Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Pro MGA Global Solutions Announces Incubation Partnership With MGA Nirvana
Apr 18 2023 // Pro MGA Global Solutions, the independent managing general agent (MGA) incubator, announced its incubation partnership with specialty MGA Nirvana. Nirvana is led by CEO Kabir Chanrai and Executive Chairman Rob Jones, along...
Breaking it Down: What Florida Insurers Need to Know about Bad Faith After Tort Reform
Apr 18 2023 // Bad-faith litigation is a hot topic in Florida following the passage of the new tort-reform measure known as House Bill 837. However, even in the face of reasonable legislative changes, it remains important for insurers...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Apr 17 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch...
5 Things to Consider When Transporting Cannabis
Apr 17 2023 // When it comes to general insurance issues, cannabis-related businesses face the same general liability and property risks faced by other industries, like workplace accidents, damage to property, crop failure and...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Apr 17 2023 // Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions...
Maryland Lawmakers Approve Bill to Remove Time Limit on Child Sex Abuse Suits
Apr 11 2023 // Maryland lawmakers have passed a bill to end the state’s statute limiting when civil lawsuits over child sex abuse can be filed against public and private entities. Under the Child Victims Act of 2023, actions for...
Markets/Coverages: Berkley Select Enhances Middle Market Lawyers Pro Liability Coverage
Apr 6 2023 // To address the growing risks faced by middle market law firms, Berkley Select said it enhanced its lawyers professional liability (LPL) offerings, adding new coverages, more flexible policy forms and expanded...
NC Farm Bureau Can Keep $24 Million in Green Energy Tax Credits, Court Says
Apr 6 2023 // An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax assessment by the...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
Apr 4 2023 // State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn’t match the definition of “motor vehicle” in Florida statutes, a panel of the...
Texas Auto, Homeowners Premiums Grew Double Digits in 2022, Report Shows
Apr 4 2023 // The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out by the Texas Department of Insurance. Texas insurers reported direct premium written for private...
Bayer Defeats Merck in Lawsuit Over Talc Liabilities
Apr 4 2023 // A Delaware judge on Monday dismissed Merck & Co’s lawsuit seeking to hold Bayer AG responsible for more talc-related liabilities stemming from its $14.2 billion purchase of Merck’s consumer care business in...
Market Basket Owner Accuses Chubb of ‘Lowballing’ and Risking Further Liability
Apr 4 2023 // Insurer Chubb has been accused of “lowballing” offers in the settlement of an employee class action that the owner of a popular New England grocery chain was motivated to close out due to fears that further...
People Moves: Chubb’s O’Brien Named CRO, Ringsted to Lead Digital Business; Azzolino to Head The Hartford’s Global Specialty Digital Solutions
Apr 3 2023 // Chubb Limited announced that Frances O’Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1. O’Brien was senior vice president, Chubb Group, and deputy chief...
Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings
Apr 3 2023 // Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd., which include its wholly owned marine specialist subsidiaries Vessel Protect,...
People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team
Apr 3 2023 // This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for...
Exploring the Dos and Don’ts of Drones, Insurance-Wise
Apr 3 2023 // Drones are an increasingly popular hobby for adults and kids. And it’s all fun and games and cool videos until something glitches, and an out-of-control rack of spinning blades hits someone in the head. Or crashes...
U.S. Commercial Rates Increased in Q4 — But at Slower Pace: WTW
Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Architects & Engineers Market Sees Rising Claims Severity Amid Wave of New Projects
Apr 3 2023 // The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While design firms experience growth amid an expanding market, insurers providing architects and...
South Carolina Supreme Court Clarifies Law on Uninsured Motorists, Liquor Liability
Mar 30 2023 // The South Carolina Supreme Court on Wednesday handed down three opinions that resolve two questions about insurance law. One decision will probably disappoint auto insurers; another will please carriers in the liquor...
Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings
Mar 27 2023 // Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for...
