Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Ohio: 3K Medical Professional Liability Claims Closed in 2011
Mar 4 2013 // A total of 3,094 medical professional liability claims were closed in 2011 in Ohio, according to data collected by the Ohio Department of Insurance from entities providing medical professional liability coverage to Ohio...
Burand’s Agency E&O Blog: Tip #25
Mar 2 2013 // Binder Knowledge. What is a binder? I ask this question of most agency staff and many producers I interview. Less than 10% of staff and probably less than 25% of the producers I interview know what a binder is. An amazing...
MarketScout Wholesale Launches E&O Program for Independent Agents
Feb 25 2013 // MarketScout Wholesale (MSW) has formed an exclusive independent agents errors & omissions program. In addition to professional liability, this program provides data breach/privacy protection as well as proactive risk...
E&O Insights: Insuring Personal Watercraft
Feb 25 2013 // Do Your Customers Know the Options? It won’t be long before Mother Nature lets your customers know it’s time to get their boats out of storage and into the water. Other customers might decide it’s time to...
Burand’s Agency E&O Blog: Tip #24
Feb 22 2013 // Out of Office Expectations Does your voice mail tell callers you are out-of-office and will return their calls when you return? Of course it does. Does your email advise people emailing you when you are out that you are...
Where to Find the Best Possible Cyber Coverage
Feb 19 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
NAS Insurance Launches Professional Liability Program for ACOs
Feb 15 2013 // NAS Insurance Services has introduced a comprehensive professional liability insurance program for accountable care organizations (ACOs). The new program combines core E&O and D&O coverage with custom-tailored...
Burand’s Agency E&O Blog: Tip #23
Feb 15 2013 // Do you put an expiration date on all your proposals? If not, when does the proposal expire? Some consumers, most usually commercial insureds, are arguing proposals without expiration dates are good forever. Without an...
Hiscox Enhances Professional Liability Product Portfolio
Feb 13 2013 // Hiscox has launched Hiscox Professional Liability Portfolio – a new product that offers ‘tailor made’ policy forms for certain client segments within its allied healthcare (AHC), architects & engineers...
Price Stability on the Horizon for Lawyers E&O Class
Feb 11 2013 // Claims from the real estate and financial meltdown of 2008 are finally catching up to carriers in the lawyers professional liability marketplace, pushing rates up and eventually forcing out the short-term...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Feb 11 2013 // Rates for commercial lines insurance will continue to rise in 2013, thanks to above average losses, low investment returns and receding reserve releases. However, according to a report by Marsh, traditional signs of a...
Burand’s Agency E&O Blog: Tip #22
Feb 8 2013 // Is it smart to sell insurance to prospects that do not speak English? In an earlier blog, I emphasized the need for employing bi-lingual CSRs if an agency is to sell insurance to people that do not speak English. Two...
Lockton Re Hires New Execs to Strengthen Global Reinsurance Capabilities
Feb 6 2013 // Privately-owned Lockton and its specialist reinsurance division, Lockton Re, announced the strengthening of its global brokerage and client relationship capabilities, with a number of senior level hires both in London and...
U.S. Commercial Insurance Prices to Firm in 2013: Marsh
Jan 30 2013 // Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional...
Burand’s Agency E&O Blog: Tip #21
Jan 30 2013 // Do you always verify exposure changes at renewal? The genesis of a common E&O claim is when a commercial client changes their operations and the agency does not catch this at renewal. These claims can be property or...
The Hanover Enhances Technology Product Suite
Jan 28 2013 // The Hanover Insurance Group, Inc. is enhancing its technology product suite to build on the company’s suite of specialized products for small to mid-sized technology companies, with a focus on its errors and...
After the Storm: Agents’ E&O Lessons Learned
Jan 28 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. For the most part, the types of allegations and claims that surface after a catastrophe are the same as...
E&O Insights: Differences Between Standard, Excess & Surplus Markets
Jan 28 2013 // For as long as the insurance industry has been around, the excess and surplus (E&S) lines marketplace has served a vital role in writing difficult-to-place, specialty business for which admitted markets don’t...
Cyber Liability: Where to Find Cyber Coverage
Jan 28 2013 // The Buyer’s Guide to the Best Possible Cyber Insurance There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber...
N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President
Jan 25 2013 // Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines. In his new role, Specht will be responsible for driving new business and product development across...
