National Underwriter's Guide to the E&S/Specialty Lines News


Big-Time Data Breaches A Magnet For Lawsuits

With high-profile cases such as ChoicePoint and TJX acting as a lure, plaintiffs' attorneys are increasingly interested in generating class-action lawsuits for data security breaches. Coverage for data breaches is more popular than ever, but is still evolving.

In a panel discussion at the recent PLUS International Conference in Chicago, five experts discussed the exposure environment for data and the best ways businesses can protect themselves against a loss.



Brokerage Tackles Architect, Design Risks With Green Building Endorsement
An exclusion for claims arising from representations and warranties—which is contained in most professional liability insurance policies—could present real problems for architects involved in green-building design, warned one insurance brokerage that has taken steps to close that exposure gap.

E&O Cover Required For Self-Employed Business, Consultants
Errors and omissions policies are not just the purview of the mega-brokers, says one major underwriter, who points out opportunities when small agents review their client lists.

Arbitration Program To Expedite Claims For Construction Defects
Discussions about a new arbitration program designed to more efficiently resolve inter-insurer disputes over construction defect claims were recently held between two major associations.

Airline Market Insurance Price Hardening Continues
The airline insurance market continues its swing to hard prices with a 24 percent increase in rates for 26 airline renewals during the month of December, according to a report from Aon.

Coming Up Next Month
In February, National Underwriter magazine and NU's E&S Extra e-newsletters will cover the markets for errors and omissions coverage for insurance agents and brokers, sports and other entertainment events, as well as social service organizations. There will also be a preview of NAPSLO's next national meeting in March.

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