Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
E&O Insights: Nothing Standard About Professional Liability
Dec 1 2010 // Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one standard company will look similar...
Medical Liability Market Faces Challenges from Health Care Changes
Nov 29 2010 // The medical professional liability insurance industry faces new challenges from both health reform and increased competition. A new industry study by Conning Research & Consulting claims that both health care reform...
The Time is Not Right to Drop Real Estate Professionals E&O
Nov 29 2010 // The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not consider dropping their errors and...
Mangold Named to Professional Liability Leadership Team at Markel
Nov 19 2010 // Markel Corp. has appointed Glen Mangold as managing director for its architects and engineers, agents and brokers, and lawyers product lines. He will be based in Deerfield, Ill., and will report to Gerry Albanese Mangold...
How an E&O Claim Could Affect Agency Employee’s Career
Nov 18 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
Rockwood Reduces Premiums for Its Life Agent E&O Product
Nov 17 2010 // Rockwood Reduces Premiums for Its Life Agent E&O Product Rockwood Programs, Inc. has implemented premium reductions of about 20 percent for its life agent’s errors and omissions (E&O). More significant...
Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs
Nov 14 2010 // New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing...
Growth, Stability and Changes in Store for Long Term Care Market
Nov 14 2010 // With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require...
Willis’ FINEX Appoints D&O, Professional Liability Lawyer as Director
Nov 10 2010 // Willis Group Holdings announced that it has appointed Francis Kean, “one of the UK’s leading directors & officers and professional liability lawyers, as an Executive Director in FINEX Global, the insurance...
Liberty Adds Manufacturers’ E&O Endorsement to Product Recall Policy
Nov 8 2010 // Normally sold as a stand-alone professional liability policy, the new manufacturers’ errors and omissions (ME&O) endorsement from Liberty International Underwriters (LIU) marks the first time this coverage can be...
Why Now Is a Good Time for Agency Network Growth
Nov 5 2010 // They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few...
The Hanover Expands Technology Capabilities to 125 Classes
Nov 3 2010 // The Hanover Insurance Group, Inc. has expanded its technology capabilities, adding a suite of solutions for over 125 classes of technology businesses. The new coverages build on the company’s small commercial...
ABI Comments on Report on Lawyers Professional Liability Coverage
Nov 2 2010 // The Association of British Insurers has welcomed the publication of an independent report on the need for changes to the solicitors’ (attorneys’*) professional indemnity insurance market. The ABI noted that the...
What Agents Can Do
Nov 1 2010 // Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written...
E&O for Agents – A Necessity Even if Mistakes Don’t Happen
Nov 1 2010 // 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...
Reducing E&O Exposures: What Agents Need to Know
Nov 1 2010 // Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly...
What Agents Can Do
Nov 1 2010 // Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written...
What Agents Can Do
Nov 1 2010 // Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written...
People
Nov 1 2010 // Aubie W. Knight has assumed the role of chief executive officer of the Independent Insurance Agents of Georgia (IIAG). Knight has been with IIAG since 1996. During his tenure, he has been responsible for most of...
Reducing E&O Exposures: What Agents Need to Know
Nov 1 2010 // Certificates of Insurance, Data Breaches, Unfamiliar Markets Among Exposures for Agents Insurance agents who fail to keep up with changing legislation, regulations, policies and forms are opening themselves up to costly...
