Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Medical Professional Liability Insurers’ Profits Decline But Outlook Stable: A.M. Best
May 11 2016 // The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, A.M. Best said the MPL...
Anesthesia Business Consultants to Offer Professional Liability Coverage Through AJG
May 10 2016 // Anesthesia Business Consultants (ABC), a provider of billing and practice management for anesthesia and pain management specialists, has created a new insurance program for clients. Developed by Arthur J. Gallagher &...
QBE North America Promotes Burkhart to Head of Specialty Management, Professional Liability
Apr 29 2016 // QBE North America has promoted John Burkhart to senior vice president and head of Management Liability & Professional Lines (MLPL). In this newly created role, Burkhart will assume responsibility for QBE North...
General Star Management Adds Title Agents E&O Program
Apr 19 2016 // General Star Management Co. has launched a new E&O program for title agents. Available in all jurisdictions except for Alaska, Hawaii, Louisiana, and West Virginia, the program is offered through American Insurance...
Chubb Launches Healthcare Industry Practice, Taps Clouser to Lead
Mar 30 2016 // Chubb has launched a new industry practice providing insurance coverage and risk management options to the healthcare marketplace. Chubb’s Healthcare Industry Practice will offer a range of insurance products and...
Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk
Mar 21 2016 // If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a rating agency has warned. Cyber attacks pose dangerous risks and uncertainty...
Insurance Rates for Architects, Engineers Not Going Anywhere
Mar 18 2016 // After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan...
Socius Insurance Services Adds Mittelmark to Florida Office
Mar 16 2016 // Socius Insurance Services, Inc., a management liability and property/casualty insurance wholesaler, has hired Dan Mittelmark to join its management and professional liability practice as assistant vice president. Dan will...
Chubb’s Hearden, Allianz’s LePiane Join Hiscox Professional Risks
Mar 2 2016 // Specialty insurer Hiscox announced senior executive hires to its Professional Risks division, which writes liability coverage for professionals in the technology, architects and engineering, accounting, financial services,...
XL Catlin Expands Professional Liability Unit; Adds AIG’s Santiago
Mar 2 2016 // XL Catlin has announced the regional expansion of its Hartford-based Professional Liability underwriting operations, establishing offices in New York, Chicago, Denver and Toronto. According to Dan Kumpf, chief executive of...
BHSI Launches Portfolio Product for Nonprofit Organizations
Feb 26 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Nonprofit Portfolio, a collection of executive and professional lines coverages tailor-made for America’s nonprofit organizations. The...
BHSI Launches Professional & Pollution Liability Coverage for Contractors
Feb 23 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific...
QBE North America Names Kearns to Lead Financial Institutions Practice
Feb 11 2016 // QBE North America announced that Dennis Kearns, senior vice president, underwriting leader, will assume leadership of its Financial Institutions practice in addition to his existing role leading the Transactional Liability...
Brands & Independent Insurance Agencies
Feb 8 2016 // Much has been discussed and considerable investments have been made specific to branding within the independent insurance agency market over the past five to 10 years. Intense pressure to “brand” exists because...
Ghost of 2008 Crash Still Haunts Real Estate E&O
Feb 8 2016 // The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering...
ISO Launches Management and Professional Liability Unit
Feb 1 2016 // ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the...
Allied World Appoints Herron as VP in Australia Professional Liability Team
Jan 28 2016 // Allied World Assurance Co. Holdings announced that Michael Herron was appointed vice president, Professional Liability – Allied World Global Markets. Based in Sydney, Australia, Herron will be responsible for the growth...
Puno Joins Safety National Re Professional Liability Treaty Team
Jan 28 2016 // Safety National Re announced it has added Charles Puno as vice president with a specialty in professional liability treaty reinsurance. He is based in Indianapolis, Ind. With over 25 years of industry-related insurance and...
BHSI Launches Life Agent & Broker Dealer Professional Liability Coverage
Jan 28 2016 // Berkshire Hathaway Specialty Insurance (BHSI) has launched life agent & broker dealer professional liability insurance and named Atea Martin as head of claims. Underwriting of the new line is overseen by Paul Humel,...
XL Catlin Expands Architects & Engineers Product to Cover Drones, Technology Risks
Jan 25 2016 // XL Catlin’s Design Professional insurance business has enhanced its professional liability insurance for architects and engineers (A&E) as well as other design professionals. XL Catlin’s newest Design...
