LMA - North American Errors and Omissions Committee

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North American Errors and Omissions Committee

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.

Committee

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Katie Clark

Executive, Technical Underwriting

Committee secretary

Andrew James

Chair

Nick Leighton

Deputy Chair

Key issues covered

The E&O Committee monitors and responds to emerging trends and developments affecting the North American market.

Education, legal and claims guest speakers

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

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.

Wordings

The E&OC helps to develop and issue LMA wordings for use across the market. To receive email notification of new wordings, please subscribe.

10 June 2020

LMA5506 – Communicable Disease Endorsement (For use on US Errors and Omissions policies)

Committee insights

Replay – Lloyd’s Wordings Repository (LWR) – Content Submission Demo Training

Two New Consumer Contingency Event Cancellation Wordings Published

Marine Cargo Cyber Exclusion with Physical Theft Confirmation Endorsement Published

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

View more events

Specie Market Education Forum

The Joint Specie Committee (JSC) will host an in-person education forum on Tuesday 11 November at 09.30 in the Old Library at Lloyd’s. The forum will include a committee update followed by a panel discussion on the California wildfires.

Worldwide Property D&F Forum

The LMA’s D&F Forum will explore current regulatory and coverage developments across the US property insurance market.

Insurance Insider London Market Conference

Sheila Cameron, CEO at the LMA, is speaking at this year's Insurance Insider London Market Conference.

Useful links

Competition Law Guidance

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.