Sapiens International Corporation’s investment in its CoreSuite for Medical Professional Liability underscores a commitment to growth and innovation by enhancing insurers’ capabilities with advanced software solutions, driving digital transformation to improve operational efficiency, risk assessment, and customer satisfaction in the medical professional liability insurance sector.
Tag: professional liability
Best’s Special Report: Insurers’ Defense-Related Loss Costs Rising for Lines of Business Most Susceptible to Litigation
Defense and cost containment (DCC) expenses for certain lines of property/casualty insurance business are elevated compared with other lines; in particular, medical professional liability and product liability, according to a new AM Best report. DCC expenses include defense, litigation and medical cost containment—essentially, the cost of settling a claim. The Best’s Special Report, “Defense-Related Loss… Continue reading Best’s Special Report: Insurers’ Defense-Related Loss Costs Rising for Lines of Business Most Susceptible to Litigation
Everest Insurance® Launches Architects and Engineers Professional Liability Policy
Everest Insurance® announced today the release of their new Everest Elevation® Architects and Engineers Professional Liability Policy, providing design professionals with professional, pollution and cyber liability coverage. Everest Elevation® was developed to address the intricate and unique coverage needs of architectural, design, engineering and construction firms, by offering a variety of coverage enhancements and expense… Continue reading Everest Insurance® Launches Architects and Engineers Professional Liability Policy
Worldwide Facilities Brings on John Curry as Senior Vice President
Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that John Curry has joined the company as Senior Vice President in the New York, NY office location. John’s recent experience includes a role as Vice President running a Casualty team with a focus on Construction risks specializing in… Continue reading Worldwide Facilities Brings on John Curry as Senior Vice President
Worldwide Facilities Brings on Brad Foote as Senior Vice President
Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that Brad Foote has joined the company as a Senior Vice President. Brad will lead Worldwide Facilities’ new Denver, CO office. He has more than 14 years of experience in the wholesale insurance industry and brings expertise in Professional,… Continue reading Worldwide Facilities Brings on Brad Foote as Senior Vice President
Victor O. Schinnerer & Company Expands Market-Leading Architects and Engineers Program
Victor O. Schinnerer & Company, a Victor company and a leading underwriting manager of specialty insurance, announced today an expansion of its market-leading professional liability insurance program for architects and engineers (A&E). Brokers can now procure up to $35 million in coverage on behalf of qualified and eligible A&E clients with more than $10 million… Continue reading Victor O. Schinnerer & Company Expands Market-Leading Architects and Engineers Program
Next Insurance Raises $250 Million from Munich Re
Reinsurance company Munich Re AG has invested $250 million in Next Insurance Inc. in a funding round that valued the small-business insurance provider at more than $1 billion. Munich Re was the sole investor in the Palo Alto, Calif.-based company’s Series C round. Next Insurance offers general liability, professional liability, workers’ compensation and other types… Continue reading Next Insurance Raises $250 Million from Munich Re
Next Insurance Launches Next for Agents
Next Insurance, the leading digital insurance company for businesses owners, today announced the launch of Next for Agents, enabling independent agents to quickly quote and sell Next Insurance policies – including general liability, professional liability and commercial auto insurance – through the company’s agent portal or through independent agent platforms. Next for Agents has been… Continue reading Next Insurance Launches Next for Agents
IronPro Introduces Two-Term Liability Policy Endorsement for Small Business Providers
IronPro, the professional liability unit of Ironshore, is introducing a two-term policy endorsement for its Miscellaneous Professional Liability (MPL) product for small business accounts. MPL policy endorsement will streamline underwriting to reduce the brokers’ administrative costs associated with small business accounts, defined herein as professional services providers with less than $5 million in annual revenues.… Continue reading IronPro Introduces Two-Term Liability Policy Endorsement for Small Business Providers
RSG Announces Agreement to Acquire Atlantic Specialty Lines, Inc
Ryan Specialty Group, LLC, is pleased to announce that it has reached an agreement to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately owned wholesale insurance brokerage. ASL is headquartered in Richmond, VA and has additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL team will… Continue reading RSG Announces Agreement to Acquire Atlantic Specialty Lines, Inc