The LMA North American Errors and Omissions Committee is a dedicated group of underwriting professionals from across the Lloyd’s market. Convening on a quarterly basis, the panel focuses on identifying and addressing key issues related to North American E&O insurance.
The E&O Committee monitors and responds to emerging trends and developments affecting the North American market.
The E&O Committee regularly hosts guest speakers from legal and claims backgrounds to provide insights into emerging risks and industry trends. These sessions support the committee’s commitment to continuous learning and help ensure the market remains informed, prepared and responsive to evolving challenges.
Litigation trends in the US insurance market are evolving rapidly, driven by social inflation, nuclear verdicts and changes in technology and regulation. These trends directly impact claims frequency, severity and underwriting strategy for E&O insurers operating in the US.
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Notable projects
Claims data project
The project aims to enhance the quality and consistency of claims loss data to support better analysis and underwriting. By defining mandatory and optional data fields, the goal is to standardise data capture and integrate these requirements into Lloyd’s new digital claims platform via ICOS.