All the headlines from our Professional Liability Topic Page, ordered by recency.
Dec 3 2020 // NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, has hired Jonathan Franznick to its P&C division as a senior vice president.In this...
Nov 19 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced a pair of promotions in its Executive & Professional Lines Claims group, naming Shelby Rootenberg as senior vice president, head of U.S. Commercial Lines (Public)...
Nov 13 2020 // The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM Best report.With its...
Nov 5 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Nov 2 2020 // Berkshire Hathaway GUARD Insurance Companies has expanded the list of states the company offers its architects and engineers professional liability product to include Colorado, Kansas, and Wisconsin. With these three...
Nov 2 2020 // According to Insurance Journal’s 2020 Agency E&O survey, slightly more than half of all respondents (50.2%) saw an increase in their E&O renewal premium from 2019 to 2020, and 53.8% expect another increase at...
Nov 2 2020 // The agency errors and omissions liability market has enjoyed stable market conditions for years. But that could be changing as agents and their insureds attempt to balance emerging risks in a changing insurance market.The...
Oct 30 2020 // Nexus Specialty has hired Katie Schneider as assistant vice president, Management & Professional Liability, in the group’s Chicago, Ill., office. The company also named William K. Fayette, senior underwriter,...
Oct 19 2020 // If you do not do much home or auto maintenance or build furniture, or in general, you just don’t do much with hand tools for any reason, then you probably only need two screwdrivers — a Phillips #2 and a...
Oct 16 2020 // The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health...
Oct 15 2020 // The McGowan Companies (McGowan), based in Fairview, Ohio, has purchased the assets of M.P. Caplice Insurance Group LLC and related entities (M.P. Caplice).In the near future, M.P. Caplice will be re-branded under the...
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms.The LPL policy provides up to $5 million in...
Oct 9 2020 // Independent specialty managing general agent Nexus has added a Brit Syndicate to its US roster of carriers, giving it the ability to now underwrite its miscellaneous professional liability product on an excess &...
Oct 8 2020 // AMS Professional Liability, a wholesale broker in the state of Florida, and Allsouth Professional Liability, a brokerage specializing in professional liability insurance in the southeastern United States, have been...
Oct 5 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt Jorgensen LLC, a managing general underwriter specializing in professional liability...
Sep 30 2020 // Allianz Global Corporate & Specialty (AGCS) has made several hires to strengthen its cyber insurance underwriting team: Tresa Stephens as regional product leader; Josh Navarro, executive underwriter; and Ed Lee,...
Sep 30 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
Sep 24 2020 // Berkshire Hathaway GUARD Insurance Companies has further expanded its professional liability products including coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of...
Sep 21 2020 // Professional liability insurance is a complex and interesting concept. As insurance professionals, or practitioners if you prefer, we are used to the concepts and terms of several different liability policies. We...
Sep 21 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...