Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Insurance Agents, Adjusters Vulnerable to Lawsuits Even When They’re not to Blame
Jun 6 2011 // Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into...
4 Things Agents Should Do to Avoid E&O Claims
Jun 6 2011 // After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets “caught in the middle” of a dispute between the policy holder and the insured. Often,...
Hiscox Launches Small Business Coverage in Ariz., Calif., N.Y.
Jun 2 2011 // Hiscox has introduced their business owners policy (BOP) offering in Arizona, California and New York, with coverage in additional states planned for later this year. The business owner’s insurance package (BOP)...
Best Practices Quality Management – Part I
Jun 1 2011 // I have spent several months discussing how to define, train and implement, standards, procedures and workflows. Early in this series of posts one commenter on this blog asked me what was the value in going through this...
General Star Launches Insurance Agents, Brokers E&O Program Through All Risks
May 20 2011 // General Star Management Co. has launched an insurance agents and brokers E&O program, which will be offered through the National Specialty Programs unit of All Risks, Ltd., located Hunt Valley, MD. All Risks will be...
Group Study: Largest Hedge Funds Buy More, Pay Less for Lawsuit Protection
May 19 2011 // Large hedge funds with over $10 billion in assets under management (AUM) typically purchase $40 million or more in professional liability insurance coverage, nearly 200% more than medium funds between $1 billion and $3...
Lexington to Insure Alternative Energy Tax Credits
May 18 2011 // Lexington Insurance Co., a Chartis company, has introduced ITC Energy – 48SM, its energy investment tax credit insurance program, which consists of ITC Energy-48SM Mobile Property Insurance and ITC Energy-48 SM...
Travelers Enhances Coverage for Educational Institutions
May 17 2011 // Travelers has launched its Excess Educators Legal Liability (ELL) through its IndustryEdge product for educational institutions. Travelers integrated its umbrella coverage for both casualty and ELL offerings under a single...
Insurance Agents, Adjusters Vulnerable to Lawsuits Even When They’re not to Blame
May 16 2011 // Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into...
Insurance Agents, Adjusters Vulnerable to Lawsuits Even When They’re not to Blame
May 16 2011 // Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into...
How to Prevent E&O Lawsuits for Black Swan Risks
May 16 2011 // The timeless maxim- “think globally, act locally” – coined in 1915 by social activist Patrick Geddes, underscores the vital importance for insurance agents to really think through the scope of their...
E&O Insights: Are Customers Properly Protected for Business Interruption
May 9 2011 // While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption coverage, the issue here is not whether they have the coverage, but whether they are...
The Nap Defense
May 2 2011 // Have you ever had your attention wander during a client presentation, forgotten to recommend a coverage, left an account folder at a restaurant, or fallen asleep at the wheel on the way to a meeting? Those might be the...
E&O Insights: Exposures to Watch for When Insuring the Local Neighborhood Tavern Risk
May 2 2011 // While many towns might not have a hardware store or a dry cleaner, chances are there is a neighborhood tavern. It is estimated there are more than 50,000 bars in the United States. In fact, many of these taverns have been...
People
May 2 2011 // Dallas-based insurance brokerage firm Roach Howard Smith & Barton (RHSB) appointed Tom A. Hughston as its new CEO. Hughston, previously the company’s executive vice president, is an established leader in the...
E&O for Agents – A Necessity Even if Mistakes Don’t Happen
May 2 2011 // Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s...
Markel Programs, Burns & Wilcox Partner to Offer Real Estate E&O Program
Apr 28 2011 // Markel has partnered with Burns & Wilcox to offer a Real Estate Errors & Omissions program to a range of residential and commercial real estate industry accounts. This Markel Programs/Burns & Wilcox product...
People
Apr 18 2011 // American International Group Inc. (AIG) reorganized Chartis, its global property/casualty business, and named a new management team. Among the changes was a new CEO, Peter D. Hancock, currently AIG executive vice president...
Health Care Market’s Explosive Growth Offers Agents New Professional Liability Opportunities
Apr 18 2011 // The world of professional liability can be a foreign place for many agents and brokers alike. The policies vary from carrier to carrier so no universal form is used as the standard insuring agreement. Terminology such as:...
E&O Insights: Are Your Customers Properly Protected for Business Interruption?
Apr 18 2011 // While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption coverage, the issue here is not whether they have the coverage, but whether they are...
