Melville, New York-based managing general agency WKF&C Agency Inc. said it has added several new enhancements to its professional liability portfolio that all are underwritten by certain underwriters at Lloyds of London. The enhancements include: excess liability of up to …
Travelers said it has introduced a new, modular professional liability product, 1st Choice+, geared toward accounting, design, legal and real estate professionals. The product offers errors and omissions coverage in one comprehensive policy that can be tailored to include: — …
Allied World Assurance Co. Holdings, Ltd., which closed on its acquisition of Darwin Professional Underwriters in October, reported a net loss of $46.4 million for the third quarter ending Sept. 30, 2008 compared to net income of $109.0 million for …
A near majority of agents and brokers responding to the 2008 Insurance Journal Agency E&O Survey said they experienced increases in their agency’s errors and omissions premium this year. Some 44.1 percent of agents responding to the survey reported their …
In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk management practices, that can give …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best also upgraded the ICR to “bbb” …
Swiss Re’s Commercial Insurance group has introduced Errors and Omissions (E&O) agency umbrella coverage in all 50 states and the District of Columbia. “The insurance policy offering was developed in conjunction with the Independent Insurance Agents & Brokers of America …
Buying insurance is a critical part of being in business for a small company, but it’s often either overlooked or given short shrift. In the process, owners can leave their businesses vulnerable to huge payouts for something as mundane as …
New York-based Mutual Marine Office Inc. said it has acquired from Excel Underwriters Alliance Inc. a book of professional liability insurance covering insurance agents, brokers and related professionals. Excel is an underwriter specializing in errors and omissions insurance. Its founder, …
New York, NY- March 20, 2008: Pacific Underwriters announced that it has partnered with Darwin Professional Underwriters to place management liability insurance for private company and not-for-profit risks utilizing Darwin’s (i-bind)® technology system. Pacific Underwriters will offer directors and officers …