Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: RT Specialty’s Fagan Promoted; Baez Joins Berkley Construction Professional
Sep 14 2021 // RT Specialty Promotes Fagan Within Environmental and Construction Professional Practice Joseph Fagan has been promoted to account manager within the environmental and construction professional (ECP) practice of RT...
People Moves: InsureGood Hires Taylor, Berkley Construction Professional Hires Baez
Sep 9 2021 // Connecticut’s InsureGood Hires Taylor as Vice President of Business Development Hartford, Connecticut, insurance and risk management consulting firm InsureGood hired Carrie Taylor as vice president of business...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re
Sep 8 2021 // Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss...
Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S.
Sep 6 2021 // Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its...
Insurance Industry Keeping Up With an Energy Market in Transition
Sep 6 2021 // Last year was a wild one for the energy sector. There were, of course, COVID-19 related issues. The sector also dealt with continuing pressure on insurer capacity for some energy sectors due to environmental concerns, oil...
Insuring Commercial Drones: Liability or Opportunity?
Sep 6 2021 // Developments in drone technology are often heralded as having the potential to change the landscape of business operations, most prominently in the consumer goods shipping sector. Yet, the development of federal regulation...
Unintended Consequences
Sep 6 2021 // Sometimes, in responding to coverage requests or loss exposure identification, we make decisions that may result in unintended (often bad) consequences. Too often, these decisions involve what I refer to as “premium...
Veterinarian-Turned-Insurance-Pro Sees Practitioners Thriving But Stressed
Sep 6 2021 // The country’s veterinarians have weathered the pandemic better than many businesses. Many were able to keep their practices operating from early on and have not had to worry about lost income like restaurants, gyms...
With Federal Legalization Expected, Cannabis Insurers Get Ready
Sep 6 2021 // Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. While 36 U.S. states and...
Judge Will Approve Purdue Bankruptcy Plan, Freeing Sacklers From Future Liability Suits
Sep 2 2021 // A U.S. judge said on Wednesday he would approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company’s wealthy...
People Moves: C3 in California Launches Construction Division with Heidemann, Hallett, Porlas, Shea
Aug 31 2021 // C3 Risk & Insurance Services in San Diego, Calif. hired four insurance industry veterans to establish new construction and surety divisions. The new team members to the construction and surety divisions are: Paul...
Veterinarian-Turned-Insurance-Pro Sees Practitioners Thriving But Stressed
Aug 27 2021 // The country’s veterinarians have weathered the pandemic better than many businesses. Many were able to keep their practices operating from early on and have not had to worry about lost income like restaurant, gym and...
Paying an Appraisal Award Doesn’t Always Bar Prompt Payment Liability: 5th Circuit
Aug 24 2021 // Considering two principal questions in an insurance dispute between Texas homeowners and their insurance carrier, the U.S. Court of Appeals for the Fifth Circuit handed each party a win and a loss. The dispute in Randel v....
Bankruptcy Judge Says Purdue Pharma’s Sacklers Face ‘Substantial’ Liability Risk
Aug 24 2021 // The judge overseeing Purdue Pharma’s bankruptcy said on Monday that some members of the Sackler family who own the OxyContin maker face a “substantial risk” of liability and could be on the hook for...
Maine Enacts Law That Will Ban Use of ‘Forever Chemicals’ in All Products by 2030
Aug 20 2021 // Maine last month enacted a law that makes it the first U.S. state to ban the use of PFAS, or per- and polyfluoroalkyl substances, in nearly all products. PFAS are commonly referred to as “forever chemicals”...
With Federal Legalization Expected, Cannabis Insurers Quietly Get Ready to Roll
Aug 20 2021 // Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. While 36 U.S. states and...
People Moves: ClearPath Promotes Mudd; Beecher Carlson Adds O’Reggio
Aug 18 2021 // ClearPath ClearPath Mutual Insurance Company has promoted Jo Jo Mudd to Underwriting Manager. Mudd joined the company in 2010 when it was KESA, The Kentucky Workers’ Compensation Fund, as a Senior Underwriter. Most...
Sacklers: Purdue’s ‘Moral Responsibility’ to Pay for Opioid Crisis Tied to Liability Shield
Aug 18 2021 // A member of the Sackler family that owns Purdue Pharma testified on Tuesday that his family bears a “moral responsibility” to help abate the U.S. opioid crisis but said it will not contribute financially to the...
Risk Strategies Acquires Florida Medical Malpractice Liability Firm Danna-Gracey
Aug 16 2021 // Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Danna-Gracey, a specialist in medical malpractice insurance headquartered in Delray Beach, Florida. Terms of the deal were...
Takeaways from Our Conversation about Cannabis Product Liability Suits Worth Watching
Aug 16 2021 // Powered by InsuranceJournal.tv If you ask just about any insurance pro or risk manager to list the top exposures for a company, being sued is likely to be right up there. And if you boiled that down into another list,...
