Latest Professional Liability Headlines

People

Nov 30 2008 // The Insurance Marketing and Communications Association (IMCA) named Richard Look as president. He is a marketing communications veteran with both agency and insurance company experience, and currently serves as vice...

Estimating the Credit Crisis Insurance Losses

Nov 30 2008 // On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and...

Nov 30 2008 // Peter Lauve, of Abilene, Texas, has been named president of Texas-based Insurors Group. As Insurors Group president, Lauve, also a partner with CBS Insurance located in Abilene, will lead a network of Texas agents that...

People

Nov 30 2008 // The Insurance Marketing and Communications Association (IMCA) named Richard Look as president. He is a marketing communications veteran with both agency and insurance company experience, and currently serves as vice...

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...

Green Building: New Benefits for Society and New Challenges for Risk Management

Nov 16 2008 // As society becomes more environmentally conscious, as energy prices continue to soar, and as government laws and regulations mandate it, green building promises to become the rule, rather than the exception, in the...

WKF&C Adds Professional Liability Enhancements

Nov 13 2008 // Melville, New York-based managing general agency WKF&C Agency Inc. said it has added several new enhancements to its professional liability portfolio that all are underwritten by certain underwriters at Lloyds of...

XL Insurance Names Allard to Lead Select Professional Group

Nov 13 2008 // XL Insurance, the global insurance operations of XL Capital Ltd., has named Donald R. Allard as leader of its Select Professional group. Allard is based in Dallas. Allard previously served as senior vice president,...

Travelers Launches New Professional Liability Coverage Program

Nov 12 2008 // Travelers said it has introduced a new, modular professional liability product, 1st Choice+, geared toward accounting, design, legal and real estate professionals. The product offers errors and omissions coverage in one...

Allied World $46 Million Q3 Net Loss; 9-Month Net Income $164 Million

Nov 10 2008 // Bermuda-based Allied World Assurance Company Holdings reported a net loss of $46.4 million, or $0.95 per diluted share, for the third quarter of 2008 compared to net income of $109.0 million, or $1.72 per diluted share,...

Professional Liability Underwriting Society Honors Two

Nov 10 2008 // The Professional Liability Underwriting Society (PLUS) honored Kevin M. LaCroix with its 2008 PLUS Founders Award and John J. Degnan, with its 2008 PLUS1 Award at the organization’s 21st Annual International...

Allied World Reports Q3 Loss

Nov 7 2008 // Allied World Assurance Co. Holdings, Ltd., which closed on its acquisition of Darwin Professional Underwriters in October, reported a net loss of $46.4 million for the third quarter ending Sept. 30, 2008 compared to net...

Medicus OK’d to Provide Medical Professional Liability Coverage in Ark.

Nov 5 2008 // Arkansas Insurance Commissioner Julie Benfield Bowman and Medicus Insurance Company Chairman Howard Lamb announced that Medicus Insurance Company has been approved to write medical professional liability insurance in...

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...

More Lawsuits, Firmer Prices on the Horizon for Executive Liability

Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a...