Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Rising Climate Costs to Challenge Companies, Countries in 2023
Dec 15 2022 // In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere was this more apparent...
Uninsured Motorist Coverage Does Not Apply to Horse-Drawn Buggy
Dec 13 2022 // Delaware courts have never before been asked whether a horse-drawn buggy is a motor vehicle. Now a state court has definitively ruled that a horse-drawn buggy is not a motor vehicle. “The plain meaning of...
EPL Exposures Redefined Post Pandemic: PLUS Panel
Dec 13 2022 // Post-Covid changes in the workplace have created a slew of new issues and exposures for employers. From the changing attitudes toward job flexibility and accommodations to the need for employee training to prevent...
People Moves: Berkshire Hathaway Promotes Pair; Encova Foundation Adds Moore
Dec 5 2022 // Berkshire Hathaway Specialty Insurance Promotes Two U.S. Executive & Professional Lines Leaders Berkshire Hathaway Specialty Insurance has promoted two members on its U.S. executive and professional lines team in...
Update: Pickleball Explosion in Florida Creating New Hits and Misses for Insurers, Agents
Dec 5 2022 // If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms,...
Navigating the Brewery Market
Dec 5 2022 // The national labor shortage is disrupting businesses across the country, and the brewery industry is no exception. There are three million fewer Americans in the labor force today compared to February 2020, According to...
Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey
Dec 1 2022 // More than half of risk managers are significantly involved in their organization’s environmental, social and governance (ESG) efforts, but 77% believe they should take an active or more active role in ESG strategy...
Liability Finding in Ohio St. Football Standout Rape Allegation to be Appealed
Nov 29 2022 // An attorney is vowing an appeal for a woman found liable by a civil jury for malicious prosecution in a rape allegation she made against a former Ohio State football standout more than five years ago. The woman’s...
Mosaic Insurance Launches Frankfurt Office to Boost European Growth
Nov 29 2022 // Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch Ratings Fitch expects double-digit percentage premium...
West Virginia High Court Issues Slew of Rulings – Some For, Some Against Insurers
Nov 22 2022 // The West Virginia Supreme Court has handed down four decisions that could affect insurers’ payouts in auto, homeowners and worker injury claims. Non-employee Covered In Ball vs. United Financial Casualty Co., the...
Risk Strategies Acquires Texas’ Wallace Specialty
Nov 17 2022 // Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Wallace Specialty Insurance Group. Terms of the deal were not disclosed. Based just outside of Dallas in...
People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines
Nov 15 2022 // This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance...
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
Nov 10 2022 // A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial...
Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Nov 9 2022 // Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability,...
Insuring Cannabis Summit: 2023 Bringing Lawsuits, Higher Property Rates, More Products
Nov 8 2022 // Powered by InsuranceJournal.tv An increase in new markets, and better brand recognition and distribution from existing markets, has led to more competition in the insuring cannabis space. That’s a good for the...
Special Report: Corporate Chiefs Dodge Lawsuits Over Sexual Abuse, Deadly Products
Nov 8 2022 // Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Nov 3 2022 // Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time. Allstate’s Q3 combined ratio was an...
New Jersey Lawmakers Advance Bill Limiting Gun Carry, Requiring Liability Insurance
Nov 1 2022 // A New Jersey legislative committee voted to require liability insurance for gun owners and restrict where they could carry their weapons, moving what would be some of the strictest US firearms limits closer to becoming...
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Nov 1 2022 // This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines...
