Errors and Omissions News

Darwin Professional Underwriters Reports Net Income Up 87% in Q1

Farmington, Conn.-based Darwin Professional Underwriters, Inc. reported that net income increased 87 percent to $5.2 million for the first quarter of 2007, while gross premiums rose 24 percent to $74 million during the same period. Highlights for the quarter ending …

Darwin Adds Managed Care E&O Risk Management Program

Darwin Professional Underwriters Inc. has established a comprehensive risk management and loss control program for its managed care errors and omissions (E&O) liability policyholders at no additional cost. The services offered through Darwin’s risk management program are designed to complement …

California Surplus Line Premiums Top $6 Billion

The Surplus Line Association of California (SLA) has released its analysis of annual filed premium, which indicates that $6.02 billion in California surplus line insurance premiums were processed in calendar year 2006. The figure represents 509,302 policies written, said Ted …

PGU Introduces New Professional Liability Policies for Public and Educational Entities

Richmond, Virginia – Professional Governmental Underwriters, Inc. (PGU) today announces the introduction of new, enhanced public entity errors and omissions (E&O) liability insurance products, with policies designed for Public Officials Professional and Employment Practices Liability, Educators Professional and Employment Practices …

Best Affirms All Hiscox Ratings

A.M. Best Co. announced that it has affirmed all of its applicable ratings on Hiscox and its separate operating entities, following the move of its corporate domicile to Bermuda from the UK. Best gave the following information on the ratings …

Insurer Warns Some Cyber Policies Leave Gaps in Coverage

Security breaches are becoming more frequent as businesses increasingly rely on technology to store and transfer assets and sensitive information, such as customer names and credit card numbers. With each security breach, there is the risk that a lawsuit or …

Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports

Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key finding from an …

Darwin Expands Data Security Coverage for Health Care Firms

Specialty insurance underwriter Darwin Professional Underwriters, Inc., is expanding its Tech//404 liability product for health care organizations in response to increasing exposure to network security and data privacy losses. According to Darwin, Tech//404 for health care organizations is the first …

UK’s Oxygen Creates D&O Team

London-based Oxygen Insurance Brokers, the Lloyd’s broking operation of Oxygen Holdings Plc, announced the creation of a new management risk practice (known in the U.S. as directors and officers liability – D&O) to focus on commercial and financial institutional clients. …

London American Professional Liability introduces a new Real Estate Agents & Brokers E&O Program

Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL), a Program Administrator and MGA, introduces a new program for Real Estate Agents and Brokers Errors and Omissions. The program is being offered in most states and is underwritten …