From natural disaster impacts to special relationship exposures, discover the trends shaping the E&O landscape and the risk management strategies agencies are implementing to protect their assets. Based on insights from nearly 200 agency owners nationwide, this comprehensive report provides essential guidance for navigating today’s complex E&O market.

Download the full report to access:

• Latest premium trends and renewal predictions
• Top risk management steps agencies are taking
• Key challenges in the current hard market
• Critical E&O claims trends to watch
• Expert insights on jury trials and settlement strategies

The post Don’t Risk the Agency: Agency E&O Report 2024 appeared first on ¾ÅÉ« Research.

Sign up now to watch on demand!

What you will learn:

• Key factors to keep in mind when buying or renewing agency E&O coverage
• Best practices to manage the most common and emerging E&O exposures
• Best tips for managing E&O risk in a changing workforce

Ìý• • • Meet the Expert Panel • • •

Host: Andrea Wells VP, Content ¾ÅÉ«		Brad Schreck National Claims Manager at PCF Insurance Services
Beth Whitney Head of Agents US at Swiss Re Corporate Solutions		Brent Winans VP at Clear Advantage Risk Management

The post Latest Developments in Agency Errors and Omissions appeared first on ¾ÅÉ« Research.

Watch Now On Demand!

What You’ll Learn:

• What to consider with cyber risk and agency E&O
• Best practices to manage the most common and emerging E&O exposures agencies face
• Policies and procedures: best tips for managing E&O risk in a remote work/hybrid world

Meet the Panel:

Andrea Wells (Host)
Vice President of Content
¾ÅÉ«

Erika Nelson – Erika Nelson is a vice president and manager in the North American Claims Group of Allied World. Erika is responsible for managing the Allied World Cyber Claims Team, and also handles a variety of E&O claims with a focus on high exposure cyber matters. In addition, Erika handles high exposure insurance agent and broker claims and insurance company bad faith claims. Prior to joining Allied World, Erika practiced law at two Connecticut law firms. She graduated with a B.A in Economics from Drew University in Madison, NJ and obtained her J.D. from the University of Miami in Coral Gables, Florida, where she was a member of the International and Comparative Law Review.

Colleen M. Murphy – As a leader of Goldberg Segalla’s insurance regulatory team, Colleen M. Murphy taps into her deep insurance regulatory experience to successfully handle domestic and international insurance and reinsurance regulatory issues and transactions. Her practice includes representing insurers, insurance agents and brokers, excess and surplus lines brokers, third party administrators, and independent adjusters in insurance regulatory and licensing matters as well as consumer complaints in state insurance departments, and in E&O litigation nationwide. Colleen has represented hundreds of agents and brokers in complex matters, and brings a keen understanding of their business concerns, the regulatory climate, errors and omissions risks, and the contractual agreements and relationships with their carriers and insureds.

Disclaimer (Allied World): This material is provided as a resource for informational purposes only. It is not intended as, nor does it constitute, legal, technical or other professional advice or recommendations. Consult your professional advisors or legal counsel for guidance on issues specific to you.

The post How Remote Work, Catastrophes & Cyber Risk Challenge Agency E&O appeared first on ¾ÅÉ« Research.

Our vision is to provide a platform for markets to quickly share information like carrier info, geographic availability, limits, and other details. It allows them to stand out in a crowded marketplace.

In the market guide booklet, you’ll find market details, as well as interesting facts you may want to share with your clients. You may even find a new E&O market for your own agency here! We hope you find this guide to be a useful resource for placement of your professional liability accounts.

The post Guide to Professional Liability Markets 2022 appeared first on ¾ÅÉ« Research.

Download this insightful survey now!

The post 2021 E&O Survey Report: Surfing for the Next Agency E&O Claims Wave appeared first on ¾ÅÉ« Research.

Errors & omissions claims against agencies related to the COVID-19 pandemic have not materialized as feared a year ago. Overall, E&O claims against agencies actually dropped in 2020.Ìý That’s basically good news for agency owners. But what’s next for the agency E&O market? This webinar will explore current trends and exposures agencies face and what litigation trends to keep an eye on going into 2022.

What You’ll Learn:

• Common E&O exposures and new trends
• Best practices to manage the risk
• COVID-19 and beyond in agency E&O

Hosted by Andrea Wells, Editor in Chief, ¾ÅÉ«

Meet Our Panel:

Lisa Doherty is the founder, and CEO of Business Risk Partners (BRP), a specialty insurance underwriter and program administrator based in Winsor, Connecticut.

Peter J. Biging is a partner in the New York office of Goldberg Segalla. He is an accomplished trial and appellate attorney with more than 30 years of experience as a litigator in the state and federal courts of New York.

The post What’s New in Agency E&O? appeared first on ¾ÅÉ« Research.

In this report, ¾ÅÉ«’s editor, Andrea Wells, recaps the insights shared during her panel discussion with Chris Burand, Elizabeth Whitney and Brent Winans, as they shared their perspectives on the agency E&O insurance market, E&O risks for independent agencies, trends, and steps agents can take to
lower their risks.

Download this paper for these great insights, or watch the entire webinar here.

Meet the panelists:

Chris Burand, President and Owner of Burand & Associates LLC

Elizabeth Whitney, Heads up the US Agents team at Swiss Re Corporate Solutions

Brent Winans, vice president of Clear Advantage Risk Management

The post What You Should Know About Agency E&O appeared first on ¾ÅÉ« Research.

Agency errors and omissions coverage is a critical part of an agency’s insurance program. Finding the right coverage requires understanding today’s agency E&O insurance market. Agencies also need to honor and update their best practices in order to prevent E&O claims. The best coverage and a best practices program are more important than ever in this time of COVID-19, natural disasters, rising litigation, tough competition, uncertain carrier relations and high customer expectations.

What You’ll Learn:

• Current state of the agency E&O market
• E&O exposures and best practices to manage the risk
• How COVID-19 will impact agency E&O

Hosted By:

Andrea Wells, Editor-in-Chief, ¾ÅÉ«

Panelists:

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Women who are top leaders or producers in property/casualty insurance agencies on average make less than men, according to the results. While females make up almost half of all agency employees (48.3 percent) responding in this survey, overall, the results found they earn considerable less than male agency employees. Even when comparing the same job, such as commercial lines manager where respondents to the survey were equally men and women, men out-earned their female counterparts by 70 percent on average ($126,529 to $74,239), according to the survey.

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“Being an expert or specialist potentially raises an agent’s level of legal liability.”

Download this award-winning article by Andrea Wells, that includes survey results and 50 Vulnerable E&O Dangers that agencies and their agents desperately need to be aware of.

The post E&O Dangers For Agents, Plus Exclusive Agency E&O Survey Results appeared first on ¾ÅÉ« Research.

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