Agency Management

An exclusion for claims arising from representations and warranties could present real problems for architects involved in green-building design.

When contractors are in the market for insurance, they may focus solely on cost and coverage level.

Reinsurers recapitalized significantly in 2009, but while pricing was down for the latest Jan. 1 renewal season as a result, underwriting remained disciplined in a softening market characterized by one top broker as "orderly."

Professional liability brokers repeatedly receive requests from insureds to add the insureds' clients onto their errors and omissions policies as additional insureds. As outsourcing has become more prevalent, so has this request.

"Greenwashing" sounds like a reference to environmentally friendly laundry products, but when the term is applied to construction or property management operations, it can signal decidedly unfriendly consequences for participants in the building process.

The Professional Insurance Agents of New York State Inc. said among the legislative items it will focus on in 2010 are issues involving coastal homeowners' insurance availability, producer compensation disclosure and auto insurance fraud.