All the headlines from our Professional Liability Topic Page, ordered by recency.
Jun 23 2020 // Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month.The partnership will allow Hiscox to give businesses flexibility,...
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
Jun 16 2020 // Specialty insurer AXIS Insurance reported it has hired Eric Seyfried as Head of Cyber U.S. Open Market. In this new role, Seyfried will help implement the U.S. strategy for AXIS Insurance’s global cyber and...
Jun 15 2020 // An agent who is a client of mine asked me, “Do you really think any business owner is truly happy with their agent or insurance company today?” Good question. Having to tell the public over and over and over,...
Jun 3 2020 // The Hanover Insurance Group, Inc. has added enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering.Hanover Accountants Professional Advantage offers...
Jun 1 2020 // Aon announced that Brent Rieth is the new U.S. Practice Leader of the Cyber Solutions Errors and Omissions/Cyber Broking team. Rieth first joined Aon in 2009 as team leader of the E&O/Cyber broking effort for...
May 18 2020 // Is the Insurance Policy Affected if the Business Opens Against a Governor’s Orders: The Facts About Supposed “Illegal Acts” ExclusionsStates have gone to war against some municipalities over COVID-19....
May 18 2020 // It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know?Also true, but rarely said is the following, “Often,...
May 18 2020 // Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials.In several cities, groups of businesses have filed...
May 15 2020 // Melville, New York-based managing general underwriter CorRisk Solutions has hired Christine DeFelice to lead its architects and engineers (A&E) professional liability team. DeFelice is based in CorRisk’s New York...
May 13 2020 // Norman-Spencer Agency LLC (Norman-Spencer), a Dayton, Ohio-based program administrator and wholesale brokerage, has acquired the business assets of Intercorp Inc. and BNK Insurance Services.Terms of the deals were not...
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
May 6 2020 // Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials.In several cities, groups of businesses have filed...
May 4 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 20%, or 11,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according to a...
May 1 2020 // Wholesale insurance broker and underwriting manager, Burns & Wilcox, has added Laura McCormick to its leadership team. McCormick joins Burns & Wilcox as regional practice group leader, Professional Liability for...
Apr 29 2020 // Atlanta, GA, April 29, 2020 — Breckenridge Insurance Services is pleased to welcome Michael Silvestri, Tracey Burmingham, AAI and Vance Root as vice presidents/brokers to the company as part of its expansion plans...
Apr 13 2020 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its executive & professional lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance...
Apr 9 2020 // As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the...
Apr 6 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a report.The...