agent e&o News

State of Insurance Agency E&O Insurance Market: Managing Rates and Risks

Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices are followed to prevent E&O claims is …

How to Help Clients with Disaster Claims and Avoid Agency E&O Claims

In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20 years, and Dan Britto, professional liability attorney with the law …

Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program

Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …

Mackey Named President of IIAT Services Co.

IIAT Services Co., a subsidiary of the Independent Insurance Agents of Texas (IIAT), has hired Jerry Mackey as its president. IIAT Services Co. provides services and products for IIAT members’ E&O, market and operational needs through the IIAT Advantage brand. …

Homeowners not the Only Line of Coverage Affected by Texas Weather

It’s well known that Texas has some of the highest homeowners premiums in the nation — in large part due to the state’s vulnerability to violent weather. It may be less known that Texas has some of the highest insurance …

Minn. Supreme Court Rules Against Agent in Negligent Procurement Case

An insurance agent in Minnesota lost an appeal asking to the state Supreme Court to dismiss a case against him over “negligent procurement of insurance coverage.” Robert M. Swendra with the Robert M. Swendra Agency Inc. representing American Family Insurance …