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Professional liability insurance is also known by other names. You can find it as professional indemnity insurance, errors and omissions insurance, or malpractice insurance. It protects professionals ... read more

Law firm closures plummet as professional indemnity insurance challenges ease

According to recent research conducted by Hazlewoods, Chartered Accountants, and Business Advisers specialising in the legal profession, the number of closures due to PII complications has dropped to ... read more

Insurers could face losses of up to $4 billion after Baltimore bridge tragedy, analyst says

Baltimore's Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting it at as much as $4 billion, which would make the tragedy a record ... read more

New creatives scheme announced for recently launched broker

My team and I have launched something new and exciting that will help creative freelancers buy the insurance they need,' says founder ... read more

10 Small Business Tax Deductions Worth Knowing

If you opt for the standard mileage rate (65.5 cents per mile for tax year 2023), you calculate your deduction based on the miles you drive for business in a given tax year. If you opt for the actual ... read more

How Much Does Errors and Omissions Insurance Cost?

At a cost of $61 per month, or $735 per year, errors and omissions insurance is an affordable type of business insurance coverage that can prevent financial losses in the thousands—or even millions—of ... read more

Chubb unveils health-tech practice in UK

The new practice will cater to all types of companies within health-tech, ranging from start-ups to established businesses. read more

Great American announces two new divisional presidents

Great American Insurance Group has officially announced the promotions of Jonathan M Goldman (pictured above, left) and Kenneth R Nieberding (pictured above, right) to the positions of divisional ... read more

Law firm closures due to lack of PI slows down

A total of 34 law firms closed due to lack of professional indemnity insurance in 2022/23 up to the end of October, the lowest level since 2018/19. read more

Atrium 609 posts 97% combined ratio as prior-year Ukraine costs escalate

Atrium Syndicate 609 has posted a 2023 combined ratio of 97%, which deteriorated 8 points year on year, as it almost doubled its Ukraine aviation loss reserves impacting prior years. read more

CCS holding firm on G-Cloud 14 insurance requirements for prospective Lot 4 suppliers

The government’s procurement arm is seemingly refusing to give in to supplier calls to extend its decision to revise down the insurance requirements for G-Cloud 14 to the framework’s fourth Lot. read more

James River Group: Why The Valuation Gap Should Close

Global Indemnity's $15 per share all-stock offer for James River Group suggests that the company is undervalued. Click here to read my most recent analysis of JRVR stock now. read more
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