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Education and Media
 
   Claims Made Coverage  
   Errors & Omissions  
 

This Article by David A. Grossbaum, Esq., a Partner at Hinshaw & Culbertson LLP examines and annotates a Claims Made Professional Liability policy. Wwhile focused on a Lawyers Professional Laibility form, some of the coverage issues raised may also impact other types of Professional Liabilty policies as well.  The opinions are exclusively those ofthe author(s) .  The artilce is reproduced  with permission from the authors and Hinshaw & Culbertson LLP  further reproduction is prohibited, and is to be used only for the personal use of the reader. Copyright © 2008 Hinshaw & Culbertson LLP

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   General Information  
 

Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them. 

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Re-Printed with the Permission of MyNewMarkets.com and Insurance Journal, we are pleased to provide the complete 5 Part Series on Claims Made Policies authored by Frederick Fisher and edited by Chris Boggs.  This important series documents the 40 year + History of the Claims Made Form and examines the many problems that currently exist.  

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Provide and posted with permission, the well respected  based  Law Firm of Jaclkson -Lewis, we are honored to post their Latest Journal. Please cehck back frequently for their latest update.

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The latest article to be Published by Frederick Fisher is a 3 Part series on the Unintended results of absoluet Exclusions that are now making their way into E&O Policies. The first part explored exclusionary wording in insurance policies. The remaining installments explored examples of the impact of exclusions on claims and the dangers to agents.The series ended with solutions to policy exclusions.

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This article was published in the Quarterly Update section of Professional Liability Insurance (PLI) and is provided with the permission of the International Risk Management Institute (IRMI).  PLI is the only reference manual on Professional Liability Insurance as published by the International Risk Management Institute (IRMI).  Since 1990, this 3 volume set has been the leading source of general information on Professional Liability Insurance and was once the source material for the RPLU program sponsored by the Professional Liability Underwriting Society. Frederick J Fisher,  the author of the Prior-Pending Article has been the Senior Technical Advisor to PLI since it's publication in 1990.  This article explores the dangers to insureds and their brokers that can arise from selling an Error & Omission policy that  contains a Prior-pending  exclusion of inception when prior acts coverage is also provided.

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Frederick Fisher first wrote about the history and evolution of the Claims made form in 1990 when he first coined the phrase "Pure Claims Made" 20 Years late, the form continues to evolve and for some, for the worse.  Reprinted in its entirety, this 5 part series appeared in Insurance Journal's  MyNewMarkets in 2009 and again in 2010.  It was the 8th most read article in 2009. Some insurers have made it mandatory reading and was widely received at Lloyds and even as far as India.  It’s a must read for anyone involved with Claims Made Policy forms

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Frederick Fisher to conduct his 4th Webinar for the  Insurance Journal's Academy of Insurance,  Date: Nov 9, 2011 Time: 1:30-2:30pm (Eastern)/ 10:30-11:30am (Pacific)

You may register by logging on to :  http://www.ijacademy.com/what-to-expect-from-specialty-lines-claims


 

Class Description

This webinar gives an overview of the specialty-lines claims process as experienced by insureds and brokers. The types of claims addressed in this class include errors and omissions, professional liability, directors and officers, and employment practices liability.
 

The claims processes for these types of claims are often different than those experienced in commercial general liability claims. Differences may arise because of the presence of a claims-made trigger, the “four corners approach” to policy review and analysis, the complexity of the claim in general, the different models used by insurers to handle and supervise claims, and the fact that attorneys have long manned the claims desks.
 

Attendees will:
• Explore the claims process differences between basic casualty and specialty casualty claims;
• Explore coverage issues that require attention in these claims; and
• Explore the errors and omissions implications of these types of claims.

 

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   Claims  
   Claim Examples  
 

Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them. 

 Read full story >>
 

Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them. 

 Read full story >>
 

Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them. 

 Read full story >>
 

Excellent document that can be used when going over various coverages such as E&O, D&O and EPLI with an Insured.   There are duplicate pages for each attached that can be left with the Insured and a page that can be signed by the Insured indicating that you have gone over the meaning of the type coverage with them. 

 Read full story >>
   EPLI  
   EPLI Procedures  
 

Provide and posted with permission, the well respected Encino, Calif. based Labor Law Firm of Landegger, Baron, Lavenant and Ingber have created an impressive set of protection documents.  Whether you are reviewing your current HR systems and procedures, or seeking to update them, these documents will greatly enhance your HR portfolio and procedures. 

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