Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Protx Risk Management Launches Bancshield+ Portfolio for Community Banks
Dec 12 2013 // Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of professional liability products for U.S. community banks, including directors and officers...
Hub Names Perez-Reyes Vice President in California
Dec 12 2013 // Hub International Insurance Services Inc. named Arturo Perez-Reyes vice president and privacy and errors and omissions lead in its San Francisco, Calif. commercial division. In addition to his production role and client...
E&O Insights: How to Minimize E&O When Selling Employee Benefits
Dec 2 2013 // Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee...
Ironshore Canada Launches PL Coverage for Private Equity Risks
Nov 27 2013 // IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for Canadian-based private equity and venture capital firms to protect against portfolio...
Burand’s Agency E&O Blog: Tip #51
Nov 27 2013 // State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client insured by an admitted carrier. This is not true. Many state’s guaranty...
All Risks South Central Hires Hayes, Ojeda
Nov 25 2013 // The South Central operation of All Risks Ltd., based in Dallas, has added producers Jason Hayes and Priscilla Ojeda. As the newest broker, Hayes has more than a decade of experience in the insurance industry and provides...
Burand’s Agency E&O Blog: Tip #50
Nov 21 2013 // Binders Redux. A binder is a temporary insurance contract. This is a fact. The Acord 75 field Description states, “A Binder is a temporary insurance contract which provides coverage in advance of the issuance of an...
Burand’s Agency E&O Blog: Tip #49
Nov 19 2013 // Date Stamping. Could any E&O blog address a simpler subject than date stamping? Maybe not, but date stamping correctly to mitigate E&O exposures is something too few agencies practice. Most agencies I visit have a...
10 Things to Know About LTC and Assisted Living
Nov 18 2013 // 91% of assisted living residents say they are safer living in an assisted living community than they would be living on their own. (Assisted Living Federation of America’s 2013 Survey of Assisted Living...
Berkshire Hathaway Specialty Adds Healthcare Risk Management
Nov 13 2013 // Berkshire Hathaway Specialty Insurance is expanding its healthcare professional liability capabilities to provide customers with customized risk management support. The company will now reimburse qualified healthcare...
U.S. Risk Rebrands PL Division, Launches Program for Texas Lawyers
Nov 12 2013 // U.S. Risk Insurance Group, Inc., a nationwide managing general agency and surplus lines, has launched a new program for Texas lawyers’ professional liability through its U.S. Risk Pro division. This admitted program,...
Mayes Joins ANV to Lead New Technology E&O and Intangible Risk Team
Nov 5 2013 // Netherlands-based ANV Holdings BV announced that Phil Mayes will lead its new Technology E&O and Intangible Risk Underwriting team. He will be responsible for “building and running the new division which will...
Md.-Based Victor O. Schinnerer & Co. Names Senior Underwriting Manager
Nov 4 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has named Steve Cohen as senior underwriting manager for its management liability programs. In his new role, Cohen will oversee the...
E&O Dangers for Agents
Nov 4 2013 // Specializing is one way to get ahead in today’s insurance world. But becoming an expert comes with its own share of risks. Phrases such as “expert” or “specialist” have the potential to raise...
How Health Law Could Affect Medical Professional Liability
Nov 4 2013 // The U.S. medical professional liability (MPL) market has been profitable in recent years, but challenges await MPL insurers because an influx of newly insured patients, coupled with healthcare delivery system changes,...
E&O Insights: What Could Go Wrong When Insuring Habitational?
Nov 4 2013 // Insuring habitational risks has generated more than its fair share of errors and omissions (E&O) claims. While there are a host of issues, consider these specific ones: valuation, ordinance or law coverage and...
Franchise Opportunities
Nov 4 2013 // Can you name an industry that contributes $2 trillion to our country’s gross national product (GNP)? How about an industry that is the fastest-growing and represents one in every 12 businesses that exist today? Or...
ProWriters Launches Small Business Online Quoting Platform
Oct 29 2013 // ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance with general liability and/or a business owners policy (BOP). Quotes for small...
WKFC Launches Miscellaneous Professional Liability Program
Oct 28 2013 // Ryan Specialty Group’s WKFC has launched a miscellaneous professional liability program with the Chubb Group of Insurance Cos. (Chubb). The miscellaneous professional program is available for more than 100 classes of...
Coverys to Acquire Ohio Medical Professional Liability Insurance Firm
Oct 28 2013 // FinCor Holdings Inc., a member of Coverys which is based in Boston, has agreed to acquire OHA Holdings Inc. and its wholly-owned subsidiary OHA Insurance Solutions (OHAIS), located in Columbus, Ohio. Coverys provides...
