Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
How to Avoid Agency Errors and Omissions Claims
Feb 8 2009 // Advising Clients on Specific Dollar Values of Coverages They Need to Consider May Create Unnecessary Exposures There have been an increasing number of lawsuits brought against agents in situations where the...
Insurers’ Stocks Down 14%; Middle Market Carriers Active in Intermediary Acquisitions
Feb 8 2009 // Stock Price: Commercial lines stocks mirrored those of major indices in 2008, trading down 14 percent. Mergers & Acquisitions: Middle market carriers continue to be major players in the acquisition market as they look...
American E&S Insurance Offers Professional Liability Program
Feb 3 2009 // San Francisco-based American E&S Insurance Brokers has introduced AESPro, a nationwide professional liability program for architects and engineers, technology media, and miscellaneous professional liability risks....
Venture Introduces New Professional, Management Liability Unit
Feb 2 2009 // Venture Insurance Programs has introduced ProWriters, a new management and professional liabilities unit that works directly with appointed agencies to find the best coverage and risk management solutions for financial...
Don’t Cheap Out on the Training
Jan 25 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,...
Madoff Scandal to Cost Insurers $1.8 Billion, Aon Benfield Estimates
Jan 25 2009 // While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely...
London’s Reach Bolsters U.S. Specialty Lines
Jan 25 2009 // Insurers Catlin, Beazley, Amlin, Hiscox and Newcomer Torus Find Their Niche in U.S. Market Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a...
Valiant Names Braden as Vice President
Jan 20 2009 // New York-based Valiant Insurance Group Inc. has named Brian Braden as vice president – professional liability. Braden most recently served as vice president of Navigators Pro, where he was responsible for development...
Madoff Scandal to Cost Insurers $1.8 Billion, Aon Benfield Says
Jan 15 2009 // While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely...
Allied World U.S. Opens New Offices in Western Region
Jan 15 2009 // Allied World Assurance Co. Holdings Ltd. announced the recent opening of two new Allied World U.S. offices in California, located in Costa Mesa and Los Angeles. These offices were opened to expand distribution of Allied...
Hiscox Names Whetstone to Global Markets E&O Operation in Chicago
Jan 14 2009 // International insurance insurer Hiscox has appointed Jim Whetstone as senior vice president for Global Errors and Omissions (E&O) in the Global Markets area. He is based in Hiscox’s Chicago office. In this...
Mass. Court: Professional Liability Policy Excludes Document Theft
Jan 11 2009 // A document management company that allowed a client’s sensitive documents to be taken is not covered by a professional liability policy with an intellectual property exclusion, the Massachusetts Supreme Judicial...
People
Jan 11 2009 // Markel Corp. has promoted Henry Lopez to executive vice president for the Markel Midwest region. Lopez has been with Markel since 1995 and most recently was the vice president, director of business development for...
People
Jan 11 2009 // Jacksonville, Fla.-based Harden & Associates has added Chris Huber as a Commercial Insurance account director. Harden & Associates also named Kathryn McKenna as a Personal Insurance account director. Prior to...
Estimating Insurance Losses From the Credit Crisis
Jan 11 2009 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis, estimating aggregate directors and officers (D&O), and errors and...
People
Jan 11 2009 // Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving...
Rockwood, Modern Insurance Create Errors & Omissions Firm
Jan 5 2009 // Rockwood Programs has partnered with Modern Insurance of Florida to establish a new subsidiary company named Modern Insurance Consultants, LLC that will focus on errors and omissions (E&O) insurance for insurance...
Lloyd’s Analyzes Madoff’s Impact on Professional Liability Coverage
Jan 2 2009 // The ripple effect from Bernard Madoff ‘s Ponzi scheme will inevitably flow across the Atlantic concludes an article on the Lloyd’s web site (www.lloyds.com). For many years Madoff’s fund paid high...
Top Markets in 2008
Dec 21 2008 // Top Coverages Searched by Agents Using www.mynewmarkets.com Property Workers’ compensation Builders’ risk Flood Homeowners’ coverages Professional liability Liquor liability Automobile in...
Hamlin Joins Burns & Wilcox as Professional Lines Broker
Dec 15 2008 // Farmington Hills, Mich.-based Burns & Wilcox announces that Christian T. Hamlin has joined the company as a professional lines broker. He is based in the company’s Los Angeles office. Hamlin has more than 10...
