Professional/Management/Employers Liability News

WKFC Launches Miscellaneous Professional Liability Program

Ryan Specialty Group’s WKFC has launched a miscellaneous professional liability program with the Chubb Group of Insurance Cos. (Chubb). The miscellaneous professional program is available for more than 100 classes of business that are not covered by traditional coverage. The …

Fireman’s Fund Names Dipasupil Vice President

Novato, Calif.-based Fireman’s Fund Insurance Co. named Jay Dipasupil vice president of professional liability. Dipasupil will lead Fireman’s Fund’s professional liability business, and will be responsible for managing the professional liability line of business, specifically professional services and healthcare. Dipasupil …

Allied World Launches Admitted Lawyers Professional Liability Product

Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with coverage up to the full policy limit for no additional premium. …

RSC Opens Professional Practices Group in California

Risk Strategies Co., a national insurance and benefits brokerage and risk management firm based in Boston, launched a new professional practices group concentrated in California. The group specializes in providing professional liability and errors and omissions insurance, property/casualty insurance solutions …

CFC Enhances Management Liability Policy

Specialist lines underwriting agency CFC Underwriting has upgraded its management liability policy, ExecSurance ML. ExecSurance ML is a management liability policy designed specifically for the needs of the modern day small- and medium-sized businesses.  Brokers and their clients can pick …

Law Firms See Rise in Malpractice Claim Frequency, Severity

Multi-million dollar payouts for legal malpractice claims are climbing, and so are the total number of claims for law firms, in general. A new study by insurance broker Ames & Gough found that most leading legal malpractice insurers reported more …

The Hartford Enhances Small, Midsize Business Management Liability Coverage

The Hartford has enhanced its private company management liability offerings with Private Choice Ovation, a package policy with updated and expanded coverage options designed to address emerging exposures facing business owners and management teams today. “As small and midsize business …

Medical Liability Market Profitable But Deteriorating Results Expected: Fitch

The medical professional liability insurance (MPLI) market was one of the most profitable lines of business in the United States for the past five years, according to a new report. MPLI posted an average calendar year combined ratio of 87 …

E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product

If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …

Dewey & LeBoeuf Ex-Chairman Agrees to Proposed $500,000 Settlement to Resolve Claims

The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey’s trustee and insurer to resolve claims that bad management led to the law firm’s demise, according to …