Social Media Ideas for Agency Errors And Omissions

Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment

An Alabama insurance agent is in the clear after years of litigation that contended he had failed to secure professional liability coverage for a pharmacy that was sued over a comp...

Ombudsman flags broker risk when disclosure errors void cover

FOS evidence shows unrelated disclosure errors can still void cover, putting fresh scrutiny on point-of-sale advice

And this is why I always teach agency in my BizOrgs class

In a typical securities class action, plaintiffs name the individual company officers responsible for the alleged fraud, as well as the company itself.  The company’s liability is,...

When AI makes a mistake, it’s the agent who pays the price

Brokerages should be proactive in creating (and enforcing) AI use policies before they end up in regulatory hot water, advises compliance pro Summer Goralik.

Amex Will Pay for Agent Errors, Except in the Cases Agents Actually Get Wrong (Maren Solberg)

American Express published a free agentic commerce playbook for merchants on 6 October, alongside a ...

Agency Duties — Legal vs. Ethical

While I’m not an insurance agent, I recently received an email from a commercial insured after he read one of my columns. In the column, I explained how the importance of insurance...

Amex Will Pay for Agent Errors, Except in the Cases Agents Actually Get Wrong

Author: A finextra community member

Using AI in Your Insurance Agency? Don’t Overlook the New E&O Risks

How are you using AI at work? Are you using AI only to write emails or summaries, and feeling unclear about what more you can accomplish with AI? More concerning, are you using AI...

Insurance When AI Agents Are the Decision-Makers

The Part of the Underwriting Workflow Where a $300,000 Mistake Hides

OIP Insurtech’s teams have been running compliance workflows inside real insurance operations for years. Inspection reviews, policy comparisons, and bind audits across carriers, MG...

Markets/Coverages: Insurtech Foxquilt Launches E&O Product

Small business focused insurtech Foxquilt said it has launched an admitted errors & omissions product with a rollout to 10 states starting in September. E&O is Foxquilt’s s...

AI agent failures are landing on CIOs. Will D&O cover follow them?

Half of UK tech chiefs say the CIO carries the blame when an AI agent goes wrong, but many CIOs are not board directors, and insurers are starting to rewrite their AI wordings

Businesses remain exposed when AI agents go beyond their instructions

Known flaws could expose developers to claims, but contracts and evidence may determine whether a business can recover its loss

Think-tank warns brokers against assuming AI is covered

According to a new report, silent wording could leave claims disputed across cyber and E&O risks

The Ticking Claims Clock

For architecture and engineering firms, professional liability insurance is a cornerstone of risk management.

Why private companies may be underestimating D&O risk

Travelers warns brokers that private company D&O claims extend well beyond traditional shareholder litigation

USI Insurance employees sue over voluntary benefit commission ‘self-dealing’

Seven staffers say the broker sat on both sides of the deal - and their premiums paid for it

Brokers spot fraud clues that the wider industry may never see

Fragmented data and limited feedback leave brokers unsure what happens to the concerns they report

Public filings expose voluntary benefits commissions to ERISA litigation risk

Form 5500 data is helping plaintiffs compare broker compensation

The Agentic Agency: Changing How Agency Work Gets Done

For all the attention artificial intelligence is getting in insurance, the fundamental value of the independent agency hasn’t changed. Clients still need insurance professionals wh...

Benefits broker fiduciary risk: why disclaimers may not be enough

Most benefits brokers disclaim fiduciary status but courts may see things differently says Ron Peck, chief legal officer at The Phia Group

What captive agents underestimate about running their own agencies

Key Takeaways As a captive, your carrier hands you the technology. As an independent, you serve as both the buyer and the administrator. Licensing, appointments and entity setup ge...

When renters' insurance guidance gets the state wrong, agents are the ones who have to fix it

Ohio's own statute tells a different story than the one cited

IPO hopefuls face a tougher test of AI claims and D&O limits

Relation executive says brokers should help companies assess their coverage well before an offering reaches the market