Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes
Dec 1 2021 // When CVS Pharmacies, just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, announced that it was closing 900 stores around the country, some saw it as a sign of the...
Takeaways from Our Conversation on State Cannabis Regulations and Their Impact on Insurance
Nov 30 2021 // Powered by InsuranceJournal.tv Ever heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients are well aware of the term. The...
Florida Bill Would Extend COVID Liability Protection for Health Workers
Nov 29 2021 // A Florida Senate committee has drafted a bill that would extend health care providers’ COVID-19 liability protection for another 14 months. Committee Chair Sen. Danny Burgess The Legislature in 2021 created the...
Moody’s Analytics Launches Asset-Liability Management Tool for Insurance Investment
Nov 29 2021 // Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across...
People Moves: New Chief Claims Officers at Lemonade, IAT Insurance Group
Nov 24 2021 // Lemonade Appoints Burgess as Chief Claims Officer Lemonade, the insurance company powered by artificial intelligence, appointed Sean Burgess as chief claims officer. As part of this move, Burgess will be filling the role...
People Moves: Mosaic Launches London M&A Team, Hiring From Liberty Mutual, AIG; BHSI Promotes 2 in UK; Marsh’s Dubreuil to MGA Alta Signa in Brussels
Nov 23 2021 // This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe. A summary of these new hires follows here. Mosaic Launches London...
Report: Texas Still at Risk of Winter Power Failures
Nov 22 2021 // Texas is still at risk of power blackouts this winter in the event of extreme weather like the catastrophic February storm that buckled the state’s electrical grid and left millions of people without heat for days,...
Where Insurance Prices Will Moderate in 2022. And Where They Probably Won’t.
Nov 18 2021 // Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions Willis Towers Watson also...
West Virginia High Court Slams St. Paul Fire, Blocks California Suit
Nov 17 2021 // The West Virginia Supreme Court has decided that a trial court has the authority to reach across the continent and halt an insurance carrier’s litigation in California, a move that could affect other opioid-related...
Will Forever Chemicals, PFAS, Lead to Never-Ending Lawsuits?
Nov 16 2021 // Claims and regulatory actions involving per- and poly- fluoroalkyl substances (PFAS) are continuing to evolve at a rapid pace across the country. From the ongoing multi-district litigation in District Court of South...
People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team
Nov 15 2021 // Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for executive positions in its regional management, underwriting and risk consulting...
Commercial Liability Insurers Face Rise in False Claims Act Cases
Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney...
Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says
Nov 15 2021 // The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According...
When a Property Loss Extends to Liability in Senior Care Facilities
Nov 15 2021 // There’s a storm warning. It might be a hurricane, a tornado, a derecho, or a microburst. It doesn’t matter, they all have one similar characteristic, damaging winds. After the storm passes, whether a building...
Airbnb Adds Protection and Insurance Features With AirCover
Nov 12 2021 // Airbnb’s host and guest protections now include host damage protection, host liability insurance, and liability insurance for its Airbnb Experience customers. The coverages are now combined as part of an overall...
Insurers for High Crime Areas on Notice after Georgia Court Affirms $43M Verdict
Nov 12 2021 // A Georgia appeals court has upheld a $43 million premises liability verdict against the CVS Pharmacy chain, ruling that the company failed to take security measures to prevent the shooting of a patron in 2012. The case is...
Insurance leaders agree on challenges facing the industry
Nov 10 2021 // The 15 largest publicly-traded property and casualty insurers and reinsurers are all facing similar challenges as the year comes to a close. According to R Street’s review of Q3 2021 earnings calls, the top three...
Coalition Enters Executive Risk Insurance Market for Small Business
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
Compre Completes Acquisition of SiriusPoint’s Legacy Liability Portfolio
Nov 8 2021 // Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of SiriusPoint Ltd., having received all necessary regulatory approvals. The...
WTW’s Smith to Lead Chaucer’s Marine Specialty Division; NFP Names Beauchamp VP Commercial Lines; Insurtech BOXX Hires Steptoe as Global Chief Product Officer
Nov 2 2021 // This edition of International People Moves details appointments in at insurer Chaucer (in the UK), the broker NFP (in Quebec) and the insurtech BOXX (in Switzerland). A summary of these new hires follows here Chaucer...
