Latest Professional Liability Headlines
All the headlines from our Professional Liability Topic Page, ordered by recency.
People
Mar 23 2009 // Kate Westover, vice president of Alternative Risk Financing at Innovative Captive Strategies, has received the 2009 Distinguished Service Award from the Captive Insurance Companies Association (CICA). Based in Colchester,...
HOT Prospects Come in Unusual Packages
Mar 23 2009 // MyNewMarkets.com’s Top 10 Oddest Market Searches and Requests A “hot” risk from an agent’s view is the one sitting on his or her desk demanding immediate attention. Sometimes those hot prospects...
Professional Liability Insurance Enhances Real Estate E&O Program
Mar 19 2009 // Professional Liability Insurance Services Inc. Underwriting Facilities, (PLIS) has added some new features to its real estate errors and omissions product for small to medium agencies with insurable limits up to $1 million...
Aspen Names Villers to Head Financial and Professional Lines Unit
Mar 17 2009 // Bermuda-based Aspen Insurance Holdings Limited announced that it has appointed Rupert Villers, effective April 27, 2009 as head of its newly combined Financial and Professional Lines Insurance business segment. He will be...
Everest Names Herman to Head New Specialty Group
Mar 11 2009 // The Bermuda-based Everest Re Group has appointed Mark Herman as President of its newly-created Everest Specialty Underwriters, effective immediately. The new division is based in New York and “will focus its...
People
Mar 9 2009 // Jeff Grace has been named president of IMA of Wichita, officials for The IMA Financial Group Inc. announced. Grace joined IMA in 1997 in business development, focusing on the construction practice, and was promoted to...
People
Mar 9 2009 // Seacrest Partners Inc., a Savannah, Georgia-based insurance brokerage and employee benefits consulting firm, has named J. Cliff McCurry as vice chairman. McCurry will oversee business development activities for the...
People
Mar 9 2009 // Russell R. Oliver, president of Texas Mutual Insurance Co. since 1995, is retiring from the company at the end of August 2009. Oliver notified the Board of Directors in January of his decision to retire this summer. Two...
Securities Lawsuit Filings Are Up, So What About D&O Pricing?
Mar 9 2009 // The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over the 172 securities lawsuits...
People
Feb 22 2009 // Andrew Fotopulos has joined Starkweather & Shepley Insurance Brokerage Inc. in Providence, Rhode Island as senior vice president. Fotopulos will lead the brokerage’s financial institutional practice. He will...
Herbert H. Landy Agency Offers New Real Estate E&O Program
Feb 13 2009 // The Herbert H. Landy Insurance Agency based in Needham, Mass., introduced the Real Estate Express Application, an errors and omissions insurance product for independent real estate agents and brokers, real estate firms and...
Zurich Taps Gow to Head Specialty E&O Unit
Feb 13 2009 // Brad Gow joined Zurich North America to head the Specialty Errors & Omissions (E&O) group of its Specialties business unit. In this role, Gow will head a nationwide team in delivering professional liability...
New York Fines Zurich $250K over Veterinarians E&O Rates
Feb 10 2009 // Zurich American Insurance Co. has paid a $250,000 fine to the state of New York for charging unfiled rates on its errors and omissions policy for veterinarians, according to state regulators. The New York Insurance...
Senior Market Sales, CalSurance Offer Discounted E&O for Insurance Agents
Feb 9 2009 // Senior Market Sales, Inc. has partnered with CalSurance (Brown and Brown of California, Inc.) to offer errors and omissions insurance at discounted rates for life and health insurance agents who do business with Senior...
How to Avoid Agency Errors and Omissions Claims
Feb 8 2009 // Advising Clients on Specific Dollar Values of Coverages They Need to Consider May Create Unnecessary Exposures There have been an increasing number of lawsuits brought against agents in situations where the...
Insurers’ Stocks Down 14%; Middle Market Carriers Active in Intermediary Acquisitions
Feb 8 2009 // Stock Price: Commercial lines stocks mirrored those of major indices in 2008, trading down 14 percent. Mergers & Acquisitions: Middle market carriers continue to be major players in the acquisition market as they look...
American E&S Insurance Offers Professional Liability Program
Feb 3 2009 // San Francisco-based American E&S Insurance Brokers has introduced AESPro, a nationwide professional liability program for architects and engineers, technology media, and miscellaneous professional liability risks....
Venture Introduces New Professional, Management Liability Unit
Feb 2 2009 // Venture Insurance Programs has introduced ProWriters, a new management and professional liabilities unit that works directly with appointed agencies to find the best coverage and risk management solutions for financial...
Don’t Cheap Out on the Training
Jan 25 2009 // And Other Lessons from High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all,...
Madoff Scandal to Cost Insurers $1.8 Billion, Aon Benfield Estimates
Jan 25 2009 // While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely...
