Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
A Winning E&O Defensive Strategy
Nov 2 2008 // How Agents Block Claims 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....
Quality Counts!
Nov 2 2008 // How to Keep Problems From Turning Into Claims We have all had experiences in our lives where we look back and realize our very life was almost extinguished. If not for the difference of a few seconds or inches this column...
More E&O Coverage for a Reasonable Price Suits the Average ‘Joe and Jo’
Nov 2 2008 // Joe the “insurance agent” wants a reasonably priced errors and omissions insurance policy for his independent agency that covers all the business activities his operation engages in, whether they are revenue...
How Independent Agencies Reduce E&O Exposure
Nov 2 2008 // 40 Risk Management Steps Independent Agents Implemented to Lower Their Risk The exclusive 2008 Insurance Journal Agency E&O Survey asked independent agents what risk management steps their agency has implemented to...
2008 Insurance Journal Agency E&O Survey at a Glance
Nov 2 2008 // The 2008 Insurance Journal Agency E&O Survey, conducted Oct. 3 through Oct. 16, drew 1,042 respondents from 50 states; there were no respondents from the District of Columbia. The five states with the highest...
ProLawyer Insurance, LLC Announces New MGA Appointment for an Admitted Lawyers Professional Liability Product
Oct 22 2008 // Newtown, PA – ProLawyer Insurance, LLC is pleased to announce its Managing General Agent appointment with ProAssurance Group companies. ProAssurance Group is rated “A-” (Excellent) by A.M. Best and...
Medical Professional Liability Insurer Drops Rates by 6.2% in Texas
Oct 17 2008 // Medical professional liability insurer Medical Protective announced a 6.2 percent average rate decrease for physicians in Texas, effective Jan. 1, 2009. The rate change represents the sixth rate reduction for the insurer...
Alabama-based ProAssurance Expands Legal Professional Liability Business
Oct 16 2008 // ProAssurance Corp., headquartered in Birmingham, Ala., is expanding its legal professional liability business by purchasing the Georgia Lawyers Insurance Co. ProAssurance is also establishing new relationships with...
California Agents Alliance Offers Errors & Omissions Program
Oct 10 2008 // The Alliance of Insurance Agents & Brokers is offering a new errors and omissions program for its members. The program offers rates as low as $1,500 per year, broad coverage and various options through the American...
Bermuda’s Argo Buys lllinois-Based Professional Liability Manager Insight
Sep 30 2008 // Bermuda’s Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has acquired privately held Insight Insurance...
Lack of Technology Can Raise Agency E&O Concerns
Sep 22 2008 // The use of technology is interwoven into agency procedures and practices, says Sabrena Sally, senior vice president of commercial insurance with Westport Insurance Corp., a subsidiary of Swiss Re and one of the largest...
People
Sep 22 2008 // Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. He will provide supervisory governance of the Americas businesses and also will oversee and direct regulatory and public affairs for all of Swiss...
Professional Liability Risk Management and Insurance Consultancy, CRMC, Opens Its Doors
Sep 15 2008 // Construction Risk Management Consultants LLC (CRMC) a unique, highly specialized insurance and risk management consultancy with expertise in the design and implementation of professional liability risk management programs...
Allied World Names D’Orazio Chief Underwriter; Bell Operating and Admin.
Sep 11 2008 // Allied World Assurance Company Holdings has announced two senior management promotions. Frank D’Orazio has been named Chief Underwriting Officer of Allied World Assurance Company, its Bermuda insurance subsidiary,...
People
Sep 1 2008 // Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a...
Darwin to Buy Great American’s Lawyers Professional Liability Business
Aug 26 2008 // Farmington, Connecticut-based Darwin Professional Underwriters, Inc. reports it will acquire renewal rights to Great American’ Insurance Co.’s roughly $20 million of small, standard market lawyers professional...
Cindy Downs
Aug 21 2008 // Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a...
Responding to an Insurance Department Request for Assistance
Aug 21 2008 // providing [the Department of Insurance] a well-crafted response. Receiving a letter from the California Department of Insurance concerning a customer’s complaint is truly an unsettling experience for many agents. The...
Soft Market Hammers Commercial Carriers’ Stocks; M&As Active in Personal Lines Sector
Aug 21 2008 // Stock Prices: The soft market continues to have an effect on insurers’ stock prices. With the inability of insurers to grow in the current market, commercial insurers’ stocks are still falling, down 18 percent...
New MPL Endorsements Create Opportunities for Agents
Aug 21 2008 // Miscellaneous Professional Liability Classes • Advertising agencies • Answering services • Audio/visual consultants • Business/management consultants • Communications/media/public...
