Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Agents Advised to Know How Work Comp Trusts Differ From Typical Insurance Companies
Jun 25 2009 // To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of employers who perform related activities in an industry who agree to be...
Court: Professional Liability Policy Excludes Patent Claims
Jun 25 2009 // A professional liability policy does not cover legal fees for patent infringement lawsuits brought by a competing company, a Pennsylvania appeals court has ruled. The ruling comes in response to a suit brought by...
California Legislature Considers Personal, Professional Liability Issues
Jun 22 2009 // The California Legislature is scheduled to hear at least two bills this week pertaining to insurance. SB 39 Torts: Personal Liability Immunity would clarify that disaster service workers who perform disaster services...
Florida Amends Rules for Reporting Professional Liability Claims
Jun 18 2009 // Florida Gov. Charlie Crist has signed into law a bill that amends the rules for reporting of professional liability claims by insurers and health care providers. The bill (SB 2252) also defines when a claim exists and sets...
Best Raises ProAssurance Ratings
Jun 18 2009 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of ProAssurance Group...
Bostonian Group Launches P/C Risk Management Practice
Jun 17 2009 // Massachusetts-based benefits firm The Bostonian Group has formed a property/casualty risk management practice group called Bostonian Solutions Property & Casualty. The firm said its risk management practice will...
Kumpf Joins Catlin in Philadelphia
Jun 16 2009 // International specialty insurer Catlin Group Ltd. has named Dan Kumpf as director of Professional Lines. Kumpf, who will be based in Philadelphia, will oversee the design, environmental and construction professional...
Markel Offers New IT Professional Liability Policy Form
Jun 8 2009 // Markel Corp. introduced a new policy form for information technology professionals. The new InfoPro policy includes: — Professional liability coverage that automatically applies to broadly defined technology...
Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions
May 28 2009 // Catastrophic events, the economy and changes in reinsurance capacity have the greatest impact on the availability and pricing of specialty lines coverage in 2009, according to professionals in the surplus lines...
Hiscox Opens Miami Office
May 21 2009 // Hiscox, an international specialist insurer, opened an office in Miami in an effort to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve as an on the...
Every Agency Can Measure and Maximize Its Performance
May 18 2009 // Clear Roles, Documentation, Communication Among Lessons Shared By Consultants for High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively...
Workers’ Compensation Group Trusts: E&O Friend or Foe?
May 18 2009 // Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of...
USG Insurance Offers Miscellaneous Errors & Omissions Program
May 13 2009 // Florida-based national broker USG Insurance Services announced an in-house binding authority program for Miscellaneous Errors & Omissions products. Coverage will be offered on a claims made basis. Targeted classes...
Medical Liability Claims-Made Policies
Apr 20 2009 // Challenges to the Notice Requirement Medical malpractice liability insurance policies, like most professional liability insurance policies, are typically “claims-made” policies. While there are variations,...
Medical Liability Policies Are Typically Claims-Made
Apr 20 2009 // Retroactive Period Serves to Limit Liability Period Medical malpractice liability insurance policies, like most professional liability policies, are typically “claims-made” policies. Claims-made policies...
People
Apr 20 2009 // Thoits Insurance of San Jose, Calif., promoted Paul Saich to CEO. Saich replaces Don Way, who had been with Thoits for 44 years, and will remain as chairman of the board. Saich joined Thoits Insurance in 1996 and most...
Don’t Cheap Out on the Training
Apr 20 2009 // And Other Lessons from High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all,...
Finding Solutions for Emerging E&O Risks
Apr 20 2009 // Excess and Surplus Lines Market Offers a Place For Challenging Risks Since all service providers face the potential of law suits related to real or perceived “errors and omissions,” E&O coverage has become...
New Property Managers Errors and Omissions Insurance Program Announced by New Empire Group
Apr 16 2009 // A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group...
Aon, Zurich Target Technology Risks for Middle Market Firms
Apr 15 2009 // Insurance broker Aon Corp. has introduced a suite of insurance products designed to bring middle market technology companies the coverage enhancements historically only available to large corporate clients. Known as Aon...
