Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
Burand’s Agency E&O Blog: Tip #57
Apr 23 2014 // Review Renewals. While my recommendation to review renewals might seem so simple that even mentioning it might seem like I’m scratching the bottom of the barrel, I am writing this recommendation because I am seeing...
IronHealth Increases Limits, Broadens Coverage for Healthcare Professional Liability
Apr 21 2014 // Bermuda-based IronHealth, the specialty healthcare unit of Ironshore Inc., has enhanced its Healthcare Professional Liability (HPL) insurance product, increasing limits to $50 million and broadening the scope of...
Why Agencies Need to Pay More Attention to Insurer Insolvency
Apr 10 2014 // A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities. To put it more simply, a number of companies, agencies, and other firms benefit if...
Century Risk Advisors Launches Professional Liability Division
Apr 7 2014 // Century Risk Advisors (CRA), an independent brokerage and risk management agency, has launched a new Professional Practice Division that will specialize in creating risk management and insurance programs for law firms,...
ACE Creates Global Cyber Risk Unit Headed by Merrill
Apr 7 2014 // ACE Group has created a Global Cyber Risk Practice to address growing risks as legislation and exposures for privacy and network security evolve around the world and customer demands for cyber risk insurance and risk...
E&O Insights: How Errors & Omissions Liability Policies Respond When Buying or Selling an Agency
Apr 7 2014 // It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications,...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Apr 7 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
Ironshore Canada, IronPro Division Appoint M&A Execs
Apr 1 2014 // Ironshore Canada Ltd. has announced the appointments of key executives within its Mergers & Acquisitions division and for IronPro, the professional and management liability unit of Ironshore Inc. Ironshore named Andrew...
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans
Mar 31 2014 // Berkshire Hathaway Specialty Insurance (BHSI), part of Omaha, Nebraska-based conglomerate holding company Berkshire Hathaway, has its eyes on overseas expansion, according to BHSI’s top executive. BHSI’s...
Burand’s Agency E&O Blog: Tip #56
Mar 27 2014 // Personal Lines Quote Sheets. In most agencies, CSRs base their personal lines quotes off the data gathered per their quote sheets. Two common problems exist using quote sheets. The first is many agencies’ quote...
Business Risk Partners, LIU Launch New E&O Policy Form for Agents, Brokers
Mar 26 2014 // Program administrator Business Risk Partners (BRP) has launched a new insurance agents and brokers professional liability form through Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance....
Burand’s Agency E&O Blog: Tip #55
Mar 24 2014 // Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers generally do not exist because the applicable standard is case and fact...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Endurance Insurance Enhances Network Security, Privacy Coverage
Mar 20 2014 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance Premier Professional product with Endurance Breach Assist, a network...
Markel Names Williams As Director of Medical Professional Liability
Mar 20 2014 // Markel Corp. announced that Troy Williams has joined the medical malpractice team as director of Medical Professional Liability. Williams is based in the Deerfield, Illinois office; his responsibilities are...
Lockton, Visiting Nurses Association Launch Professional Liability Program
Mar 18 2014 // The Visiting Nurse Associations of America (VNAA) and specialty broker Lockton Affinity have launched a new insurance program to protect nurses and Visiting Nurse Association member agencies. VNAA is sponsoring the...
Chicago-Based Schmitt Joins Worldwide Facilities to Professional Liability Team
Mar 18 2014 // Worldwide Facilities Inc. added William (Bill) Schmitt to its professional liability team. He will work out of Worldwide’s Chicago, Ill., office. Schmitt has 20 years of professional liability insurance experience,...
Veracity Insurance Expands Security Program to New York
Mar 13 2014 // Veracity Insurance Solutions, LLC has expanded its alarm and security program into New York State. The addition of New York completes the list of territories allowing Veracity to provide coverage to the alarm and security...
Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey
Mar 12 2014 // Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly...
The Upcoming Windows XP Apocalypse
Mar 10 2014 // The end of the world is coming. The world of Windows XP that is. A significant event is happening in the technology industry that will affect insurance agents. On April 8, 2014, Microsoft will no longer support Windows...
