Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings
Mar 27 2023 // Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for...
Markets/Coverages: Mosaic Adds Litigation Liability Cover to Professional Lines Offering
Mar 23 2023 // Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation...
People Moves: BHSI Promotes 3 in UK Exec & Professional Lines Team; Chubb Global Markets Taps AIG’s Collins as Head of Airline; bolttech Names Schädler CEO, Europe
Jan 6 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Chubb Global Markets and the insurtech bolttech. A summary of these new hires follows here. BHSI Promotes 3 Senior...
Beware the Hidden E&O Risks of Remote Work
Nov 21 2022 // Independent insurance agencies with a blended remote and in-person work environment are discovering errors and omissions (E&O) issues that were rarely seen when everyone was in the office. Whether it’s employees...
4 Important Aspects of Agency E&O Coverage
Nov 7 2022 // Errors and omissions (E&O) coverage is one of those topics that people have a love/hate relationship with. For the most part, professionals who need E&O cover like to know what coverage they have, when it covers...
Agency E&O Premiums Rise Again; 3 Years in a Row, More Agencies Report Paying More for E&O Coverage
Nov 7 2022 // Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey. Some 70.5% of respondents saw an increase in their agency E&O...
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Nov 1 2022 // This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines
Oct 26 2022 // Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for...
People Moves: NFP Hires Pelaez for Mgmt and Professional Liability in Canada; Miller Names AGCS’ Hooker as APAC Head of Energy; Liberty GTS Hires 3 for APAC Team
Oct 14 2022 // This edition of International People Moves details appointments at NFP, Miller and Liberty Global Transaction Solutions A summary of these new hires follows here. NFP Hires Pelaez for Management and Professional Liability...
Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API
Oct 4 2022 // Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies...
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows...
Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim
Jul 4 2022 // A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 20 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim
Jun 17 2022 // A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 14 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
11th Circuit: Safeco Doesn’t Owe in Subro Claim by Agency’s E&O Carrier
May 18 2022 // A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused...
Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
May 12 2022 // Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage...
RPS Signature Programs Launches New Real Estate Appraisers E&O Program with GenStar
Mar 28 2022 // Rolling Meadows, IL., March 28, 2022 – RPS Signature Programs, the program administration division of specialty insurance distributor Risk Placement Services, launches a new Real Estate Appraisers Errors & Omissions...
People Moves: Burns & Wilcox Adds 2 to Professional Liability Practice Group; J.M. Wilson Adds Struck
Mar 7 2022 // Burns & Wilcox Adds Tameka Livatino and Erin Pritchett to Professional Liability Practice Group Burns & Wilcox has named Tameka Livatinoas underwriting director of architects and engineers, based in Chicago. With...
People Moves: Applied Financial Lines Adds 3; Sandbox Ventures Welcomes Chamness
Mar 7 2022 // Applied Financial Lines Names Noble, Owen and Dau Nebraska-headquartered specialty insurer Applied Underwriters has expanded its Applied Financial Lines unit with several key appointments. Kim Noble has been named vice...
