Colleen M. Murphy

Colleen M. Murphy

Partner

Practice Groups

Colleen Murphy focuses her practice on defending insurance agents, brokers, and insurers in professional liability claims and insurance coverage disputes. As the leader of Goldberg Segalla's Insurance Agents and Brokers Practice Group within the firm's Professional Liability Practice Group, she has nearly 20 years of experience representing insurance agencies and brokerages in errors and omissions (E&O) claims and lawsuits as well as in consumer complaints and hearings before the New York State Insurance Department. Her clients include top-10 insurance brokers and self-insureds, major E&O liability insurers, and insurance agencies within financial institutions. She has successfully defended hundreds of errors and omissions claims on behalf of insurance agents and brokers across New York State as well as in Pennsylvania and Puerto Rico. Her coverage experience includes defending insurers in claims alleging bad faith in interpreting insurance contracts or in the manner a claim was handled, as well as in matters involving first-party property, professional liability, third-party liability, and reinsurance coverage.

In addition, Colleen represents broker-dealers and registered representatives in the defense of securities-related claims, including those alleging unsuitable investment recommendations, improper sales practices, negligent supervision, churning, breach of fiduciary duty, and breach of contract. She also represents financial services clients in responding to regulatory inquiries initiated by the Financial Industry Regulatory Authority (FINRA), and she handles complex product liability and life science matters.

A recognized authority on errors and omissions in the insurance industry, Colleen has delivered numerous E&O-focused loss control CE seminars and webinars across the country. She has also authored errors and omissions loss control reports as well as contributed chapters to an errors and omissions loss control primer. Major regional and national insurance agents and brokers associations have turned to Colleen for help meeting the diverse needs of their members, including helping to draft widely used loss control procedures and forms.

Professional Affiliations
  • USLAW Network, Professional Liability Group
  • Defense Research Institute, Professional Liability Committee
  • Women’s Bar Association of Western New York, Western New York Chapter
  • Attorney Member, Agents Council for Technology, Independent Insurance Agents and Brokers of America
Admitted to Practice
  • New York
  • U.S. District Courts for the Northern, Southern, Eastern, and Western Districts of New York
Civic Activities
  • Western New York Autism Society, Conference Planner and Co-Chair
  • Volunteer/Guide for Children’s Adaptive Ski Program: Phoenix Adaptive Snow Sports Program at HoliMont, Ellicottville, New York
Education
  • State University of New York at Buffalo, B.A., 1987
  • Albany Law School of Union University, J.D., 1990
Publications/Presentations
  • Author, E&O Loss Control for Insurance Agents and Brokers Using Social Media, March 2011
  • Author, Proactive, Long-term Corporate Crisis Management: The Hunter, The Ostrich, and The Spin Master, March 2011
  • Author, "New Insurance Agent and Broker Rules Regarding Disclosure of Contingent Commissions Which Take Effect in New York January 2, 2011," Professional Liability Monthly, November 2010
  • Presenter, "How Insurance Agencies and Brokerages, Registered Representatives, and Lawyers Can Benefit From The Upside of Social Networking While Minimizing The Downside of a Possible E&O Risk," USLAW Fall Client Conference, Colorado Springs, CO, October 2010
  • Presenter, "Agency E&O Considerations When Social Networking,"  Agents Council for Technology of the Independant Insurance Agents and Brokers of America, Webinar, May 2010
  • Presenter, "E&O Loss Control for Social Media Networking," New York, April 2010
  • Podcast, "E&O and the Social Web," Insurance Journal, March 2010 (Click here to listen)
  • Co-Author, "How Insurance Agencies and Brokerages Can Benefit From the Upside of Social Networking While Minimizing the Downside of a Possible E&O Risk," January 2010
  • Presenter for a top-ten broker, "Unfortunate Letters/Emails and Heading Off Potential E&O Claims," Orange, CA, 2010
  • Presenter, "Best Practices in Managing E&O Exposures and Losses," CPCU Society, Malvern, PA, May 2009
  • Author, "Photo Inspections - A Continuing Source of Potential E&O Liability"
  • Co-Author, "Insurer vs. Insurance Agency E&O Lawsuits: When Your Company Is Not on Your Side"