Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Correction: Texas Insurance Professionals Honored by Utica National
Dec 17 2007 // Editor’s Note: The original version of this story incorrectly identified Mark Solomon, Jr. as being associated with All Auto Insurance Agency Inc. in Richardson and a TIP Board member. Mark Solomon, Jr. is head of...
Texas Insurance Professionals Honored by Utica National
Dec 13 2007 // Texas Insurance Professionals recently received the Outstanding Sales Achievement Award from the Utica National Insurance Group. Utica Special Programs Vice President/Director Curtis Pearsall praised Mark Solomon Jr., of...
Darwin Pro to Acquire Florida’s Agency Marketing Services
Nov 28 2007 // Darwin Professional Underwriters, Inc. has joined with the lawyers professional liability experts at Wolf Professional Risk in Tampa, Florida to acquire Agency Marketing Services, Inc. of St. Petersburg, Florida. The...
People
Nov 18 2007 // Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as chairman and CEO. Anthony J. Kuczinski, who is president of Munich Re America’s...
New Players Enter the E&O Market … But Some Agents May Not See Rates Decline
Nov 18 2007 // Despite a rosier outlook in the agents’ errors and omissions (E&O) insurance market compared with years past, many insurance agents still faced rate increases in their E&O coverage in 2007 and anticipate...
OneBeacon Technology Product Now Covers Data Privacy,Communications
Nov 13 2007 // OneBeacon Insurance Group has enhanced its professional liability coverages for information technology businesses. The company’s @vantage for Information Technology product now combines technology errors and...
Carpenter Moore Names Two to E&O Liability Practice
Nov 13 2007 // Carpenter Moore, a wholly-owned subsidiary of The Nasdaq Stock Market Inc., announced the addition of two broker-executives to its errors and omission liability practice. Ted Doolittle has been named managing director,...
Marquis Agency Acquires N.Y.-Based Lucas & Dake
Nov 12 2007 // The Marquis Agency of Woodbridge, N.J., acquired Lucas & Dake Co. Inc. of Rochester, N.Y. The new agency will be called Marquis Lucas Dake. Terms of the transaction were not disclosed. The Marquis Agency is a...
Hartford Expands Professional Liability to London; Best, S&P Rate New Unit
Nov 7 2007 // The Hartford Financial Services Group announced that it is expanding its existing international professional liability underwriting capabilities with the opening of a new office in London. Following the success of its U.S....
Ironshore Hires 3 Key Executives for Professional Liability Unit IronPro
Nov 7 2007 // Three industry executives, including two from AIG, have joined IronPro, the professional liability facility of Bermuda’s Ironshore, Inc. Tom Leahy joins as senior vice president of Underwriting and will manage the...
How to Beat the Soft Market Blues
Nov 4 2007 // The market for management liability coverages is soft. Premiums are down, which means revenues are down. Yet there still are tremendous opportunities for proactive agents and brokers to sell the coverages, according to...
Mapping out lawyers liability
Nov 4 2007 // Attorneys are singularly aware of liability exposures and the impact of litigation in modern society. Accordingly, attorneys are adroit and meticulous about the insurance coverage they purchase. Insurance must fulfill...
RLI Names Flynn Vice President, Miscellaneous Professional Liability
Oct 24 2007 // Peoria, Ill.-based RLI Corp. recently announced the addition of Brian Flynn as vice president, Miscellaneous Professional Liability (MPL) for its Executive Products Group (EPG). Flynn will be responsible for the...
Shand Morahan, AVRECO Launch New Program for Midwest Hospitals
Oct 18 2007 // Shand Morahan & Co., Inc. and AVRECO recently announced a partnership in a new risk management program aimed at Midwest hospitals. The Heartland Healthcare Hospital Program (3HP) offers Midwest community hospitals...
Gray-Stone & Co. Adds Professional Liability Market for Attorneys
Oct 16 2007 // Thousand Oaks, Calif.-based Gray-Stone & Co. has a market for lawyers’ professional liability. Coverage is available immediately for one to up to 150 attorneys in California and most states. The market is rated...
Marsh: UK Lawyers E&O Rates Drop
Oct 5 2007 // According to Marsh UK, the first of October renewal season “saw competition-driven reductions in professional indemnity insurance rates for solicitors’ [lawyers’] professional indemnity insurance for most...
G.J. Sullivan Name Milazzo Professional Lines Broker
Sep 28 2007 // G.J. Sullivan Co. E&S in San Diego has named Cathryn Milazzo a professional lines broker. Prior to joining G.J. Sullivan Co. E&S, Cathryn Milazzo was at DeWitt Stern Group of California, specializing in...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
The subprime mortgage mess and the professional liability insurance industry
Sep 24 2007 // According to the Bank of America, more than $1.3 trillion in adjustable rate mortgages — 70 percent of them subprime — will reset before the end of 2008. The collapse of the subprime mortgage lending industry...
Lawyers should not dismiss lawyers’ professional liability coverage
Sep 24 2007 // The perils facing employed lawyers have increased substantially in the past five years. Attorneys should know better than anyone about the perils that exist and the value of professional liability coverage. Yet there are a...
