professional liability News

Malpractice Claims Frequency Holding Steady While Severity Increases

The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health Care Risk Management. …

Liability Claims Against Nurses Cost $20K Even When Insurer Wins

Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims that are dropped, defeated or dismissed end up costing more than $20,000, according to a report released Monday by CNA …

Aon: Mega Claims Driving Hardening of Hospital and Physician Liability Market

At first blush, it appears all is well within the hospital and physician professional liability market: For claims costing less than $2 million, severity is projected to increase 2% and frequency is expected to be flat, according to an analysis …

Ohio Medical Malpractice Claims Down

Medical malpractice claims in Ohio hit a new low in 2012, according to a new report. The annual Ohio Medical Professional Liability Closed Claim Report from the Ohio Department of Insurance showed 2,733 claims in 2012, the last year for …

Fireman’s Fund Announces Vice President of Professional Liability

Fireman’s Fund Insurance Company is pleased to announce the appointment of Jay Dipasupil as vice president of professional liability. With 27 years of insurance industry experience, Dipasupil will lead Fireman’s Fund’s professional liability business. He will be responsible for managing …

Professional Liability Rates to Increase in Coming Year: Survey

Expanding regulatory risks, rate increases and emerging exposures from social media highlight a myriad of current issues facing the management liability and professional lines market, according to a recent survey by global specialty insurer Torus. The survey findings indicate that …

$44M Paid in Nurse Practitioner Liability Claims Over Past 5 Years: Report

Nurse Services Organization, a division of Aon Affinity, and their insurance carrier CNA, have released a report containing an analysis of nurse practitioner malpractice claims and license protection defense claims over a five-year period. “The report helps nurse practitioners identify …

Allied World Europe Announces Enhancements to Professional Liability Products

Allied World Europe has enhanced its suite of professional liability products to include primary capabilities. The new offering, Allied World Secure(SM), consists of five distinct products which cover a broad range of primary and excess liabilities, including Allied World Secure …

ThinkRisk and OneBeacon Announce [in]FUSE – Insurance Agents & Brokers Professional Liability Protection

Chicago, IL, 04/27/12 – ThinkRisk Underwriting Agency, LLC and OneBeacon Professional Insurance join forces to announce the launch of a new Professional Liability Policy for Insurance Agents & Brokers. The product, [in]FUSESM, provides broad protection for emerging exposures faced by …

W.R. Berkley Forms Technology Operating Unit, Appoints President

Berkley Technology Underwriters, LLC will offer coverage worldwide to the technology marketplace, including property, casualty and professional liability on both an admitted and non-admitted basis, announced W. R. Berkley Corporation. Matthew A. Mueller has been named president of Berkley Technology …