Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team
Oct 14 2022 // This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability...
Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows...
Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim
Jul 4 2022 // A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 20 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim
Jun 17 2022 // A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 14 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
11th Circuit: Safeco Doesn’t Owe in Subro Claim by Agency’s E&O Carrier
May 18 2022 // A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused...
Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
May 12 2022 // Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage...
RPS Signature Programs Launches New Real Estate Appraisers E&O Program with GenStar
Mar 28 2022 // Rolling Meadows, IL., March 28, 2022 – RPS Signature Programs, the program administration division of specialty insurance distributor Risk Placement Services, launches a new Real Estate Appraisers Errors & Omissions...
People Moves: Burns & Wilcox Adds 2 to Professional Liability Practice Group; J.M. Wilson Adds Struck
Mar 7 2022 // Burns & Wilcox Adds Tameka Livatino and Erin Pritchett to Professional Liability Practice Group Burns & Wilcox has named Tameka Livatinoas underwriting director of architects and engineers, based in Chicago. With...
People Moves: Applied Financial Lines Adds 3; Sandbox Ventures Welcomes Chamness
Mar 7 2022 // Applied Financial Lines Names Noble, Owen and Dau Nebraska-headquartered specialty insurer Applied Underwriters has expanded its Applied Financial Lines unit with several key appointments. Kim Noble has been named vice...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Mar 7 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
Markets/Coverages: Take1 Features Film Producers Package; Pathpoint Now Serving Restaurants; Nexus Specialty Targets Management Liability
Mar 4 2022 // Take1 Introduces Coverage for Documentary, Industrial, Commercial, and Educational Film Producers Thanks to the growing number of broadcast, cable and streaming platforms, the market demand for recorded filmed content has...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
People Moves: BHSI Promotes McGriskin to Lead UK FI; Former Enstar Exec Rocke Heads RiverStone Int’l in Bermuda; Tysers Hires Aon’s Lucas for Political Violence & Terrorism Team
Feb 9 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), RiverStone International and broker Tysers. A summary of these new hires follows here. BHSI Promotes...
Norman-Spencer to Grow E&O Program Through RPG with The Hanover
Jan 27 2022 // Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages...
Fox Point Expands E&O Liability Program for Small Business Risks
Dec 16 2021 // Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions...
Amwins Special Risk Underwriters Announces Expansion into Professional Lines
Nov 30 2021 // Exclusive product for Amwins brokers will focus on excess D&O November 30, 2021 — Amwins Special Risk Underwriters today announced the launch of an Executive D&O Liability product. This product marks the...
Professional Liability Insurance Expert Wayne Bernstein Joins Western Security Surplus, an XPT Partners Company
Nov 18 2021 // Bernstein brings 24 years of wholesale insurance expertise to his new position SHERMAN OAKS, CA – November 9, 2021: Western Security Surplus Insurance Brokers (WSS), an XPT Partners company, is pleased to announce the...
