“Developments in Insurance Agent/Broker Professional Liability 2014: The Year in Review,” PLUS Journal
“This past year agents and brokers E&O began with a bang, with several enormously significant decisions regarding the duty to advise,” writes Peter J. Biging, a partner in Goldberg Segalla’s Professional Liability Practice Group. “Additionally, there were significant decisions with regard to when negligent procurement of coverage claims accrue for statute of limitations purposes, when the economic loss rule can be raised as a defense to a broker negligence claim, whether an insured’s failure to read his policy can be raised as an absolute defense, and whether a duty to procure coverage can be extended to the general public in certain circumstances.”
In this two-part article authored for the Professional Liability Underwriting Society, Peter examines some of the more interesting and important decisions of the past year impacting errors and omissions claims — along with the lessons they impart to agents, brokers, underwriters of agents and broker E&O coverage, claims personnel, and E&O defense counsel going forward.
Read the articles here:
- “Developments in Insurance Agent/Broker Professional Liability 2014: The Year in Review, Part I,” PLUS Journal, January 2015
- “Developments in Insurance Agent/Broker Professional Liability 2014: The Year in Review, Part II,” PLUS Journal, February 2015