Insurance Agents E&O Claims Reminder

During this soft market, insurance agent claims are probably not top of mind, but they can come unexpectedly and obviously impact insurance agents E&O (professional liability) coverage. A recent article in Insurance Journal (see here) points to some frequent causes of insurance agents claims and provides a reminder of some common ways to prevent the claims. Typically, claim frequency declines somewhat during a soft market because insurers offer broader coverage and accounts tend not to move with coverage reductions. During...