Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
B&B Protector Plans, Aspen US Partner for Lawyers Professional Liability
Sep 25 2013 // B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the Lawyer’s Protector Plan (LPP). The program will offer lawyers professional...
ProAssurance Backing New Lloyd’s Syndicate
Sep 25 2013 // Birmingham, Alabama-based medical liability insurer ProAssurance Corp. will be the majority capital provider to the proposed new Syndicate 1729 at Lloyd’s of London. Its planned inception date is January 1, 2014. The...
Burand’s Agency E&O Blog: Tip #47
Sep 25 2013 // Policy Change Requests Can Only Be Made if Requesting Party Has Authority/Insurable Interest. Many years ago when I first entered the industry, I remember an experienced underwriter telling the story of an angry ex-wife...
ProAssurance to Acquire Workers’ Comp Insurer Eastern Holdings
Sep 24 2013 // Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers’ compensation insurer Eastern Insurance Holdings Inc. in an all-cash transaction that values Eastern at $24.50 per...
E&O Insights: Mother Nature’s Effect on E&O Claims
Sep 23 2013 // It seems that practically every time you turn on the news, a part of the United States is being threatened by a significant weather-related event. It’s sometimes anyone’s guess when and where the next...
Allied World Launches Admitted Lawyers Professional Liability Product
Sep 19 2013 // Allied World U.S. has launched a new admitted lawyers professional liability product: Allied World LPL Assure. LPL Assure includes provisions specifically addressing privacy and network security wrongful acts, with...
Burand’s Agency E&O Blog: Tip #46
Sep 18 2013 // The Value of a Name. Applications are called applications and quote sheets are called quote sheets for good reasons. A quote sheet is only supposed to be for quoting and even then, it is a conditional quote. It is...
Hudson, C&F Shift D&O and E&O Business
Sep 17 2013 // Hudson Insurance Group and Crum & Forster, both owned by Fairfax Financial Holdings Ltd., announced a strategic realignment of their directors and officers (D&O) and management liability business. C&F will...
Berkshire Hathaway Specialty Names VP of Claims, Executive & Professional Lines
Sep 12 2013 // Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — continues to boost its team roster. This week it announced the appointment of Todd Greeley as...
Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses
Sep 11 2013 // Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. The cyber crime coverage option provides additional protection against growing...
Burand’s Agency E&O Blog: Tip #45
Sep 11 2013 // Loss Control Results Usually Require Disclosure. An agency that uses non-carrier loss control services, regardless of whether it is a third-party firm or an agency’s in-house loss control service, almost always has...
Burand’s Agency E&O Blog: Tip #44
Sep 5 2013 // Producers Not Having Adequate Knowledge of their Clients’ Industry. An agency can have all the right procedures and even follow all the right procedures and still not mitigate one of their biggest E&O exposures:...
Burand’s Agency E&O Blog: Tip #43
Aug 30 2013 // Offering Cyber Liability. Almost without exception all businesses need cyber liability coverage today and yet relatively few have this vital coverage. The exposures can be significant both from an E&O perspective and a...
Risk Management Services Launches Group E&O Plan for Life, Health Agents
Aug 30 2013 // Risk Management Services (RMS) has established a group errors & omissions insurance plan for life and health insurance agents in partnership with Gotham Insurance Co. Applications must be submitted via the...
Burand’s Agency E&O Blog: Tip #42
Aug 28 2013 // Policies Subject to Audit. Audits are one of the few E&O exposures agencies have that do not involve a claim. A good method for protecting the agency from audit related E&O claims is to disclose what policies are...
QBE North America to Launch D&O Line, Names Grange As Leader
Aug 23 2013 // Jeffrey S. Grange has been appointed head of Management Liability and Professional Lines for QBE North America, which plans to launch a directors and officers (D&O) liability division. Grange has 25 years experience in...
E&O Insights: Producers Play a Significant Role in E&O
Aug 19 2013 // When reviewing errors and omissions (E&O) statistics, it is often alleged that producers cause the issue in more than half of these claims. However, because a producer is alleged to have made the “error or...
Information Technology and Risk Complexity
Aug 19 2013 // In today’s legal environment, nearly every company faces some kind of litigation risk. With the growing ubiquity of technology in not just the corporate market, but the consumer marketplace as well, the risk for...
Berkshire Hathaway Specialty Insurance Hires 2 Execs From Zurich, The Hartford
Aug 16 2013 // Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — announced on Thursday the appointments of Leo Carroll as senior vice president, healthcare...
The Hartford Broadens Professional Liability Offerings for Tech Companies
Aug 9 2013 // The Hartford has enhanced its FailSafe suite of professional liability offerings to address the evolving needs of technology companies with expanded coverage for data, systems and networks. “Professional liability is...
