Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
ACE USA Expands Coverage for Hospitals, Miscellaneous Healthcare Facilities
Jan 24 2013 // ACE USA’s Medical Risk & Life Sciences Division has introduced four new coverage endorsements: media event expense, disciplinary proceeding defense, emergency evacuation expense, and patient property damage. The...
Burand’s Agency E&O Blog: Tip #20
Jan 23 2013 // Do you have standardized procedures? One of the terms key to understanding E&O exposures is, “invariable practice.” In other words, does the agency invariably follow the same procedure every time? The point...
ThinkRisk, Aspen U.S. Partner to Offer Media, Technology, Privacy E&O Program
Jan 18 2013 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors...
Burand’s Agency E&O Blog: Tip #19
Jan 16 2013 // Knowledge. E&O risk management knowledge can be generally divided into two categories. The first category is coverage knowledge. The second category is procedure knowledge. Coverage knowledge has always been important...
Ullico to Offer Policies through Alterra America
Jan 14 2013 // Ullico Inc. has announced that its subsidiary, Ullico Casualty Group, Inc., will begin writing and renewing multiemployer and government fiduciary liability and union liability policies next week with Alterra American...
2013 Insurance Industry Meetings & Conventions Directory
Jan 14 2013 // JANUARY P/C Insurance Joint Industry Forum Jan 15 Waldorf Astoria Hotel, New York, NY Insurance Information Institute www.iii.org 2013 Big ‘I’ Winter Meeting Jan 16-20 The Westin Mission Hills Resort & Spa,...
The Dilemma of Tiny Commercial Accounts
Jan 14 2013 // Many advisors suggest agents simply jettison small commercial accounts. But sometimes small is good. When small accounts are processed and serviced efficiently, these books can be much more stable in tough times than a few...
General Star Enhances Accountants Professional Liability Program
Jan 11 2013 // General Star Management Co. has made a series of revisions to the policy for its accountants professional liability program. Available exclusively via program administrator Pearl Insurance, the product is currently...
Burand’s Agency E&O Blog: Tip #18
Jan 9 2013 // Know Your Binders. Improperly written binders are one of the most significant exposures agencies have to being sued by their own carriers so knowing how to write binders correctly is imperative. One of the issues is...
After the Storm: Insurance Agents E&O Lessons Learned
Jan 8 2013 // More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a...
Wells Fargo Names Pearson VP, Professional Risk Group Cyber Risk
Jan 3 2013 // San Francisco, Calif.-based Wells Fargo Insurance named Rebecca Pearson vice president for its professional risk group’s technology, privacy and network risk practice. Pearson will advise clients on professional...
Evolution of Cyber Coverage: How to Sell to Today’s Businesses
Jan 2 2013 // The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the current tech-heavy world. Since it first came out in the late ’90s, cyber...
Attorneys Discuss Liability Insurance Coverage for Sandy Litigation
Dec 21 2012 // Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and...
E&O Insights: Placing Business with New Markets? Proceed with Your Eyes Open
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
Conn.-Based Business Risk Partners Appoints Senior Underwriter
Dec 14 2012 // Business Risk Partners (BRP), a Windsor, Conn.-based managing general underwriter, appointed Jayne Downey as a senior underwriter overseeing the firm’s technology errors-and-omissions (E&O) and data...
Schinnerer Launches New Real Estate E&O Policy Form
Dec 14 2012 // Victor O. Schinnerer & Company, Inc. has launched a new real estate errors and omissions (E&O) policy form. The new policy provides additional coverage enhancements for real estate professionals and will be...
NAS Launches New E&O, Abuse & Molestation Program for Tutors
Dec 13 2012 // NAS Insurance Services has launched a broader professional liability insurance program for tutors that provides coverage for their E&O and abuse or molestation exposure on one policy. The program offers a simple...
Louisiana Medical Professional Liability Insurer Announces 10% Dividend
Dec 13 2012 // Louisiana Medical Mutual Insurance Co. (LAMMICO), based in Metairie, announced a sixth consecutive dividend for all LAMMICO policyholders in Louisiana and Arkansas. The announcement affects just over 6,000 policyholders,...
E&O Risks When Writing Long-Term Care Insurance
Dec 13 2012 // As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of...
Burand’s Agency E&O Blog: Tip #17
Dec 5 2012 // Is Your Agency Still Accepting Cash Payments? Relatively few agencies today, at least relative to ten years ago, are accepting cash. Technology will reduce cash payments even more. The means to never accept another cash...
