Specialty Insurance Blog
This blawg has "news & commentary on specialty insurance, risk management & private equity—with an emphasis on professional liability and entrepreneurship."
Author: Tennant Risk Services is a wholesale underwriting manager and broker specializing in professional liability insurance in all states.
Blawg Related Categories: Insurance Law
Recent Posts from Specialty Insurance Blog
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EPL & the Recession
Current high unemployment is increasing employment exposure for small and medium sized businesses, and increasing the need for employment practices liability (EPL) insurance. EPL insurance covers claims for wrongful hiring and termination, sexual harassment, and…
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AM Best E&S Insurance Review
AM Best has released the 2009 review of the excess & surplus lines (E&S) insurance market (see here, PW protected?), called 2009 Special Report, U.S. Surplus Lines – Market Review. The annual review is conducted…
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Insurance Predictions
Dr. Robert P. Hartwig, CPCU, President of the Insurance Information Institute (I.I.I.), provided some insights into the economy and the insurance industry at the recent NAPSLO annual meeting. See his slides here, and a National…
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Captive Insurance Premium Deductibility
Ensuring that the IRS treats an insurer as an insurer for tax purposes is critically important for captive insurance companies. This may sound simple, but it can get complicated in certain captive situations. A captive…
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Insurance Myths
Do you have clients that believe that reporting a claim to their insurer should be avoided if it is not serious? As we all know, this is just not the case. This is one of…
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Insurance Agents E&O Claim Trigger
We came across an article on insurance agents E&O (errors & omissions, or professional liability) with some misleading information. The article, which unfortunately is not available on the web, states that receipt of a subpoena…
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Insurance Competition Remains
Discussions on the potential for a hardening insurance market have pointed to cat property as one area that is leading the way to a tighter insurance market, with increasing pricing. Following our prior post (see…
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Hard or Soft Market?
As we pointed out in prior posts (see here, & here on D&O), the insurance market continues its competitive ways – no hardening in sight. Despite deteriorating industry results, the market will not tighten until…
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Mortgage Brokers E&O
Because underwriters have expected claims against mortgage brokers from the real estate crisis, the mortgage brokers professional liability (E&O) insurance market has tightened. While pricing has not changed as dramatically as you would expect, terms…
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Accountant Claims Rising
Public D&O (directors & officers) insurance claims are on the rise, but the impact on other professional liability insurance lines is not clear. We can speculate about the rise in frequency and the impact of…