Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Brokers Missing Out on Big Opportunities in Trade Credit Insurance Market
Feb 21 2014 // Agents and brokers who are not selling trade credit insurance – also known as receivables insurance – are missing huge opportunities but also opening themselves up to errors and omission (E&O) exposures, according...
Burand’s Agency E&O Blog: Tip #54
Feb 21 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...
Berkshire Hathaway Specialty Launches Consolidated Endorsement for Contractors
Feb 19 2014 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced a consolidated insurance endorsement which combines numerous primary general liability coverage enhancements in a single product designed expressly for...
Arrowhead General Insurance Agency, Inc. Appoints Bill Farran as President of its Professional Liability Division
Feb 19 2014 // San Diego, Calif. (02/19/2014) – ARROWHEAD General Insurance Agency, Inc., one of the largest program administrators in the country, has appointed Bill Farran as president of the Professional Liability Division. Farran...
E&O Insights: How Well Do You Know Your Own E&O Policy?
Feb 10 2014 // As many agents know, there are various standards to which they will be held in the event of litigation. There are also standards to which customers will be held. One of those standards involves a duty the customer has to...
Why Agencies Need to Pay More Attention to Insurer Insolvency
Feb 10 2014 // A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. A number of companies, agencies and other firms benefit if less attention is paid...
Burand’s Agency E&O Blog: Tip #54
Feb 6 2014 // Tie-In Sales. The odd evolution of personal lines insurance has now come full circle in many states. Years ago insurance companies limited agents to only writing auto if the agency also placed the insured’s...
NSM Insurance Group Acquires Professional Underwriters Agency
Feb 3 2014 // NSM Insurance Group announced it has acquired Professional Underwriters Agency Inc. (PUA), a managing general agent specializing in professional liability and located in Oak Brook, Ill. PUA was founded more than 30 years...
Berkshire Hathaway Specialty Insurance Emerges From 2013 As a Serious Player
Jan 27 2014 // Last year was quite a year for Berkshire Hathaway Specialty Insurance (BHSI) – or half of a year, anyway. Since opening its doors for business in June 2013 with much fanfare, the new venture has gone from four to nearly...
ProAssurance Announces Management Promotions, Realignments
Jan 24 2014 // Alabama-based ProAssurance Corp. announced a series of promotions and reporting realignments. Effective immediately, Howard H. Friedman is the president of the Healthcare Professional Liability Group within ProAssurance....
Great American Introduces Enhanced Coverage for Human, Social Service Groups
Jan 24 2014 // Great American Insurance Group has launched enhanced professional liability coverage for human and social service organizations. The coverage, offered through its Specialty Human Services Division, is designed to protect...
Burand’s Agency E&O Blog: Tip #53
Jan 23 2014 // TPA Activities. Some agencies are unknowingly conducting TPA activities. Others are knowingly offering these services without knowing whether their E&O policy will provide coverage. Many insurance agency E&O...
Argo Pro Launches EPL Insurance Hotline for Policyholders
Jan 17 2014 // Argo Pro, a member of Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has launched a new employment practices liability insurance hotline to support...
E&O Insights: How ‘E&O Proof’ is Your Agency?
Jan 13 2014 // Another year is in the books. As your agency reflects on the past year, how would your answer the following question: Are you a better errors and omissions (E&O) risk today than compared to a year ago? Many issues...
Burand’s Agency E&O Blog: Tip #52
Dec 27 2013 // Update Census Forms on AORs/BORs. When an agency takes over a group benefits account by AOR or BOR, it is likely picking up the prior agency’s/broker’s mistakes. Sometimes, for many different reasons ranging...
Business Risk Partners Hires 3 Underwriters in Connecticut
Dec 22 2013 // Business Risk Partners, a Windsor, Conn.-based managing general agency focused on specialty commercial insurance, recently added three new underwriters. Elizabeth Chapin Martinelli was hired as a miscellaneous professional...
The Agency Manager-Employee Operations Gap and E&O Risk: Survey
Dec 19 2013 // Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications. The survey reveals that...
Young Joins Swett & Crawford’s Dallas Professional Services Team
Dec 18 2013 // Swett & Crawford, part of the independent global wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC), announced the addition of Ben Young to its professional services practice group in Dallas...
Arch Enhances Healthcare Facility Professional Liability Form
Dec 17 2013 // Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S called Net Protection PLUS / Regulatory Defense PLUS coverage, which will be...
Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals
Dec 13 2013 // Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals. CyberPro...
