Latest News »

Last Updated February 3, 2015

D&O and E&O Losses from credit crisis estimated at $9.6 Billion

D&O and E&O Losses from credit crisis estimated at $9.6 Billion

September 17, 2011 - No Comments

The meltdown in the subprime mortgage business and its fallout in the wider credit markets will cost insurers $5.9 billion

How to Secure D&O for Financial Institutions:Bloomberg Article

September 17, 2011 - No Comments

It’s no secret that D&O carriers are declining and non-renewing financial services companies left and right, and it is likely

Cyber Liability: What can happen, exactly? Good examples and scenarios you can use

Cyber Liability: What can happen, exactly? Good examples and scenarios you can use

September 17, 2011 - No Comments

What is the most effective way to show a client how and where they’re vulnerable to liabilities for their web

PRSDirectory

The PRS Story

February 5, 2010 - No Comments

It All Began With One Guy’s Dream
The story of Professional Risk Solutions took shape in 2001, as a one-person

D&O for Clients in Financial Services: Smart solutions for the hard market

D&O for Clients in Financial Services: Smart solutions for the hard market

December 17, 2009 - No Comments

Carriers are shying away from financial sector clients in droves. This includes banks, securities firms, mortgage companies, leasing companies, investment

Wage Discrimination Bill First to Move to Obama's Desk

Wage Discrimination Bill First to Move to Obama’s Desk

January 28, 2009 - No Comments

January 28, 2009 – BestWire Services
Legislation that could open the door to more discrimination claims on directors and officers

Elusive D&O coverage forces financial institutions to go bare

Elusive D&O coverage forces financial institutions to go bare

January 27, 2009 - No Comments

January 27, 2009 By David Dankwa – SNL Financial News
 
As financial institutions find it exceedingly difficult to obtain

D&O Premiums on the Rise for Financial Institutions, Capacity Shrinking

D&O Premiums on the Rise for Financial Institutions, Capacity Shrinking

January 27, 2009 - No Comments

National Underwriter
Brokers keeping tabs on the situation are saying that financial institutions are finding it increasingly hard to get

Property/Casualty Market Report: Financial crisis pushes some D&O rates sharply higher; But many buyers outside of finance see prices fall further

Property/Casualty Market Report: Financial crisis pushes some D&O rates sharply higher; But many buyers outside of finance see prices fall further

January 19, 2009 - No Comments

January 19, 2009 – Business Insurance
The financial crisis has driven up the frequency and severity of securities fraud claims,

Property/Casualty Market Report: E&O prices begin to firm during year-end renewals

Property/Casualty Market Report: E&O prices begin to firm during year-end renewals

January 19, 2009 - No Comments

Brokers and insurers disagree over whether professionals could negotiate rate cuts during year-end renewals, but they concur that the errors