E&O

Several member agencies have recently contacted us about a change to the most commonly-used certificate of insurance form, ACORD 25 Certificate of Liability Insurance. ACORD published a new edition of…

The insured should tell the insurer about all household drivers.

How to Qualify for E&O Loss Control Credit Members whose E&O coverage is written by Swiss Re/Westport Insurance Corp. or Allianz through IAAC can qualify for a premium reduction credit…

​UPDATE: Since we posted this news item, we have learned that NYSIR is a “municipal reciprocal insurer,” as New York Insurance Law Section 6102 defines that term. That same section of the law permits…

E&O Report | January 2024 |  Volume 39, Number 1 As we start 2024, it is the perfect time for every insurance agency and brokerage to examine its business practices.  Over the years, we have…

Question: “Does New York State require us to maintain signed applications in our management system, specifically for the companies that allow e-signatures from their websites?” Answer: New York State insurance…

E&O Report |  August 2018 |  Volume 30, Number 8 On June 6th, the Big I NY Annual Errors and Omissions telecast seminar was presented live from Hudson Valley Community College in Troy and transmitted…

The New York State Department of Financial Services has told IIABNY that, where a liability insurance policy contains an automatic or blanket additional insured endorsement, certificates of insurance may name…

E&O Report |  September 2013 |  Volume 25, Number 9 We regularly receive phone calls from independent agents with questions on a wide variety of topics. Quite often the topics relate to concerns about an…