Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
The Power of Trust and the Value of an E&O Audit
Mar 4 2019 // I have been completing E&O audits for almost 25 years now. My first experience was one of the oddest because my trainer had me watch him complete 1.5 audits. Halfway through the second audit, he turned it over to me...
How to Conduct an E&O Self Audit
Feb 18 2019 // Mistakes happen. After all, we are human. That is why insurance agencies have agency errors and omissions (E&O) coverage. Even with the support of E&O coverage, an E&O claim can take its toll on the people...
New Jersey’s Brooks Insurance Agency Hires McCluskey
Jan 31 2019 // Brooks Insurance Agency, a Manalapan, N.J.-based multi-line wholesaler, has hired Michael McCluskey as senior vice president and broker. McCluskey specializes in placing professional liability insurance for the financial...
INSUREtrust Adds Boyd as a Professional Lines Account Executive in Georgia
Jan 28 2019 // INSUREtrust has added Rachel Boyd as a Professional Lines account executive on Executive Vice President Christiaan Durdaller’s brokering team. Boyd has seven years of wholesale experience in management liability,...
Amity Insurance Agency Forms Strategic Alliance with New Hampshire Bar Association
Jan 24 2019 // Amity Insurance Agency Inc., a Quincy, Mass.-based full service agency, has formed a strategic alliance with the New Hampshire Bar Association. The announcement was made by Roy Solomon, president and owner at Amity...
Synergy Professional Associates Launches Lawyers PL Programs in Arizona, Texas
Dec 20 2018 // Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has launched two new lawyers professional liability programs focusing on small law firms in Arizona and Texas. The new...
Agents Warned About E&O Risks in Claiming Cyber, Cannabis Expertise
Dec 14 2018 // Insurance agents and brokers who market themselves as experts in cannabis or cyber could wind up regretting that positioning. Because both are relatively new exposures subject to changing regulations and coverages,...
Sompo International Forms Cyber Team, Expands Insurance Offering
Dec 11 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its cyber insurance capabilities with the introduction of a dedicated U.S. team focused...
Swiss Re Corporate Names Aerni as Global Head Casualty, Financial, Professional Lines
Dec 7 2018 // Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be responsible for products and global markets for these two lines...
Expert Sees a ‘Strong Need’ for Insurance for Cannabis Industry
Dec 3 2018 // Powered by InsuranceJournal.tv There’s “still a really strong need” for specialty insurance to cover cannabis businesses as well as medical professionals prescribing cannabis, according to an attorney who...
How States Differ in Responding to Coverages and Their Application
Dec 3 2018 // I have done a tremendous amount of errors and omissions (E&O) work over the years, including serving as approved and accredited auditor for two major E&O carriers, a certified E&O instructor, an author of an...
People
Dec 3 2018 // Rogers & Gray Insurance, a Kingston, Mass.-based independent insurance agency, has hired Ryan Brown to its management team. Brown joins the agency from Safeco, a Liberty Mutual Company, where he was the senior...
AXIS Consolidates 4 Businesses Into Single Global Cyber and Technology Unit
Nov 30 2018 // AXIS Insurance said it is merging its U.S. Cyber, Technology, Media and Miscellaneous Professional Liability businesses into one major division to better address “borderless risks.” Dan Trueman has been...
New Jersey’s RT Specialty/New Day Appoints Reynolds as an Assistant Vice President
Nov 20 2018 // RT Specialty/New Day, a Hamilton, N.J.-based division of R-T Specialty LLC, has named Joe Reynolds as an assistant vice president in the National Environmental and Construction Professional Liability Practice (formerly New...
Medical Professional Liability Insurers Post Underwriting Loss Again
Nov 19 2018 // U.S. medical professional liability insurers reported an underwriting loss again last year, according to Fitch Ratings in a new report that says the results are drawing more scrutiny around reserves that are shrinking. For...
Worldwide Facilities Adds Davis to Brokerage Team in Atlanta
Nov 16 2018 // Worldwide Facilities, a national wholesale insurance brokerage, managing general agent and program underwriter, has added Angela Davis as a healthcare broker to its brokerage team. Davis began her insurance career in 2003;...
PLUS Experts: One of the Biggest Gaps in Cyber is Explaining it to Customers
Nov 9 2018 // What’s one of the biggest gaps in cyber? Good communication between the insurance industry and customers, who are in need of more than just products to help protect them from risks in the rapidly changing digital...
RSG’s ThinkRisk Becomes Part of EmergIn Risk
Nov 9 2018 // RSG Underwriting Managers is merging two of its managing general underwriter teams, EmergIn Risk and ThinkRisk. The teams will operate under the EmergIn Risk brand going forward. Reza Khan, based in New York, will lead the...
Beazley’s Norton Joins Brit Global USA to Lead Cyber Team
Nov 8 2018 // Jeff Norton has been appointed to the role of senior vice president, Cyber & Technology, for Brit Global Specialty USA. He will be responsible for leading and growing BGSU’s cyber and technology team. Norton...
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
