Albany, N.Y. (June 6, 2017) – Berkley Alliance Managers, a Berkley Company, announced today that Anthony Andersen has been named senior vice president, professional liability claims manager. He will be responsible for providing managerial oversight to the company’s claims staff.
Why get serious about data security? Because the risk is always there.
APR 25, 2017 | BY STEPHEN L. PORCELLI
Technology has evolved into an essential tool for business. Nearly every firm relies on software, email and the internet to conduct business and deliver services.
Since the internet has become such an integral part of most operations, however, doorways to disaster have opened that never existed before.
Most professional liability policies are written on a “claims made and reported basis,” requiring claims to be made and reported during the applicable policy period.
Simple right? Not so fast. Insureds need to remember several extremely important components that must be satisfied to ensure coverage.
7 rules to follow to improve your professional liability rates
According to the American Institute of Architects (AIA), nonresidential building spending in 2015 was close to $360 billion, with forecasts estimating this number to hit $390 billion in 2016. The 2016 Dodge Construction Outlook also recently predicted a 9 percent gain in this sector. Multifamily housing, as well as commercial and institutional building, will expect to benefit from this surge, according to Dodge Data & Analytics.