Darwin Introduces Enhancements to its Lawyers Professional Liability Insurance Policy Including Privacy Wrongful Acts and More
18 Febbraio 2008 - 3:24PM
PR Newswire (US)
FARMINGTON, Conn., Feb. 18 /PRNewswire-FirstCall/ -- Darwin
Professional Underwriters, Inc. (Darwin), (NYSE:DR) has introduced
enhancements to its lawyers professional liability policy. Limits
of up to $10 million are available for firms from one to one
hundred attorneys. All areas of practice will be considered, and
Darwin maintains a particular focus on plaintiff's personal injury
litigation, class action/mass tort, medical malpractice,
securities, environmental, entertainment, and selected areas of
intellectual property law with demonstrated specialization and good
claims histories. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO ) Darwin's
new form includes coverage expansions in several areas. These
include: -- Coverage for predecessor firms; -- Ability to report
claims up to 30 days after the policy's expiration date; --
Coverage for pre- and post-judgment interest; -- Coverage expanded
to wrongful acts occurring and claims brought anywhere in the
world; -- Legal services definition expanded to include lawyers'
services rendered as a member of a formal accreditation, ethics,
peer review or licensing board, standards review board, bar
association, or any similar board or committee; -- Pollution
exclusion has been removed. Darwin also has added coverage benefits
through two new endorsements. Darwin's new privacy wrongful acts
coverage endorsement is widely available and provides coverage for
violations of federal, state, and privacy laws, including the
Health Insurance Portability and Accountability Act of 1996
(enacted to protect personal health information; known as HIPAA)
and the Gramm-Leach-Bliley Act of 1999 (dealing with security
protection and standards for financial records; known as GLB). This
endorsement also covers up to $25,000 in costs incurred if an
insured is required to comply with mandated credit monitoring or
notification to clients under privacy protection laws. For those
attorneys serving as directors and officers for not-for-profit
organizations, the policy can be endorsed to provide for outside
director liability (ODL) coverage up to $1 million, subject to
certain terms and conditions as set forth in the endorsement.
"Darwin has had extraordinary success with our lawyers professional
liability portfolio," says Annamarie Haught, vice president,
professional liability underwriting. "These enhancements reflect
our desire to continue to grow and to remain the market of choice
for discerning buyers of lawyers professional liability." Important
Information Coverage descriptions in this press release are
summaries only; all coverages will be determined by the policy as
issued. Policies are available only through licensed surplus lines
brokers. Additionally, this press release may contain projections,
comments, and other forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Each forward
looking statement is based on Darwin's plans and expectations, as
well as on current events and industry trends. Such statements are
subject to risks and uncertainties, and the actual outcomes or
results may differ materially from those expressed or implied by
any of these statements. About Darwin Professional Underwriters,
Inc. Darwin is a specialty insurance group based in Farmington,
Connecticut. The company is focused on the professional liability
insurance market and underwrites directors and officers ("D&O")
liability for public and private companies, errors and omissions
("E&O") liability insurance, medical malpractice liability
insurance, and other specialty coverages. Darwin member companies
include Darwin Professional Underwriters, Inc., Darwin National
Assurance Company (DNA), and Darwin Select Insurance Company
(Darwin Select). DNA and Darwin Select have earned a financial
strength rating of "A- (Excellent)" from A.M. Best Company. Darwin
is traded on the New York Stock Exchange under the ticker symbol,
"DR." For more information about Darwin, visit
http://www.darwinpro.com/.
http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO
http://photoarchive.ap.org/ DATASOURCE: Darwin Professional
Underwriters, Inc. CONTACT: Drake Manning of Darwin Professional
Underwriters, Inc., +1-860-284-1500, Web site:
http://www.darwinpro.com/
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