Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Milliman: Repeal of Med-Mal Caps Will Hike Claim Costs in Illinois
Feb 22 2010 // Consulting and actuarial firm Milliman Inc. says a study it conducted in response to the Illinois Supreme Court’s overturn of caps on non-economic damages in medical liability cases will increase overall claim...
Medical Malpractice Excluded from Health Insurers’ Antitrust Legislation
Feb 22 2010 // Free-standing legislation introduced by Reps. Betsy Markey of Colorado and Thomas Perriello of Virginia to amend the McCarran-Ferguson Act for health insurers no longer includes text to remove the limited antitrust...
Liberty Mutual Sues 9 Employees, Aspen for Alleged Plot to Steal Business
Feb 21 2010 // Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its...
Risks in a Bad Economy
Feb 21 2010 // Agents Take Note of New Errors and Omissions Exposures The current economic turmoil is wreaking havoc across the board. Businesses are downsizing or going out of business. Families are suffering from lost jobs and...
Schinnerer Reduces Real Estate E&O Rates, Expands Coverage in California
Feb 19 2010 // Victor O. Schinnerer & Co., Inc. will decrease rates and expand coverage in the state of California for its real estate errors and omissions program. Beginning April 1, 2010, the following rating changes take effect:...
Lee & Mason Increases Limits on Insurance Agents’ Professional Liability
Feb 19 2010 // Lee & Mason Financial Services, Inc. has increased its limits for insurance agents’ errors and omissions coverage from $5 million to $10 million. Insurance agents E&O coverage, with limits of up to $10...
Zurich Enhances E&O Coverage to Address Increasing Technology Risks
Feb 12 2010 // Zurich has introduced Zurich Pro Plus, an enhanced Errors & Omissions (E&O) coverage to address the needs of a range of business professionals, including consultants, and media and information technology...
Dos and Don’ts of Errors and Omissions Lawsuits
Feb 7 2010 // How to Respond and React When Threatened With an E&O Suit Ask any agent who has suffered through an errors and omissions (E&O) suit, and he or she will provide sage-like insight into the professional and even...
Liberty Mutual Sues 9 Employees, Aspen for Alleged Plot to Steal Business
Feb 5 2010 // Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its...
Ohio: Average Payout Per Medical Professional Liability Claim Is $252.5K
Feb 3 2010 // In its fourth annual Ohio Medical Professional Liability Closed Claim Report the Ohio Insurance Department shows a total of 3,080 medical professional liability claims were closed in 2008. The amount of compensation paid...
Liberty International Underwriters Restructures Specialty Casualty Unit
Jan 28 2010 // Liberty International Underwriters (LIU), a division of Liberty Mutual Group, restructured its U.S. Specialty Casualty unit. The following organizational changes are effective immediately: Carl Pursiano has been named...
Socius Insurance Names Zimmerman VP in Miami
Jan 26 2010 // Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, has appointed Cynthia A. Zimmerman as vice president in its Miami office. She is charged with new...
Lexington Introduces Professional Liability Coverage for Carbon Registries
Jan 6 2010 // Lexington Insurance Co., a Chartis company, introduced CarbonCover Registry, a professional liability coverage for carbon registries. CarbonCover Registry is the first offering in Lexington’s new CarbonCover suite of...
BRP Launches Tech General Liability, Errors & Omissions Coverage
Dec 11 2009 // Business Risk Partners (BRP), based in Windsor, Conn., now offers general liability (GL) coverage to technology firms that purchase errors and omissions (E&O) policies. Coverage is underwritten by Lloyds of...
Protective Specialty Announces New Professional Liability Division
Dec 8 2009 // Indianapolis, Ind.-based Protective Specialty has created a new Professional Liability Division, which joins the company’s portfolio of nationwide products by offering Miscellaneous Professional Liability. A...
New NIP Program Targets Funeral Homes Nationwide
Dec 8 2009 // NIP Programs, a division of NIP Group, Inc., has a new specialty insurance program designed to serve the funeral industry nationwide. The new program is called FuneralPro and covers property, business autos like limos and...
Top 7 High-Growth Industries and Their Unique Insurance Needs
Dec 6 2009 // According to the U.S. Bureau of Labor Statistics, the seven fastest growing industries between now and 2016 are: Management, Scientific and Technical Consulting Services; Individual and Family Services; Home Health Care...
Marsh Launches Lottery and Gambling E&O Coverage
Nov 25 2009 // Marsh’s London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and gaming (gambling) organizations. The new product, created by Marsh’s...
Beazley Launches Two Environmental Insurance Products
Nov 17 2009 // The Connecticut-based Beazley Group announced the launch of its first two environmental insurance products “to meet the evolving needs of the environmental services industry.” The Company, a subsidiary of the...
People
Nov 15 2009 // Maryland-based insurance and risk management firm HMS Insurance Associates Inc. has made several executive-level promotions. Nancey Bohlen has been promoted to chief financial officer and vice president of operations. She...
