Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Howden Specialty Underwriters Appoints Head of New York Office
Aug 7 2012 // Howden Specialty Underwriters (HSU), part of Hyperion Insurance Group, has appointed Scott Misson to lead its recently opened New York office. He will become a member of the executive team and will report to Bobby Vernon,...
Philadelphia Insurance Cos. Appoints 2 New Executives
Aug 3 2012 // Philadelphia Insurance Companies, a Bala Cynwyd, Penn.-based property/casualty insurance company for niche markets, announced the hiring of two industry veterans. The insurer said it has appointed John Sherlock as senior...
The Libor Scandal – an Ongoing Major Catastrophe
Aug 1 2012 // The scope of the investigations that are unfolding in the wake of the charges against Barclay’s Bank that it rigged the London Interbank Offered Rate (Libor) have taken on the proportions of a major...
5 Ways How Not Using Coverage Checklists Benefits an Agency
Jul 31 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2
Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe...
General Star’s Real Estate Appraiser E&O Program Now Available in N.Y.
Jul 25 2012 // General Star Management professional liability coverage for real estate appraisers has been approved and is now available in New York on an admitted basis. Underwritten by General Star’s Professional E&O...
Dsouza Joins Argo Group in Dubai as Casualty, Professional Lines Underwriter
Jul 25 2012 // Argo Group International Holdings, Ltd. announced that Jason Dsouza has joined Argo Re (DIFC) Ltd. in Dubai as a casualty and professional lines underwriter. He will report to Argo Re (DIFC’s) Chief Underwriting...
5 Benefits of an Agency NOT Using Coverage Checklists
Jul 23 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
Business Moves – Midwest
Jul 23 2012 // Pro Insurance Group, Falvay-Counihan Insurance Pro Insurance Group, a Troy, Mich.-based independent insurance agency, announced the acquisition of Falvay-Counihan Insurance Inc., of Bloomfield Hills, Mich. InPro gains...
E&O Insights: Keep Eyes Wide Open When Handling E&S
Jul 23 2012 // The excess and surplus lines market has been around a long time. It has served the insurance marketplace well, providing specialty coverage and writing tough-to-place risks. While activity in the E&S market is...
Burand’s Agency E&O Blog: Tip# 7
Jul 19 2012 // Voice mail disclaimers. Most agencies today have standard voice mail disclaimers that state something to the effect of, “No coverage can be bound or obtained by leaving a voice mail.” I support this...
Why Workers’ Compensation Leads in E&O Claims
Jul 16 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
Higginbotham Expands Dallas and Houston Business Insurance Staff
Jul 11 2012 // Dallas-based independent insurance firm, Higginbotham, hired broker and sales producer Byron E. Johnson as executive vice president within its commercial property and casualty division. Johnson and his account service team...
Burand’s Agency E&O Blog: Tip #6
Jul 11 2012 // Offer all clients higher liability limits. One of the most common E&O claim examples virtually ever producer and CSR knows is this: What happens if an insured has a large liability claim and they don’t have high...
Hiscox USA Expands Direct, Online Insurance to Allied Health Professionals
Jul 10 2012 // Hiscox USA has expanded their professional liability and general liability policies to allied health professionals. Hiscox’s expanded coverage is currently available in 21 states, including Texas and Florida. The...
Burand’s Agency E&O Blog: Tip #5
Jul 3 2012 // Minor items do cause E&O claims and sometimes your carriers exploit these minor items. Almost every agency occasionally receives law suit papers and every agency knows they have to forward these papers to the carrier...
10 Things Agencies Do Right (and Wrong) with Agency Management Systems
Jul 2 2012 // Records, Reporting, Value Creation As a volunteer engaged with a network of agency management system vendor clients, I have an opportunity to hear from my peers about their experiences and compare this with what goes on in...
Professional Liability Exposures Evolve with Changing Healthcare Environment
Jul 2 2012 // National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed...
Business Transitions More Risky for Lawyers: Study
Jun 29 2012 // The practice of business transactions presents greater professional liability risk for attorneys than many other areas of practice, a new analysis revealed. A new study based on claims from CNA’s Lawyers Professional...
Study from CNA Analyzes Lawyers Professional Liability Claims
Jun 29 2012 // The Risk Control unit of CNA insurance companies has released a study that takes a look at lawyers and the practice of business transactions, a diverse area that often involves drafting and negotiating agreements and...
