Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
ACE Creates Global Cyber Risk Unit Headed by Merrill
Apr 7 2014 // ACE Group has created a Global Cyber Risk Practice to address growing risks as legislation and exposures for privacy and network security evolve around the world and customer demands for cyber risk insurance and risk...
E&O Insights: How Errors & Omissions Liability Policies Respond When Buying or Selling an Agency
Apr 7 2014 // It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications,...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Apr 7 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Ironshore Canada, IronPro Division Appoint M&A Execs
Apr 1 2014 // Ironshore Canada Ltd. has announced the appointments of key executives within its Mergers & Acquisitions division and for IronPro, the professional and management liability unit of Ironshore Inc. Ironshore named Andrew...
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans
Mar 31 2014 // Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s...
Burand’s Agency E&O Blog: Tip #56
Mar 27 2014 // Personal Lines Quote Sheets. In most agencies, CSRs base their personal lines quotes off the data gathered per their quote sheets. Two common problems exist using quote sheets. The first is many agencies’ quote...
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Burand’s Agency E&O Blog: Tip #55
Mar 24 2014 // Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers generally do not exist because the applicable standard is case and fact...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Endurance Insurance Enhances Network Security, Privacy Coverage
Mar 20 2014 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network...
Markel Names Williams As Director of Medical Professional Liability
Mar 20 2014 // Markel Corp. announced that Troy Williams has joined the medical malpractice team as director of Medical Professional Liability. Williams is based in the Deerfield, Illinois office; his responsibilities are...
Lockton, Visiting Nurses Association Launch Professional Liability Program
Mar 18 2014 // The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the...
Chicago-Based Schmitt Joins Worldwide Facilities to Professional Liability Team
Mar 18 2014 // Worldwide Facilities Inc. added William (Bill) Schmitt to its professional liability team. He will work out of Worldwide’s Chicago, Ill., office. Schmitt has 20 years of professional liability insurance experience,...
Veracity Insurance Expands Security Program to New York
Mar 13 2014 // Veracity Insurance Solutions, LLC has expanded its alarm and security program into New York State. The addition of New York completes the list of territories allowing Veracity to provide coverage to the alarm and security...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Mar 12 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
The Upcoming Windows XP Apocalypse
Mar 10 2014 // The end of the world is coming. The world of Windows XP that is. A significant event is happening in the technology industry that will affect insurance agents. On April 8, 2014, Microsoft will no longer support Windows...
E&O Insights: Put the Power of the Signed Application to Work
Mar 10 2014 // With few exceptions, an application is a necessary document to secure a proposal or to bind coverage, and can actually possess tremendous power. When an errors and omissions (E&O) matter develops, all of the various...
NORCAL Now Selling Medical Professional Liability in South Carolina
Mar 5 2014 // The NORCAL Group’s Medicus Insurance Co. is now offering medical professional liability insurance coverage to physicians and surgeons in South Carolina. Ron Rumin, senior vice president of business development, said...
Exclusive Recall Coverage That Goes Hand In Hand with Product Liability
Mar 5 2014 // How can agents communicate the importance of this type of exposure to the industry? There is a natural resistance by all companies in buying additional insurance. A recall event is not a physical damage event. It does not...
Technology’s Opening a Whole New World of Agent E&O Exposures
Feb 24 2014 // Those in the insurance industry have another errors and omission (E&O) risk to consider these days, and they have technology to thank for it. Anyone in the insurance industry that possesses, stores, transmits or...
