One of the more challenging issues facing an Architect and Engineering firm is a contractual obligation to defend their clients from third party claims. This is not covered under a Professional Liability practice policy.  A&E firms can unknowingly sign new contracts, assuming this contractual obligation and exposing the firm to uninsured defense expenses. There is...Read More

Do your design, engineering, and contracting clients fully understand the value of rectification coverage in their professional liability insurance?   What Is Rectification Coverage? Rectification coverage is a first party insurance coverage that helps cover the costs of correcting a defect discovered before it results in a professional liability claim.  There are many benefits of...Read More

Healthcare Staffing Shortages: Impact on Quality Care and Insurance Claims The healthcare industry faces a critical staffing crisis. Since the pandemic, over 100,000 nurses have left the profession, and physician shortages could reach 86,000 by 2036. This shortage stems from increased healthcare demand, an aging population, and an aging workforce, leading to declining care quality...Read More

The Importance of Intellectual Property Insurance In today’s business landscape, intellectual property (IP) is a cornerstone asset, comprising a significant portion of company value; over 84% for S&P 500 firms. As the importance of IP grows, so does the need for intellectual property insurance. It is becoming essential for managing risks associated with IP disputes....Read More

As of January 6, 2025, Argo has decided to exit the professional liability business sector. Their renewals will be transferred to Core Specialty and Westfield Specialty. Argo Group is exiting the professional lines insurance business due to the inability to achieve profitability aligned with its strategic goals. A portion of the business will be transferred...Read More

  CrowdStrike Incident’s Ripple Effect on the Cyber Insurance Market Navigating the Aftermath: Lessons from the CrowdStrike Cyber Outage   On July 19th, the CrowdStrike cybersecurity incident reverberated across global financial institutions, airlines, healthcare facilities, and government offices, disrupting operations worldwide. According to CrowdStrike, a faulty sensor configuration update in its cybersecurity platform triggered the...Read More