Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
McGowan Acquires North American Professional Liability Insurance Agency
Jul 11 2017 // The McGowan Companies (McGowan), headquartered in Fairview Park, Ohio, announced it acquired North American Professional Liability Insurance Agency LLC (NAPLIA), effective April 1. NAPLIA will be re-branded under the...
Insurers Say Legal Malpractice Claims Hold Steady But Defense Costs Rise
Jul 11 2017 // Most leading legal malpractice insurers saw their claims level off in 2016 although their cost to defend claims continued to escalate. A study by insurance broker Ames & Gough finds that while the number of new...
McGowan Purchases Assets of Massachusetts’ NAPLIA
Jul 11 2017 // The McGowan Companies (McGowan), a Fairview Park, Ohio-based company offering specialized insurance programs, has purchased the assets of Framingham, Mass.-based North American Professional Liability Insurance Agency LLC...
Koclanes Joins Founders Professional as Wholesale Broker in Chicago
Jul 7 2017 // National professional liability and management liability wholesale insurance brokerage, Founders Professional, has added Catherine Koclanes to its team in Chicago, Illinois, as a wholesale broker. Koclanes will assist...
Burns & Wilcox Expands Footprint in Pennsylvania, Plans More Hires
Jun 29 2017 // Burns & Wilcox, a wholesale insurance broker and underwriting manager, has increased its footprint in Pennsylvania with an office move and expansion for its Pittsburgh office to accommodate its growing team and...
Medical Professional Insurance Market in Good Health for Now: A.M. Best
Jun 19 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
New Aon Professional Liability Coverage Available for 300-Plus Small Business Classes
Jun 16 2017 // Aon Affinity, the affinity business of Aon plc, has launched Aon Professional Liability Plus, a nationwide program that provides malpractice insurance to more than 300 classes of traditionally hard-to-place small...
Founders Professional Adds Porter to Florida Team
Jun 13 2017 // National professional liability and management liability wholesale brokerage, Founders Professional, has added Adrienne Porter to its Miscellaneous Professional Liability team. Porter will be joining the team in St....
Goldberg Joins Ryan Specialty Group’s Sapphire Blue in Chicago
Jun 9 2017 // Ryan Specialty Group (RSG) announced that Debra Goldberg has joined RSG’s managing general underwriting company, Sapphire Blue, as chief underwriting officer. Goldberg is based at Sapphire Blue’s headquarters...
MiniCo Launches Miscellaneous Professional Liability Program
Jun 6 2017 // MiniCo Insurance Agency has launched a miscellaneous professional liability insurance program to provide errors and omissions (E&O) coverage for a range of professional service providers. Rick Paladino will manage the...
Dreaming of Selling Your Agency? Here’s How to Avoid Costly Mistakes
Jun 5 2017 // “I’m being bought out!” “We’re merging with an agency five times our size that will take our revenue to a whole new level!” While expressions of excitement like the ones above might be...
A Few E&O Tips to Watch: Certificates, Carrier Ratings and Alternative Markets
Jun 5 2017 // It seems agencies today have more challenges than ever. Below are three tips to reduce errors and omissions (E&O) exposures. 1. Send Certificates of Insurance I would love to share with you a story regarding a...
Medical Professional Insurance Market in Good Health for Now: A.M. Best
May 12 2017 // The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus the prospect of positive earnings in the medium term,...
Private Firms Lose Privacy When Liability Battles Reach Courtroom
Apr 21 2017 // “It’s like a Kardashian episode.” That outburst from an unidentified person spoke to the fact that private companies can make their affairs very public in bitter courtroom battles over management...
Pioneer Expands Miscellaneous E&O Division with 2 Pennsylvania Appointments
Apr 20 2017 // Pioneer Underwriters (Pioneer) has appointed Milan Devetak as senior underwriter and Andrew Nowlan as underwriter in the Miscellaneous E&O, Technology & Cyber division of its U.S. underwriting platform, Pioneer...
Connecticut’s Business Risk Partners Hires Stein and Rathore
Apr 19 2017 // Specialty underwriter and program administrator Business Risk Partners (BRP), headquartered in Windsor, Conn., has added two new members to its Professional Liability (E&O) and Operations team. Jennifer Stein was named...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 17 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest rate decreases, according to a...
Understanding the Needs of the Hybrid Nonprofit Organization
Apr 17 2017 // The nonprofit of yesterday has evolved, and a new, hybrid nonprofit model has emerged, bringing with it an array of complexities. Human services agencies and nonprofits across the country have recognized crucial needs in...
Cyber Losses Testing Insurance Policy Boundaries
Apr 13 2017 // Now that cyber attacks and data breaches have become common, insurers and risk managers are struggling to assign the resulting costs and losses among different types of insurance. On the one hand, there are traditional...
Insurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Apr 7 2017 // Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases in rates. That’s...
