course the...
Oct 19 2012 // Affinity Healthcare, the consumer, association and group program business of Aon Risk Solutions, is now providing open access to its Affinity Health Care programs to insurance brokers nationwide.Over the years, Aon...
Oct 17 2012 // Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market.Don’t miss your chance to find out what’s been going on with insurance...
Oct 17 2012 // The way health care is delivered and financed is undergoing major change, and this is reshaping the risks that hospitals and physicians face on a daily basis.Among other challenges, hospital risk managers are grappling...
Oct 17 2012 // Binding Summaries. A significant risk unrecognized by most producers and CSRs is the risk of being sued by the agency’s own insurance companies. A large proportion of E&O suits that make it all the way to court...
Oct 12 2012 // OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers’ professional liability product for law firms in certain areas of practice.“This...
Oct 11 2012 // Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t miss your chance to find out what’s been going on with insurance...
Oct 11 2012 // Victor O. Schinnerer & Co., a managing general underwriter, is adding to its professional liability offerings with a new miscellaneous professional liability (MPL) insurance program for small businesses. Schinnerer...
Oct 10 2012 // Discussing Claims with Insureds. A common and often key personality trait of CSRs and producers is that they are people pleasers, especially relative to customers. When it comes to claims, being a people pleaser can get...
Oct 9 2012 // Markel has launched a revamped IT professional policy, with a complete overhaul of the existing form.In addition to basic professional liability, the policy now includes configurable first and third party data privacy and...
Oct 8 2012 // October 11, 2012 The Real Meaning of the Property Damage Exclusion in the CGL Mary Anne Medina, Vale Training SolutionsOctober 17, 2012 Insurance Distribution and Marketing Chris Burand, Burand & Associates LLC...