New program from the Hanover Insurance Group and OMS National Insurance Co. GJS acquired Network E&S Insurance Brokers' book of California business. Philadelphia Insurance Cos. offers new media coverage.
As markets grow in developing countries and losses escalate, insurers will have to reassess risks and likely consolidate to meet the rising demand for coverages and limits, an industry executive says.
According to a recent Torus survey, 87 percent of Professional Liability Underwriting Society (PLUS) members believe management liability will increase in 2013.
To meet the needs and expectations of mobile employees, agents, and customersand driven by economic pressures that slashed travel budgets in recent yearsinsurers have been capitalizing on collaborative technology.
Because more small- and medium-size companies are incorporating social media into their businesses, insurance professionals believe their clients risk exposure will grow in the coming year, according to a survey released by specialty-insurer Torus.
Professional and management liability rates are expected to increase in 2013 by up to 10 percent, says the majority of industry professionals in a recent survey.
Professional and management liability rates are expected to increase in 2013 by up to 10 percent, says the majority of industry professionals in a recent survey.