Latest Errors Omissions Headlines
All the headlines from our Errors Omissions Topic Page, ordered by recency.
People
Mar 9 2009 // Russell R. Oliver, president of Texas Mutual Insurance Co. since 1995, is retiring from the company at the end of August 2009. Oliver notified the Board of Directors in January of his decision to retire this summer. Two...
Securities Lawsuit Filings Are Up, So What About D&O Pricing?
Mar 9 2009 // The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over the 172 securities lawsuits...
Herbert H. Landy Agency Offers New Real Estate E&O Program
Feb 13 2009 // The Herbert H. Landy Insurance Agency based in Needham, Mass., introduced the Real Estate Express Application, an errors and omissions insurance product for independent real estate agents and brokers, real estate firms and...
Zurich Taps Gow to Head Specialty E&O Unit
Feb 13 2009 // Brad Gow joined Zurich North America to head the Specialty Errors & Omissions (E&O) group of its Specialties business unit. In this role, Gow will head a nationwide team in delivering professional liability...
New York Fines Zurich $250K over Veterinarians E&O Rates
Feb 10 2009 // Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators. The New York Insurance...
Senior Market Sales, CalSurance Offer Discounted E&O for Insurance Agents
Feb 9 2009 // Senior Market Sales, Inc. has partnered with CalSurance (Brown and Brown of California, Inc.) to offer errors and omissions insurance at discounted rates for life and health insurance agents who do business with Senior...
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...
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,...
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...
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...
IES Offers Errors & Omissions Package Policy for Technology Professionals
Dec 8 2008 // Indemnity Excess & Surplus Agency of Beaverton, Ore., is offering a product that combines professional liability and general liability into one policy for technology service providers. The single policy includes...
Marsh Warns EU Companies of E&O Risks from Chemical Regulations
Dec 5 2008 // Marsh’s London office has issued a warning that companies that use chemical substances in the European Union (EU) could risk insurance implications “associated with their failure to adhere to the EU’s...
Agencies Shopping for Lowest E&O Rates Could Be Adding to Their Risk
Nov 16 2008 // No Agency Is Worth Sacrificing for the Cost of a Cafe Latte Each Day Independent insurance agents may be shopping their errors and omissions insurance coverage to seek the best rates. But what they are giving up in the...
Survey: Agents Report Rise in Agency E&O Premiums
Nov 5 2008 // A near majority of agents and brokers responding to the 2008 Insurance Journal Agency E&O Survey said they experienced increases in their agency’s errors and omissions premium this year. Some 44.1 percent of...
A Winning E&O Defensive Strategy: How Agents Can Block Claims
Nov 4 2008 // In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk...
Joe and Jo, Intrepid Agents
Nov 2 2008 // First there was GI Joe, then Joe the plumber. Now, though, there’s Insurance Agent Joe, or Josephine (Jo), if you prefer. Participating in the exclusive 2008 Insurance Journal Agency E&O Survey, Joe and Jo had a...
Avoiding Errors in Your Agency’s E&O
Nov 2 2008 // Is the Savings Worth Sacrificing Your Business? There have been significant changes in the insurance marketplace recently, as prices are down and carrier competition is fierce. Independent insurance agents may be shopping...
Joe and Jo, Intrepid Agents
Nov 2 2008 // First there was GI Joe, then Joe the plumber. Now, though, there’s Insurance Agent Joe, or Josephine (Jo), if you prefer. Participating in the exclusive 2008 Insurance Journal Agency E&O Survey, Joe and Jo had a...
Agents Joe and Jo on AIG and E&O
Nov 2 2008 // The federal government’s recent bail out of American International Group Inc. (AIG) via a $122 billion-plus loan to keep the company afloat set the insurance industry on edge. AIG’s insurance entities are...
