Latest Professional Liability Headlines

All the headlines from our Professional Liability Topic Page, ordered by recency.

OneBeacon Professional Insurance Expands Coverage for Lawyers

Dec 19 2011 // OneBeacon Professional Insurance (OBPI) has expand its professional liability coverage for lawyers to include network security and privacy (NSP) liability coverage.The company will offer the NSP coverage two ways. Insureds...

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Dec 16 2011 // Have you ever wondered how modern-day fire departments began? Or why agents buy E&O coverage? What about when the first business owners policy launched? These are just a few questions that Insurance Journal and Claims...

Agency Pro-tection

Dec 16 2011 // Agency owners have a lot to protect. Of course, first and foremost they must protect their clients.But they must also protect their book of business. They must protect their relationships. They must protect their...

E&O Insights: Enhance Your Errors & Omissions Culture in 2012

Dec 16 2011 // As the end of 2011 approaches, this is a good time to reflect upon what went well and what didn’t during the year — as well as what changes you should make in 2012. Here are a few errors and omissions (E&O)...

The 2011 Survey Issue

Dec 16 2011 // Together Again: 3-in-1 What are the industry’s young agents thinking? What are typical salaries and benefits in agencies? What issues do agencies have with their errors and omissions (E&O) coverage and...

How to Reduce the Risk When Buying Agency E&O Coverage

Dec 5 2011 // Agents shopping for errors and omissions coverage should compare the details of the policies because not all E&O policies are the same, according to experts in this market.As Scott Goodreau, chief risk officer for...

AXIS Capital Hires North American Professional Lines Chief in N.J.

Dec 2 2011 // AXIS Capital Holdings’ insurance segment appointed John Van Decker as Berkeley Heights, N.J.-based executive vice president and head of North American professional lines. In this newly created position, Van Decker is...

Can Claims Handling Cause an Errors & Omissions Claim?

Dec 1 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...

How to Produce and Keep Happy Claimants

Dec 1 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done.When claims do happen, independent agents can play a valuable role in determining whether...

The Competitive Advantage: Procedural Consistency and Agency E&O

Nov 22 2011 // I have often been asked why procedural consistency is important for reducing errors and omissions (E&O) exposures. Another way of asking the question is, “Why is inconsistency an issue?”Let’s first...

Professional Lines Market Faces Uncertainty: Torus

Nov 22 2011 // The professional liability insurance market will face challenges in 2012 with widespread concerns over pricing, a heightened awareness of the current regulatory environment and fast-emerging new risks for small businesses,...

Everest Expands Professional Liability with West Coast Office

Nov 22 2011 // Everest Re Group Ltd. is expanding its professional liability insurance operation, Everest Specialty Unit (ESU), with the opening of a west coast regional office.Currently based in New York, ESU will be establishing its...

Agency E&O Survey: Why Agents Buy Coverage

Nov 22 2011 // Agency owners have a lot to protect. Of course, first and foremost they must protect their clients.But they must also protect their book of business. They must protect their relationships. They must protect their...

E&O Insights: Can the Manner in Which an Agent Handles a Claim Cause an Errors & Omissions Claim?

Nov 21 2011 // The answer to the question posed in the headline is a definite “yes.” This has actually developed into a significant issue for agents and is one of the current errors and omissions (E&O) hotspots agents...

Contractors, Agents Fight to Stay Afloat in Distressed Construction Market

Nov 21 2011 // The construction market is showing hints of improvement, if only slightly, according to insurance specialists for this market.The contractor class has been one of the hardest hit by the financial crisis and three years...

How to Produce and Keep Happy Claimants

Nov 21 2011 // The best way to keep agency customers happy is to avoid claims in the first place but, of course, that’s easier said than done.When claims do happen, independent agents can play a valuable role in determining whether...

Washington Casualty Names New Marketing Vice President

Nov 16 2011 // Washington Casualty Company (WCC), a provider of medical professional liability coverage and member company of Boston, Mass.-based Coverys, has promoted Cary Ecker to vice president of marketing. Cary will manage the WCC...

Insurance Executive: IMDb’s Counter Against Actress Is Savvy Business Move

Nov 15 2011 // The Internet Movie Database’s decision to battle the anonymous actress who sued it for revealing her age may not only be a good defense but it’s also a savvy business and public relations strategy that may...

Torus Launches U.S. Professional, Management Liability Products

Nov 8 2011 // Torus now has U.S. professional and management liability primary underwriting capabilities. Led by Jeffrey Grange, senior vice president, head of professional lines, the offering includes products across three segments:...

IronHealth to Offer Medical Professional Liability for Qualified Health Centers

Nov 8 2011 // IronHealth, the specialty healthcare unit of Ironshore Inc., is offering medical professional liability coverage for federally qualified health centers to provide protection for deemed and non-deemed healthcare services,...