Skip Ribbon Commands
Skip to main content

April 2014 -- The E&O Report

E&O Report Header 
April 2014
Volume 26, Number 4

They're Almost Here — the Annual E&O Loss Control Seminars

In May and June, the IIABNY annual Errors & Omissions Loss Control Seminars will be presented by the law firm of Keidel, Weldon & Cunningham, LLP. If you are interested in attending any of the upcoming seminars, we suggest you contact IIABNY to register as soon as possible, since space at many locations is limited and filling up fast. The seminars will cover a variety of issues and topics that should be familiar to every New York insurance agent and broker. In this issue of The E&O Report, we provide an overview of what to expect at this year’s seminars, as well as give you other pertinent seminar information. 

This year, the live E&O seminars will be presented by my partner, Chris Weldon, and I at the following five locations across the state: Buffalo – May 6, Syracuse – May 7, Hauppauge – May 20, New York City – May 21 and Westchester – May 22. The live seminars qualify attendees for four hours of New York continuing education credit for all insurance licenses. If you are unable to attend one of the five live seminars, a telecast seminar will be presented live on June 11 from a studio near Albany and simulcast to 14 locations across New York state. The telecast seminar will cover all the same topics and feature the same videos as the live seminars. In addition to earning CE credit, attendees will hear some great stories, as well as learn practical and effective E&O loss control procedures. Also note: an agency or brokerage that has professional liability insurance through IAAC, IIABNY’s membership services division, may qualify to receive a discount on its insurance premiums by attending either the live or the telecast seminars. 

At this year’s seminars, we will cover the following topics: 

  • the law affecting property and casualty and life and health insurance agents and brokers
  • statistics and exposures concerning the trends in New York E&O claims and lawsuits
  • duty of care for insurance agents and brokers in New York and various other states
  • the legal relationship between the agency/brokerage and insurer
  • loss control practices that should be in effect at every insurance agency and brokerage
  • what we learned from catastrophic events that have occurred
  • the customer lifecycle in an agency or brokerage
  • best practices for handling claims
  • facts your customers might not tell your agency or brokerage
  • a review of the Affordable Care Act
  • the most common defenses used in connection with the defense of E&O claims and lawsuits 

During this year’s seminar, we will also show three videos to help illustrate some of the key E&O issues and procedures we are discussing. Each of the three videos provides an entertaining parody of both popular movies and television shows, with a spin on insurance-related issues. Without giving away any surprises let me just say that if you like the movie “Groundhog Day” or enjoy watching a popular TV game show or late night talk show every evening, you will surely like this year’s videos. The folks who previewed the three videos have said they are both extremely entertaining while at the same time informative and should definitely not be missed! 

Last year, about 1,500 New York insurance agents and brokers attended both the live and telecast E&O seminars we presented for IIABNY. We encourage all New York insurance agents and brokers to register as soon as possible for either one of the live seminars or the telecast seminar. You can register by visiting the Education section of the IIABNY website or calling the IIABNY Education Department at (800) 851-8853, ext. 228.

We look forward to presenting IIABNY’s 2014 annual E&O Loss Control Seminars, and we hope all of you will be able to attend one of the sessions.

Submitted by
James C. Keidel, Esq.
Keidel, Weldon & Cunnningham, LLP

Submitted by 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; Fair Lawn, New Jersey; Warwick, Rhode Island and Philadelphia, Pennsylvania.  

 Copyright 2014 © Independent Insurance Agents & Brokers of New York Inc. and Keidel, Weldon & Cunningham, LLP
All rights reserved