Latest Professional Liability Headlines

Law Firms Face Increased Liability Risks Warns Marsh

Jun 16 2008 // A bulletin from Marsh’s London office warns that the economic downturn in the US and many parts of Europe, caused by the contraction of readily available credit in some spheres, may well increase the incidence of...

Jun 16 2008 // People Dallas-based Colemont Insurance Brokers promoted Su Young to vice president in Colemont’s Texas office. Young joined Colemont in 2001 as part of the Texas financial services team and is located in Houston. She...

Claims of Agent’s Professional Negligence Can Be Assigned To Third Party

Jun 2 2008 // The Supreme Court of Arizona ruled that an insurance agent’s clients may assert claims for professional negligence against the client and may assign such claims to third parties. According to D. Jere’ Webb v....

Monarch E&S Offers Accountants Professional Liability

Jun 1 2008 // Monarch E&S Insurance Services is offering an accountants professional liability program in California. Policy coverage features include first dollar defense; personal injury; additonal claims expense limit; aggregate...

Howden Launches U.S. Wholesale Brokerage Division in Miami

May 23 2008 // Miami-based Howden, specialist liability broker and part of the global insurance group Hyperion, launched a new wholesale brokerage division. Howden Broking Group’s Miami office will offer brokers a global network of...

Liability Costs for Long Term Care Industry Stabilize, Aon Reports

May 13 2008 // An Aon Corp. analysis of liability in the long term care industry found for the first time in nine years of reporting that liability costs are stable on a national average basis. The study found that average general...

Medicus Insurance Names Shea President, Davidow CEO

May 5 2008 // Medicus Insurance Co. named Eugenie Shea is president and chief operating officer. She will also serve as executive vice president of the parent company, Medicus Insurance Holdings Inc. Additionally, Sheldon Davidow has...

People

May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...

Davidow, Shea Picked to Lead Medicus Insurance Company

May 2 2008 // Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as...

Survey: Medical Liability Insurers Optimistic About Short-Term Market

Apr 25 2008 // U.S. medical liability insurers anticipate their primary rate levels to decrease in 2008, compared with 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last...

People

Apr 21 2008 // Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island,...

People

Apr 21 2008 // The Main Street America Group board of directors promoted two and appointed two to officer-level positions. The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean...

Contractors and Certificates of Liability Insurance

Apr 21 2008 // Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most...

Prognosis Good in Medical Professional Liability Market

Apr 21 2008 // Tort reform keeping claims frequency down; surplus up, but severity still an issue Tort reform efforts seem to be working, frequency of claims for medical liability is going down, surplus is up and reinsurance capital is...

Health Care Market May Be Safer to Operate In

Apr 21 2008 // Tort reform, soft market, drive down claims frequency in health care facility liability market Health care facility professional liability has faced new challenges due to recent tort reform efforts, the soft market and a...

Valiant Names VP, 2 others to Professional Liability Group

Apr 9 2008 // New York-based Valiant Insurance Group Inc. has hired James E. Bradley as vice president in charge of Valiant’s Lawyer’s Professional Liability Insurance program for small-size firms. Bradley, who will be based...

How Courts and Claims are Altering the D&O Landscape

Apr 7 2008 // Claims frequency, claims severity, subprime, securities fraud and Stoneridge key issues on the horizon From the vantage point of early 2008, insurers writing directors and officers coverage can look back on the prior year...

Chartwell Adds E&S Casualty Division to Arizona Office

Mar 27 2008 // Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to...

Agents: Document, Document, Document

Mar 24 2008 // When I sold my agency in 2001, I moved to Florida and started buying shopping centers. Hurricane Frances almost destroyed the center I acquired across from the beach one day after my first renewal. My agent had originally...

Reasonable Expectations for Agents’ E&O

Mar 24 2008 // The public views insurance agents and brokers as professionals, experienced and knowledgeable in a complicated and specialized field. Negligence focuses on the principle that people who hold themselves out to the public as...