PLUS News

New Insurance Policy Protects Homebuyers’ Down Payment

Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …

PLUS Names Thompson as Executive Director

Robbie Thompson has been hired as the new executive director for Professional Liability Underwriting Society (PLUS). Thompson brings 18 years of management experience to PLUS, most recently as president and CEO of the Credit Union Association of the Dakotas in …

PLUS Conference: Global Risks, Governance and Hypocrisy

America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the Clinton Administration. Former Secretary of State Madeleine Albright said …

World Needs Insurance Industry to Be ‘Bold’ and ‘Sexy’ Now, PLUS Told

It’s time for the insurance industry to be “bold” and “sexy” in creating new insurance products and services to help the world deal with extreme risks that are becoming more common, according to a global authority on managing catastrophes and …

P/C Insurers Face Obstacles on Road to Hard Market

With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve better …

Atypical P/C Executive: Chartis CEO Hancock on Fear, Regulation, Science and More

The keynote speaker told the professional liability insurance underwriters that regulation is not the enemy of business growth, the plaintiffs’ bar is their ally, deleveraging of financial institutions is a good thing, financial firms have not learned the lessons of …

Insurers Eye Increased Risk of Public Entities in Era of Cutbacks

The climate of government cutbacks is forcing public entities to reduce expenditures while trying not to greatly increase their risk or jeopardize their immunity from lawsuits. Prison overcrowding is one particularly worrisome area. The situation is causing insurers to express …

Professional Liability Insurance Services Unveils Bed Bug Insurance

Professional Liability Insurance Services, Inc. – Underwriting Facilities, on June 1, launched business interruption and extra expense insurance coverage for bed bug infestations for lodging facilities. The firms says it is the first to introduce the coverage. Policy features include: …

Group Seeks More Young Professional Liability Specialists

The Professional Liability Underwriting Society (PLUS) has launched a program, Future PLUS initiative, it hopes will attract and educate the next generation of professional liability insurance specialists. The Future PLUS initiative includes a new membership level for professionals who are …