Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Malpractice Claims Against Hospitals Hold Steady But Severity Increases
Oct 16 2020 // The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health...
McGowan Acquires Assets of Illinois’ M.P. Caplice Insurance Group
Oct 15 2020 // The McGowan Companies (McGowan), based in Fairview, Ohio, has purchased the assets of M.P. Caplice Insurance Group LLC and related entities (M.P. Caplice). In the near future, M.P. Caplice will be re-branded under the...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
Nexus Adds E&S Market to Professional Liability Offering
Oct 9 2020 // Independent specialty managing general agent Nexus has added a Brit Syndicate to its US roster of carriers, giving it the ability to now underwrite its miscellaneous professional liability product on an excess &...
DOXA Acquires AMS Professional Liability, Allsouth Professional Liability of Florida
Oct 8 2020 // AMS Professional Liability, a wholesale broker in the state of Florida, and Allsouth Professional Liability, a brokerage specializing in professional liability insurance in the southeastern United States, have been...
Worldwide Facilities Acquires New Jersey’s Hunt Jorgensen
Oct 5 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt Jorgensen LLC, a managing general underwriter specializing in professional liability...
Allianz Adds 3 From Argo to Cyber Insurance Team
Sep 30 2020 // Allianz Global Corporate & Specialty (AGCS) has made several hires to strengthen its cyber insurance underwriting team: Tresa Stephens as regional product leader; Josh Navarro, executive underwriter; and Ed Lee,...
Agents Warned of ‘Creative’ Attorneys, Virus Lawsuits
Sep 30 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
Berkshire Hathaway Guard Expands Professional Liability Products Into Multiple States
Sep 24 2020 // Berkshire Hathaway GUARD Insurance Companies has further expanded its professional liability products including coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of...
Insurance for ‘Human’ Professionals
Sep 21 2020 // Professional liability insurance is a complex and interesting concept. As insurance professionals, or practitioners if you prefer, we are used to the concepts and terms of several different liability policies. We...
Agents Warned of ‘Creative’ Attorneys and COVID-19 Lawsuits
Sep 21 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
Trump Labor Rule That Narrows ‘Joint Employer’ Standard Struck Down by Judge
Sep 9 2020 // A federal judge on Tuesday struck down a Trump administration rule that narrowed the definition of “joint employer,” and which the attorneys general of 17 states and Washington, D.C. said would eliminate...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
Texas Insurance Agency Released from Suit by Restaurant Group Over Virus Losses
Aug 21 2020 // A federal judge in Texas has dismissed an independent insurance agency from a lawsuit brought by a Dallas restaurant group seeking reimbursement for business income losses stemming from the civil authority enforced...
Beazley Builds in Midwest with 4 Cyber and Executive Risk Underwriters
Aug 7 2020 // Specialist insurer Beazley has appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk division. Jon Perry and Megan Feyereisen join as executive risk underwriters, while Brett Kreiter and...
Berkshire Hathaway GUARD Offers Accountants Professional Liability in Pennsylvania
Jul 27 2020 // Berkshire Hathaway GUARD Insurance Companies recently announced it added Pennsylvania to the list of states where the insurer offers its Accountants Professional Liability product. In 2016, it began writing Professional...
Insurers Exploring ‘New World’ of Police Officer Professional Liability
Jul 24 2020 // U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police...
Chubb Promotes 2 in Leadership Changes at Westchester and Financial Lines Businesses
Jul 22 2020 // Global insurer Chubb announced that Scott Meyer will succeed retiring Bruce Kessler as senior vice president, Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines...
BHSI Names Amandi from Allianz as Head of Financial Institutions in Germany
Jul 21 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has named Dr. Frank Amandi as head of Financial Institutions, for Executive and Professional Lines in Germany. Amandi has more than 20 years of experience...
Are You Really Interested in Learning to Do Your Job Better?
Jul 20 2020 // One of my favorite books and movies is The Milagro Beanfield War. It takes place in the ’70s in a small, poverty stricken, dirt street northern New Mexico village. It’s close to a third world village, and into...
