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April 2012

The 2012 Annual E&O Loss Control Seminars

April 2012

 Volume 24, Number 4

The 2012 Annual E&O Loss Control Seminars

Remember 1987? For many of us, it does not seem like all that long ago. The average price for a gallon of gasoline was 92 cents. Ronald Reagan was in the White House, and it was the first year of the IIABNY (known at that time as IIAANY) Annual Errors and Omissions Loss Control Seminars. In 2012, we mark the series’ 25th anniversary of one of IIABNY’s most popular and long-running educational offerings.

Starting this May, my partner Chris Weldon and I, founding and principal attorneys at the law firm of Keidel, Weldon & Cunningham, LLP, will present the 2012 edition of the seminar series. If you plan to attend, we suggest you contact IIABNY soon to register because space at many locations is limited and filling up quickly.

As we have done in past few years, the seminars will be presented in two separate formats.
The first format is a live, four-hour seminar, which has been approved for four continuing education credits for all licenses. The sessions will be presented at the following locations across New York state during the month of May:

Buffalo   May 15
Syracuse   May 16
Hauppauge, Long Island   May 22
New York City   May 23
Armonk, Westchester County   May 24
In addition to the live seminars, a three-hour videoconference version of the May seminars will be presented June 6 from a studio in Albany and telecast live to 15 locations across New York State. The telecast seminar, which is approved for three CE credits for all licenses, will cover all the topics addressed during the four-hour live seminar but in a shorter time period.

If your agency or brokerage is covered by E&O insurance purchased through IAAC, Inc., it may qualify for a 10 percent premium credit on its 2013 policy renewal if insured with Westport Insurance Corporation. The discount could be 7.5 percent to 10 percent premium credit if the agency or brokerage is insured through IAAC by Fireman’s Fund Insurance Co. In both cases, the savings depend on the size of the agency or brokerage and the total number of employees attending.

During this year’s seminars, we will feature:

  • an in-depth discussion of the concept of loss control;
  • a review of the law affecting New York insurance agents and brokers;
  • a discussion on how an insurance agency or brokerage should handle claims and lawsuits against customer insureds;
  • an examination on how technology can help protect against E&O claims and lawsuits;
  • a detailed description of the legal duty of care for insurance agents and brokers in New York and other states;
  • a review most common types of E&O claims and lawsuits against New York insurance agents and brokers; and
  • a discussion of the issues for agents and brokers to consider with regard to social networking and the law regarding social media.
In order to look back on the past 25 years, we selected some of the more memorable moments from tapes of prior seminars that will be used to illustrate the issues and topics we will discussed this year. In addition, long-time friend Herb Lustig, will give his perspective on the past 25 years of E&O seminars through a special video message. We promise this year’s seminars will be both informative and entertaining.

Last year, a total of 1,500-plus New York insurance agents and brokers attended the live and telecast E&O seminars. We encourage any insurance agent or broker in the state interested in attending to register soon for one of the live seminars or June 6 telecast. Register for the 2012 25th anniversary annual E&O seminars by visiting the Education Calendar on the IIABNY website. For more information, email Kathy Lawler, the association’s assistant vice president of education, or call her at (800) 851-8853, ext. 218.

Both Chris Weldon and I hope to see you at one of the upcoming seminars.

Submitted by:
James C. Keidel, Esq.
of Keidel, Weldon & Cunningham, LLP

Keidel, Weldon & Cunningham, LLP concentrates its practice in the defense of insurance agents and broker’s errors and omissions claims and litigation, errors and omissions loss control counsel and education, insurance coverage analysis and litigation and insurance regulatory matters. Please direct any comments or questions to James C. Keidel, Esq. by mail to the main office of Keidel, Weldon & Cunningham, LLP, at 925 Westchester Avenue, Suite 400, White Plains, NY 10604, telephone at (914) 948-7000 or e-mail at The law firm also maintains offices in Syracuse, New York; New York City, New York; Wilton, Connecticut; Bayonne, New Jersey; Warwick, Rhode Island and Philadelphia, Pennsylvania.

Copyright 2012 © Independent Insurance Agents & Brokers of New York Inc. and Keidel, Weldon & Cunningham, LLP
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