Professional Liability Insurance News

Century Risk Advisors Launches Professional Liability Division

Century Risk Advisors (CRA), an independent brokerage and risk management agency, has launched a new Professional Practice Division that will specialize in creating risk management and insurance programs for law firms, accounting firms, and other professional practices.  The new division …

Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers

Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance. It’s the first major policy upgrade since 2008, when BRP and LIU …

Lockton, Visiting Nurses Association Launch Professional Liability Program

The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the professional liability insurance program to provide enhanced protection for …

Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey

Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage did see premium …

Great American Introduces Enhanced Coverage for Human, Social Service Groups

Great American Insurance Group has launched enhanced professional liability coverage for human and social service organizations. The coverage, offered through its Specialty Human Services Division, is designed to protect these organizations from lawsuits they may face for the professional services …

Protx Risk Management Launches Bancshield+ Portfolio for Community Banks

Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of professional liability products for U.S. community banks, including directors and officers liability, employment practices liability, fiduciary liability, bankers professional liability including …

Ironshore Canada Launches PL Coverage for Private Equity Risks

IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for Canadian-based private equity and venture capital firms to protect against portfolio investment risk exposures worldwide. IronPro’s private equity liability insurance policy is …

U.S. Risk Rebrands PL Division, Launches Program for Texas Lawyers

U.S. Risk Insurance Group, Inc., a nationwide managing general agency and surplus lines, has launched a new program for Texas lawyers’ professional liability through its U.S. Risk Pro division.  This admitted program, written on AmTrust Group insurance carrier paper, has …

Socius Insurance Services Hires Morman as Assistant VP in Chicago Area

Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Michael Morman as assistant vice president – property/casualty producer. Morman will be based in Elgin, Ill, in the Chicago area. A graduate of Olivet College in Olivet, …

After the Storm: Insurance Agents E&O Lessons Learned

More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a natural reflex for them …