Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks
Oct 2 2023 // Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings to environmental contractors and consultants, expanding the...
Hotel, Motel Markets ‘Dropping Like Flies’ As Outlook Remains Challenging
Oct 2 2023 // The hospitality industry has entered a new chapter. For those who weathered the recent near collapse of the sector, the American Hotel & Lodging Association entered 2023 with optimism that hotel room demand would...
What’s a Person Got to Do to Get a Drink in South Carolina? Bars, Eateries Closing for Lack of Affordable Liability Coverage
Oct 2 2023 // Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Oct 2 2023 // Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a new AM Best report. Best’s...
RT Specialty Expands RT Connector for Small Commercial Market
Sep 28 2023 // RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced its continued expansion of RT Connector, which provides digital solutions for...
Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers
Sep 28 2023 // Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave. States are increasingly passing biometric...
US Energy Regulator Recommends Revising Reliability Standards for Extreme Weather
Sep 25 2023 // The Federal Energy Regulatory Commission on Thursday [Sept. 21] recommended revising reliability standards for power grid and natural gas infrastructure to avoid issues during extreme weather, as part of findings from a...
As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
Sep 22 2023 // The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization...
Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
Sep 21 2023 // Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal...
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
Sep 21 2023 // Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective,...
Product Liability Cases on the Rise: Lex Machina
Sep 19 2023 // Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company,...
South Carolina Bars, Eateries Closing Down for Lack of Affordable Liability Coverage
Sep 18 2023 // Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto...
Delaware: Professional Services Exclusion Didn’t Bar False Claims Act Settlement
Sep 18 2023 // A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Sep 14 2023 // Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a new AM Bestreport. The new...
Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director
Sep 14 2023 // Markel, the insurance operation within Markel Group Inc., announced it is has hired an in-country leader for Australia and will open three new offices there in September 2023. These offices, in Sydney, Melbourne and...
People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk
Sep 12 2023 // This edition of International People Moves details appointments at Mosaic and Everest Reinsurance. A summary of these new hires follows here. Mosaic Expands Team of Underwriting Specialists in Canada Mosaic Insurance has...
Texas Power Grid Faces New Challenges Amid Summer Heat and High Demand
Sep 11 2023 // HOUSTON (AP) – Texas’ power grid has been under tremendous stress during this summer’s sweltering heat, with the state setting 10 new records for electricity demand. The grid`s reliability has been questioned...
Verizon Pays $4M to Settle Federal Cybersecurity Claims But Admits No Liability
Sep 6 2023 // Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology...
People Moves: Starr Names Magee VP, Int’l Head of Financial Lines & Professional Liability; Hub Int’l Taps Hartman as EVP, Strategic Client Service Operation
Sep 5 2023 // Christopher Magee Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business...
California Regulators OK More Gas Storage Capacity at The Site of Massive Methane Leak
Sep 5 2023 // California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from...
