Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
E.L.M.’s Mortgage Banker/Broker Program to Include E&O
Dec 5 2002 // E.L.M. Insurance Brokers Inc., a specialist in professional liability, has tailored a new, comprehensive program for mortgage bankers and mortgage brokers that includes errors & omissions and financial institution...
Calif. Court of Appeals Overturns E&O Decision
Dec 3 2002 // In a significant victory for insurance agents and brokers, the Ninth Circuit Court of Appeals has overturned a lower court decision that had permitted an E&O insurer to deny coverage to an insurance broker by...
Real Estate Agents & Mortgage Brokers E&O
Dec 2 2002 // Nuts & Bolts: Dwyer & Associates Insurance Services Inc. is offering a program for real estate agents & mortgage brokers E&O. Endorsements—Mold exclusion, owned property exclusion. Dollars: Policy...
NAMICO Comments on Best’s Rating Upgrade
Nov 28 2002 // The NAMIC Insurance Company (NAMICO), which is also based in Indiana, seems to be doing considerably better than Conseco. A.M. Best recently upgraded the mutual insurer’s financial strength rating to ‘A’...
Converium Gives Details on Reserves, Plans to Raise $200 Million
Nov 19 2002 // Swiss-based Converium Group announced details of the $70.3 million in additional reserves it expects to fund for Converium North America during the fourth quarter. It also plans to raise an additional $200 million through...
Panelists Try to Break Down Mold Issue in E&O
Nov 13 2002 // Orlando, Fla. – A panel on architects & engineers E&O looked at the ramifications of one of the latest issues to impact that segment of the insurance industry – mold – during the second day of...
PLUS President Sees Organization Continue to Grow
Nov 11 2002 // Insurance Journal senior writer Dave Thomas recently interviewed Michelle Duffett, president of the Professional Liability Underwriting Society (PLUS) and owner of Illinois -based Insight Insurance Services. Duffett is the...
Dramatic Market Change Hits Professional Liability
Nov 11 2002 // For most law firms, 2002 and 2003 will be challenging years in respect to securing professional liability insurance. The “new market” is similar to that of the mid-’80s and has caused consolidation of...
PLUS President Sees Organization Continue to Grow
Nov 11 2002 // Insurance Journal senior writer Dave Thomas recently interviewed Michelle Duffett, president of the Professional Liability Underwriting Society (PLUS) and owner of Illinois-based Insight Insurance Services. Duffett is the...
GE Employers Re Agrees to Sell Accountants’ E&O
Oct 21 2002 // GE Employers Reinsurance Corporation (GE ERC) has finalized an agreement to sell the renewal rights on its accountants’ Errors & Omissions business underwritten by its Westport Insurance Corporation to...
FPIC Elects White as President of Subsidiary
Oct 16 2002 // FPIC Insurance Group Inc. of Jacksonville, Fla. announced that Robert E. White, Jr. was elected president of company subsidiary First Professionals Insurance Company Inc. The appointment is effective November 1,...
Errors and Omission
Sep 30 2002 // Nuts & Bolts: Tsuneishi Insurance Agency has available a program for agent’s errors and omission insurance. Available on appointment only basis. Dollars: Policy limits of $1,000,000, higher limits available....
Real Estate E&O
Sep 30 2002 // Nuts & Bolts: Victor O. Schinnerer announced added coverages for its CNA/Schinnerer Realty Choice program, which provides errors and omissions coverage for independently owned and operated firms in residential sales,...
Misc. and Lawyers E&O
Sep 30 2002 // Nuts & Bolts: Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group Inc., is adding miscellaneous and lawyers’ professional liability to its financial insurance...
Colo. Division Publishes 2002 Workers’ Comp, Employers Liability Guide
Sep 27 2002 // The Colorado Division of Insurance has published the 2002 Workers’ Compensation and Employers Liability Insurance guide, a survey of workers’ compensation and employers liability insurance loss cost multipliers...
BB&T’s CRC to Acquire Piedmont Brokerage Services
Sep 19 2002 // CRC Insurance Services Inc., based in Winston-Salem, N.C. and the wholesale insurance subsidiary of Branch Banking and Trust Company, announced plans to buy professional liability specialist Piedmont Brokerage Services LLC...
MarketScout Posts E.L.M. Brokers as E&O “Best of Class”
Sep 13 2002 // MarketScout, a Dallas Texas-based insurance exchange specializing in the distribution of property and casualty insurance products, announced E.L.M. Insurance Brokers Inc., a specialist in Miscellaneous Errors &...
N.J. Department Approves NIP’s Plan to Form a New Medical Professional Liability Exchange
Sep 12 2002 // The New Jersey Department of Banking and Insurance has approved National Insurance Programs’ (NIP) plan to form the Conventus Inter-Insurance Exchange, a physician owned and governed medical professional liability...
Wachovia to Purchase Assets of E-Risk Services to Expand Offerings
Sep 10 2002 // North Carolina-based Wachovia Corporation has reached a definitive agreement to acquire certain assets of E-Risk Services, LLC. Based in New Jersey, E-Risk Services is a Managing General Agency (MGA) providing management...
Besieged by Cyber Liability’
Sep 2 2002 // Web sites, online services, e-mail and software programs have created vast new industries whose clients demand that insurance coverage is in place prior to awarding contracts. Aside from creating new business...
