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Errors & Omissions Committee – 09 September 2025

The committee reviewed its purpose and received updates across legal, claims, international and market-wide developments. US E&O legal trends highlighted growing malpractice risks from AI misuse, with multiple cases illustrating escalating concern and the need for firmer protocols. Claims updates covered a planned 2026 symposium, broker-applied fees, and ongoing reviews of aggregation and subsequent loss clauses. International updates included litigation funding developments, cyber clause reviews and upcoming legal opinions, while risk-code inconsistencies were noted as a barrier to performance analysis. Emerging risks discussions covered AI, US political factors and upcoming market briefings. Project Spring Clean continued, and members agreed to rename the committee US E&O and explore standardising profit commission clauses.