A federal judge has ruled that a wholesale insurance agent’s claim against a retail agent for allegedly misrepresenting the exposure of an insured regarding violations of the federal telemarketing law should proceed to trial. In a case with origins back …
Ask any agent who has suffered through an errors and omissions (E&O) suit and they will provide sage-like insight into the professional and even personal trials created by such an ordeal. Years ago I met an agent who, just four …
Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, their executives and employees. The policy provides coverage for claims arising from alleged errors or omissions in the …
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …
The Texas Board of Professional Engineers is investigating whether laws or rules regarding professional practices were broken over flaws that closed a $60 million high school football stadium. The state’s engineering board is reviewing work at the Allen Independent School …
Overland Park, Kan.-based SeaFire Insurance Services is seeking new agency partners in Oregon and Idaho for its auto dealer and repair insurance program. SeaFire will consider appointments for retail insurance agencies with scale, brand, resources and auto dealer expertise. Agents …
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 regulatory perspective. Therefore, consider offering all business …
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 subject to …
Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that these …
If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …
