Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
National Ethics Association Expands E&O Program for Low-Risk P&C Agents
Mar 28 2012 // A new program sponsored by the National Ethics Association provides low-cost E&O insurance to property & casualty insurance agents nationwide. Issued by Everest National Insurance Co. and administered by Marsh U.S....
Beazley Launches Healthcare Regulatory E&O Policy
Mar 26 2012 // Beazley Group has introduced a new healthcare regulatory liability policy to protect policyholders against errors & omissions claims brought by or on behalf of governmental entities. Uniquely, the policy also responds...
2012 Hot Markets: Healthcare Remains a Healthy Market
Mar 19 2012 // This article is part of our Hot Insurance Markets for 2012 special feature. Healthcare is one of the country’s largest industries. Annual spending on healthcare in the U.S. tops $2.6 trillion, more than 16 percent of...
E&O Insights: What to Consider When Buying or Selling an Agency
Mar 19 2012 // There is a tremendous amount of mergers and acquisitions activity going on in our industry. Every day, insurance news providers report on insurance acquisitions. The big agencies are not only getting bigger, they seem to...
25 Years in Agency Management
Mar 19 2012 // Today’s Market Demands Greater Efficiencies, Operational Management and Discipline I have been working with agency owners in one capacity or another for 25 years. During this quarter-century, some aspects of agency...
PPIB Introduces Professional Lines Program
Mar 7 2012 // Professional Program Insurance Brokerage (PPIB) has launched a nationwide program with coverage for employment practices liability, directors and officers and fiduciary risks. The product, backed by a carrier rated...
Protective Specialty Launches E&O Products for Insurance Agents
Mar 6 2012 // Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will cater to life insurance agents, and the other will be tailored to property/casualty...
Conn.-based Wholesaler S.H. Smith & Co. Announces Promotions
Feb 27 2012 // S.H. Smith & Co. Inc., a wholesaler and managing general agent headquartered in Hartford, Conn., announced three promotions. Jeanine Loomis has been promoted to vice president. Loomis works in the St. Paul, Minn.,...
Professional Underwriting Group Provides Insolvency Carve Back
Feb 22 2012 // The Professional Underwriting Group, Inc. (PUG) will now provide insurance agents and brokers professional liability insurance for insurers earning a rating of “A” or better from Demotech. The insurance...
Allied World U.S. Creates Mergers & Acquisitions Division
Feb 21 2012 // Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York...
Five Star Healthcare Adds Managed Care Coverage
Feb 17 2012 // Five Star Healthcare, a division of Crump Insurance Services, has added an insurance facility to provide coverage for managed care service providers. The product consists of a single-policy solution providing multiple...
Brownyard Launches Pest Control E&O Coverage
Feb 17 2012 // Brownyard Group has introduced errors and omissions (E&O) coverage for its PCOpro pest control program. The new coverage provides protection against claims seeking monetary damages due to negligence. The program...
XL and Hays Affinity Launch Dental Professional Liability Program
Feb 16 2012 // XL Group plc’s Select Professional insurance underwriting unit and Hays Affinity Solutions have teamed up to offer professional liability insurance for dentists nationwide. “This coverage provides dentists with...
Liberty International Underwriters Launches Cyber Liability Products
Feb 9 2012 // Agents and brokers have three new options for technology risks from Liberty International Underwriters (LIU). The specialty lines division of Liberty Mutual Insurance has started offering a trio of new primary cyber...
Ground Shifting for Medical Liability Insurers: Moody’s
Feb 6 2012 // Although it comprises just over 2 percent of annual direct premiums for the U.S. property/casualty insurance industry, the medical professional liability (MPL) insurance business is integral to the U.S. healthcare system,...
E&O Insights: Use Caution When Moving a Customer From a Claims-Made to an Occurrence Form
Feb 6 2012 // From time to time, an account is moved from one form of insurance to another. The scenario could involve moving from a claims-made form to an occurrence form, or vice versa. Other scenarios could involve moving from a...
Proactive Risk Management of Intellectual Property: Crucial to the Insurance Professional’s E&O
Feb 6 2012 // Now more than ever, the insurance professional’s ability to create a proactive risk management plan for clients is crucial to success. Insurance professionals handle many types of insurance policies. In fact,...
Public Entity Insurance Isn’t Road Salt Or Fill Dirt
Feb 6 2012 // What to Consider When Evaluating Public Entity Insurance Programs During the winter I was traveling in the snowy Northeast calling on agents. Between appointments, I passed a local hardware store that prominently displayed...
Big “I” and Swiss Re Launch E&O Web Resource
Jan 31 2012 // The Independent Agents & Brokers of America (IIABA) Big “I” Professional Liability Program and Swiss Re Corporate Solutions have launched a new risk management website. The “E&O Happens”...
Chubb Says Commercial Renewal Rates Rose 6% in Q4, Up From 4% in Q3
Jan 30 2012 // Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in...
