Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Axis Adds Swiss Re, NAS and Hiscox Veterans to U.S. Cyber Insurance Team
Jul 14 2020 // Specialty insurer AXIS Insurance announced the hiring of three experienced underwriters to its U.S. Cyber and Technology team. Peter Smith will join AXIS as underwriting manager, while and Emma Werth and Jessica Currier...
Munich Re Specialty Releases MPL Policy for Non-Specialist Businesses
Jul 10 2020 // Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses. Miscellaneous professional liability (MPL) coverage provides liability and defense...
QBE NA Names Lessman Head of Professional Lines and Industry Verticals
Jul 8 2020 // QBE North America has Toria Lessman as senior vice president, head of Professional Lines and Industry Verticals. She is based in Chicago. Lessman had most recently been serving as head of Transactional Liability, one of...
The Next Wave of COVID: Agency E&O?
Jul 6 2020 // As many states keep watch for the “next wave” of COVID-19 infections, the insurance industry is keeping watch for the “next wave” of potential claims that could be directed at independent agents. In...
Do Police Officers Need to Buy Professional Liability?
Jul 6 2020 // Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this...
Do Police Officers Need to Buy Professional Liability?
Jun 24 2020 // I read an interesting article today on Insurance Journal (of course) about plans to reform law enforcement in Minneapolis. What interested me the most was that some groups were advocating making police officers carry...
Hiscox, Thimble to Offer Short-Term Business Insurance Plans
Jun 23 2020 // Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month. The partnership will allow Hiscox to give businesses flexibility,...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
Aon’s Seyfried Joins AXIS Cyber Insurance Leadership in U.S.
Jun 16 2020 // Specialty insurer AXIS Insurance reported it has hired Eric Seyfried as Head of Cyber U.S. Open Market. In this new role, Seyfried will help implement the U.S. strategy for AXIS Insurance’s global cyber and...
How COVID-19 Will Change Insurance Sales
Jun 15 2020 // An agent who is a client of mine asked me, “Do you really think any business owner is truly happy with their agent or insurance company today?” Good question. Having to tell the public over and over and over,...
The Hanover Enhances Accountants Professional Lines Product
Jun 3 2020 // The Hanover Insurance Group, Inc. has added enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering. Hanover Accountants Professional Advantage offers...
Aon Appoints Rieth as U.S. Practice Leader for E&O/Cyber Broking Team
Jun 1 2020 // Aon announced that Brent Rieth is the new U.S. Practice Leader of the Cyber Solutions Errors and Omissions/Cyber Broking team. Rieth first joined Aon in 2009 as team leader of the E&O/Cyber broking effort for...
The Facts About Supposed ‘Illegal Acts’ Exclusions
May 18 2020 // Is the Insurance Policy Affected if the Business Opens Against a Governor’s Orders: The Facts About Supposed “Illegal Acts” Exclusions States have gone to war against some municipalities over COVID-19....
Why Trust When You Should Know?
May 18 2020 // It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know? Also true, but rarely said is the following, “Often,...
Transparency Is Key for Insurance Agents Handling Coronavirus Claims
May 18 2020 // Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed...
CorRisk Solutions Hires DeFelice to Lead Its A&E Professional Liability Team
May 15 2020 // Melville, New York-based managing general underwriter CorRisk Solutions has hired Christine DeFelice to lead its architects and engineers (A&E) professional liability team. DeFelice is based in CorRisk’s New York...
Norman-Spencer Agency Acquires Assets of Intercorp, BNK Insurance Services
May 13 2020 // Norman-Spencer Agency LLC (Norman-Spencer), a Dayton, Ohio-based program administrator and wholesale brokerage, has acquired the business assets of Intercorp Inc. and BNK Insurance Services. Terms of the deals were not...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
Transparency Is Key for Insurance Agents Handling Coronavirus Claims
May 6 2020 // Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed...
