Employment Practices Liability

NFP Welcomes Morgan Frick to Management and Professional Liability Practice

Retrieved on: 
Thursday, July 29, 2021
Public liability, Types of insurance, Law, Finance, Liability insurance, Common law, Equity, Fiduciary, Articles, Professional liability insurance, Employment Practices Liability, Insurance

Frick joins NFP following an 11-year tenure with Marsh, where she served as a senior vice president and financial and professional liability client advisor.

Key Points: 
  • Frick joins NFP following an 11-year tenure with Marsh, where she served as a senior vice president and financial and professional liability client advisor.
  • Her expertise includes employment practices liability, directors and officers, errors and omissions, fiduciary, cyber and crime insurance.
  • Frick will report to Kevin Smith, senior vice president of NFP's management and professional liability practice.
  • "She is a talented professional who brings new perspective and energy to our growing practice.

New Online Hub From Colonial Surety Offers Simple, Direct Access to Insurance for U.S. SMBs

Retrieved on: 
Wednesday, June 30, 2021
Professional services, Data management, Retail, Technology, Small business, Insurance, Insurance, Types of insurance, Finance, Public liability, Sureties, Liability insurance, Professional liability insurance, Cyber insurance, Employment Practices Liability, Legal liability, Tokio Marine HCC

As a direct and digital insurer, Colonial Surety has more than 90 years experience in providing insurance and bonding products.

Key Points: 
  • As a direct and digital insurer, Colonial Surety has more than 90 years experience in providing insurance and bonding products.
  • The new platform and expanded product suite create an online hub that gives owners and managers of small businesses instant, online and direct access via a personalized account.
  • The first products available on the platform are professional liability insurance, employment practices liability insurance, and cyber liability insurance which is embedded in all Colonial Surety products.
  • The Colonial Surety platform provides access to transparently and cost-effectively priced bonding and insurance products.

NFP Continues Growth of Management and Professional Liability Practice in Canada with Addition of Industry Veteran Scott Saddington

Retrieved on: 
Tuesday, January 12, 2021
Types of insurance, Public liability, Law, Insurance, Employment Practices Liability, Cyber insurance, Articles, Professional liability insurance, Legal liability, Fiduciary, Saddington, Legal systems

Saddington joins NFP with over 28 years of industry experience.

Key Points: 
  • Saddington joins NFP with over 28 years of industry experience.
  • His expertise includes due diligence, negotiation and placement of directors and officers insurance, cyber liability, errors and omissions insurance, kidnap and ransom, employment practices liability, and fiduciary liability risk transfer insurance for large and complex risks.
  • "I'm excited to join NFP and play an active role in driving growth across Canada," said Saddington.
  • Hot Paper Lantern for NFP, NFP, 212-931-6184, [email protected]

Best’s Special Report: Professional Liability Insurers Navigate Uncertain Terrain Amid Pandemic

Retrieved on: 
Thursday, November 12, 2020
Professional services, Insurance, Finance, Insurance, Types of insurance, Liability insurance, Professional Liability Underwriting Society, Employment Practices Liability, Cyber insurance, Professional liability insurance, Liability, Underwriting

With its Bests Special Report, Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic, in conjunction with the Professional Liability Underwriting Society (PLUS), AM Best surveyed PLUS members on the extent of the COVID-19 pandemics impact on individual lines.

Key Points: 
  • With its Bests Special Report, Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic, in conjunction with the Professional Liability Underwriting Society (PLUS), AM Best surveyed PLUS members on the extent of the COVID-19 pandemics impact on individual lines.
  • These lines of business are directors and officers liability (D&O); errors and omissions liability (E&O); medical professional liability (MPL); employment practices liability (EPL); and cyber liability.
  • Even before the pandemic, professional liability insurers were reporting varying degrees of market pressure, capacity limitations, changing risk profiles and price increases, said Sridhar Manyem, director of industry research, AM Best.
  • COVID-19 and the subsequent lockdowns, travel bans and event cancellations, as well as the economic turbulence, have put considerable added pressure on professional liability insurers.

AXIS Insurance Expands Management Liability Team With Four Senior Underwriting Hires

Retrieved on: 
Thursday, October 1, 2020
Professional services, Insurance, Finance, Insurance, Types of insurance, Liability insurance, Directors and officers liability insurance, Employment Practices Liability, Underwriting, AXIS Capital, Companies, Tokio Marine HCC

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the hiring of four experienced underwriters to its U.S. Management Liability team.

Key Points: 
  • AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced the hiring of four experienced underwriters to its U.S. Management Liability team.
  • Ms. Segreti will work across Management Liability lines, including public and private Directors and Officers Liability (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Crime coverages.
  • Prior to AXIS, he was a Senior Underwriter at Chubb Insurance, evaluating and underwriting professional liability lines for private companies and large-scale nonprofits.
  • She joins AXIS from Chubb Insurance where she was a Senior Management Liability Underwriter.

USI Affinity and the American Bar Association Announce New Partnership With Berkley Select to Deliver Employment Practices Liability Insurance Coverage for Law Firms

Retrieved on: 
Thursday, September 17, 2020
Law, Employment Practices Liability, Public liability, Liability insurance, Law firm, Insurance, Berkley, Articles

PHILADELPHIA, Sept. 17, 2020 (GLOBE NEWSWIRE) -- USI Affinity and the American Bar Association (ABA) recently announced a new partnership with Berkley Select, a Berkley Company, to offer a new Employment Practices Liability Insurance (EPLI) program for law firms nationwide.

Key Points: 
  • PHILADELPHIA, Sept. 17, 2020 (GLOBE NEWSWIRE) -- USI Affinity and the American Bar Association (ABA) recently announced a new partnership with Berkley Select, a Berkley Company, to offer a new Employment Practices Liability Insurance (EPLI) program for law firms nationwide.
  • Employment Practices Liability Insurance is a necessary and very valuable coverage for firms to add to their risk management portfolio.
  • Together, USI Affinity and Berkley Select deliver a proprietary, comprehensive EPLI offering to attorneys and law firms through USI Affinity nationwide.
  • Berkley Select has been protecting law firms of all sizes from employment practices and professional liability for over 25 years.

CoverWallet Announces New Digital Insurance Package for Venture-Backed Startups

Retrieved on: 
Monday, August 3, 2020
Venture capital, Insurance, Finance, Banking, Data management, Small business, Professional services, Technology, Finance, Entrepreneurship, Private equity, Business, Economy, Aon, Insurance, Startup company, Employment Practices Liability, Venture capital, CoverWallet, an Aon company, Aon

CoverWallet , an Aon company and a leading digital insurance platform for businesses, today announced a new digital insurance product for venture capital (VC)-backed startups.

Key Points: 
  • CoverWallet , an Aon company and a leading digital insurance platform for businesses, today announced a new digital insurance product for venture capital (VC)-backed startups.
  • With this new management liability package, VC-backed startups can instantly buy and manage Directors & Officers insurance (D&O), Employment Practices liability (EPL), and Fiduciary coverage online.
  • "By continuing to take a customer-centric approach and harnessing new datasets, CoverWallet is able to deliver startups a faster, simpler and more convenient experience for buying and managing insurance."
  • The management liability package also includes:
    CoverWallet , an Aon company, is dedicated to making commercial insurance simple, fast and convenient.

AmTrust Exec Launches New Commercial Crime Product

Retrieved on: 
Tuesday, June 16, 2020
Professional services, Data management, Security, Technology, Insurance, Software, Finance, AmTrust Financial Services, Employment Practices Liability, Underwriting, Finance, Service industries, Companies

AmTrust Exec, a division of AmTrust Financial Services, Inc. offering a full suite of management liability products, today announced that it has introduced a new Commercial Crime product to provide coverage for a wide range of medium- and large-sized businesses.

Key Points: 
  • AmTrust Exec, a division of AmTrust Financial Services, Inc. offering a full suite of management liability products, today announced that it has introduced a new Commercial Crime product to provide coverage for a wide range of medium- and large-sized businesses.
  • Melissa Schwartz joined AmTrust in January 2020 from Euclid Exec to lead their Commercial Crime product offering.
  • Previously, Schwartz was the Fidelity and Crime Product Leader with Liberty International Underwriters.
  • The division offers products such as Directors & Officers Liability, Employment Practices Liability and more, including the new Commercial Crime policy.

CAMICO Posts Gain in Policyholders’ Surplus

Retrieved on: 
Tuesday, May 5, 2020
Accounting, Professional services, Insurance, Finance, Economy, Service industries, Types of insurance, Finance, Public liability, Certified Public Accountant, Insurance, Professional liability insurance, Employment Practices Liability, Liability insurance, CPA Magazine, Minnesota Society of Certified Public Accountants

CAMICO ( www.camico.com ), the nations largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders surplus of $43.5 million for the year ended December 31, 2019.

Key Points: 
  • CAMICO ( www.camico.com ), the nations largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders surplus of $43.5 million for the year ended December 31, 2019.
  • CAMICOs financial strength and high retention rate are achieved because of the unique partnership between CPAs and CAMICO, focused on CPA security and success, said Andrew M. Eassa, CPA, CVA, CAMICO chairman of the board.
  • CAMICO delivers insurance, risk management and related services to more than 8,000 CPA firms and 50,000 staff members in 46 states and the District of Columbia.
  • CAMICO provides Professional Liability Insurance, Employment Practices Liability Insurance, and other insurance products needed by CPA firms.

RBTguard, a Program of MGAguard, Announces Flexible Insurance Options for the Hospitality Industry amid COVID-19

Retrieved on: 
Wednesday, April 15, 2020
Economy, Finance, Service industries, Types of insurance, Insurance, Insurance industry, Employment Practices Liability, Bar, Cyber insurance, Liability, Western World Insurance Group

RBTguard is a specialty insurance program that focuses on the needs of the hospitality industry, specifically restaurants, bars, and taverns.

Key Points: 
  • RBTguard is a specialty insurance program that focuses on the needs of the hospitality industry, specifically restaurants, bars, and taverns.
  • It offers admitted insurance products, including property, business interruption, liquor liability, general liability, cyber liability, and employment practices liability.
  • He added, In an effort to support our partners, we have pursued various ways to offer flexible options for restaurants, bars, and taverns to maintain their insurance.
  • David Hampson, Chief Strategy Officer said, In our more than 39 years of providing insurance to the industry, we have weathered many storms.