Back to Basics – What is Spoliation in Insurance Claims?
The Oxford Dictionary defines spoliation as “the act of ruining, destroying or spoiling something,” according to. In short, it means that something that should be kept is lost, destroyed, or…
Professional Liability
Comments On the Third Circuit Sustains D&O Policy’s Condition Precedent to Coverage, No Coverage for the Policyholder
A recent court finding on a D&O policy’s condition precedent to payment by the excess carrier bodes poorly for agents and insureds. Read on for more details on this court…
Back to Basics: What is Product Recall Coverage?
Manufacturers both large and small position their products into the consumer market, whether food, supplies, or equipment. Normally, rigorous testing helps to ensure the product is safe. However, end users…
Should an Agency Purchase E&O Coverage from One of Its Carriers?
Agencies have many options available for the placement of their E&O coverage. For some agencies, one of the options is purchasing E&O coverage directly from one of their appointed carriers.…
Should an Agency Purchase E&O Coverage from One of Its Carriers?
Agencies have many options available for the placement of their E&O coverage. For some agencies, one of the options is purchasing E&O coverage directly from one of their appointed carriers.…
Are Your Private-Sector Clients Aware of their Directors and Officers Liability Exposures?
Many experienced business owners are unaware of their need for a Directors & Officers (D&O) liability policy. According to a white paper on this issue developed by Gallagher, a Chubb…
Nuclear Verdict in Healthcare Will Raise Concerns for Healthcare Insurers
A missed healthcare diagnosis resulted in a whopping $111 million verdict in Minnesota, according to a recent Burns & Wilcox article. Read on to learn more.
Condo Cases of Crime and D&O Defects
Cases of criminal embezzlement within community associations are undeniable, and the crimes range in boldness and severity. Any D&O policy defects can leave your condominium clients uninsured.
Executive Liability: Current Trends in D&O Liability and Insurance
Learn the current claims trends in D&O liability, where it’s headed, trends in future claims, and the important D&O insurance coverage and policy wording issues.
ISO’s Professional Liability Forms
Effective June 1, 2017, Insurance Services Office (ISO) introduced the new Miscellaneous Professional Liability Policy (MI 00 01) along with a multitude of endorsements. This is the first in a…
