The Kansas insurance commissioner will take supervisory control of a company that provides malpractice insurance to nearly 500 medical professionals in Missouri and Kansas. A Shawnee County judge last week placed Physicians Standard Insurance Company in rehabilitation mode with Kansas …
California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed to insolvency by the fire that sparked …
Agents’ errors and omissions (E&O) policies provide protection for agents for certain negligent acts committed in their professional capacity but may exclude coverage for liability related to an insurer’s insolvency. These “insolvency exclusions” typically exclude coverage if the agent places …