Latest Professional Liability Headlines

Professional liability in a financial world

Dec 25 2006 // Terrorism, corporate scandals and regulation make way for institutional change What professional liability exposures do financial institutions face today? Have risks significantly changed since 2001? If so, why? Major...

Dec 24 2006 // People Members of the National Association of Insurance Commissioners elected 2007 officers during the group’s winter meeting in San Antonio, Texas. NAIC named Alabama Insurance Commissioner Walter Bell president,...

2006 New Markets Report

Dec 24 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...

Professional liability in a financial world

Dec 24 2006 // What professional liability exposures do financial institutions face today? Have risks significantly changed since 2001? If so, why? Major events have had a direct impact on insurers, agents and the industry and have...

Burns & Wilcox Promotes Lyon to Assistant Branch Manager in Sacramento

Dec 20 2006 // Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has promoted Ken Lyon to assistant branch manager in the company’s Sacramento,...

S&P Raises Outlook on Professionals Direct

Dec 20 2006 // Standard & Poor’s Ratings Services recently revised its outlook on Professionals Direct Insurance Co. (PDIC) to stable from negative. Standard & Poor’s also said that it affirmed its ‘BBB’...

Darwin Expands Data Security Coverage for Health Care Firms

Dec 14 2006 // Specialty insurance underwriter Darwin Professional Underwriters, Inc., is expanding its Tech//404 liability product for health care organizations in response to increasing exposure to network security and data privacy...

Venture Programs’ Latest Offering: Professional and Management Liability

Dec 12 2006 // Venture Insurance Programs of West Chester, Pa., (www.ventureprograms.com), a national program administrator, has launched Venture Professional, a professional and management liability solution featuring Directors &...

Dissecting a claims made policy

Dec 11 2006 // Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region...

Best-in-class program writers

Dec 11 2006 // Today’s competitive specialty program marketplace requires attention to detail, including efficiency, professionalism and ethics. One way to stand out above the rest is to become a best-in-class program...

Innovations in information technology spur need for up-to-date underwriters

Dec 10 2006 // With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology business...

Dissecting a claims made policy

Dec 10 2006 // Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region...

Five keys to captive success

Dec 10 2006 // Whether you’re talking about road contractors or hospitals or agents and brokers, every organization has in-house expertise. And you want to use it. You need to bring members together to share best practices. The...

AMIS Offers Policies for Real Estate Appraisers, Investigators, Adjusters

Dec 7 2006 // San Diego-based AMIS, Alliance Marketing and Insurance Services, has announced it is offering broader package policies for real estate appraisers handling residential and commercial property. This policy is underwritten by...

Mich. First Mercury Hires Senior Vice President, Professional Liability

Dec 5 2006 // Southfield, Mich.-based First Mercury Financial Corp.has announced the hiring of Thomas A. Greene, Jr. as a senior vice president of CoverX. In this newly created position, Greene will be responsible for overseeing and...

Fox Point Programs Offers E&O Product for Security Broker Dealers

Dec 4 2006 // Fox Point Programs based in Wilmington, Del., has partnered with underwriters at Lloyds of London to offer errors and omissions insurance for securities brokers-dealers. The coverage provides protection against allegations...

London American Professional Liability introduces a new Real Estate Agents & Brokers E&O Program

Dec 1 2006 // Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL), a Program Administrator and MGA, introduces a new program for Real Estate Agents and Brokers Errors and Omissions. The program is being...

Contractors Professional Liability Grows, But Buyers Not Always Buying

Nov 21 2006 // The contractors professional liability insurance market is growing, but many contractors who have a professional exposure are not buying coverage, according to a new survey by Ames & Gough, based in Washington, D.C....

Monarch E&S Names Bernstein Director of Professional Lines

Nov 21 2006 // Monarch E&S Insurance Services of La Crescenta, Calif., has appointed Wayne E. Bernstein director of professional lines. He will develop and head up the company’s Executive Liability and Professional Liability...

Hiscox USA Offers Technology E&O

Nov 9 2006 // Hiscox USA, part of the Hiscox Group, a provider of specialty insurance, is now licensed to provide technology errors and omissions (E&O) insurance to U.S. businesses directly from its two New York locations. Neil...