Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
U.S. Lawsuit Could Open ‘Giant Can of Worms’ in Amazon’s Fight Against Product Recalls
Jul 23 2021 // A U.S. safety regulator’s decision last week to sue Amazon.com Inc. could bring clarity to a question that has long befuddled courts and state legislatures nationwide: Who is responsible when a product bought from...
Senators Add Vaccine Misinformation as Reason to Alter Tech Firms’ Liability Protection
Jul 23 2021 // Two Democratic U.S. senators on Thursday will add to the stack of bills going after Section 230 – a law that protects tech companies from being sued over content posted by users – making such platforms...
Hippo Enters Commercial Insurance Market With Homeowners Association Product
Jul 23 2021 // Home insurtech Hippo is jumping into the commercial insurance market. The California-based managing general agency startup said its expansion will focus on “targeted commercial insurance” customers. Its first...
Beazley Enhances ‘Virtual Care’ Coverage for Growing Telehealth and Wellness Sector
Jul 22 2021 // Specialist insurer Beazley has enhanced its pioneering Virtual Care policy, which provides comprehensive protection against the interconnected risks facing digital health and wellness organizations. First launched in the...
Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’
Jul 22 2021 // When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner, when acting as receiver of an insolvent insurer, acts in a different capacity to his...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon
Jul 21 2021 // Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in recent years, according to an Aon report. The combination of challenged property experience,...
Medical & Commercial International Gets ‘In-Principle’ Nod to Form Lloyd’s Syndicate
Jul 21 2021 // edical & Commercial International (MCI), the specialist managing general agency, has received “in-principle” approval from Lloyd’s for Syndicate 1902 to underwrite business incepting on or after Jan....
Surplus Lines Insurers Report 21.9% Premium Hike in First Half of 2021
Jul 20 2021 // Surplus lines premium exceeded $24 billion and premium bearing transactions exceeded 2.6 million through the first six months of 2021, according to the 2021 Midyear Report of the U.S. Surplus Lines Service and Stamping...
Small Delaware Town Triples Police Liability Insurance
Jul 19 2021 // A small Delaware town has opted to triple its police department’s liability insurance, noting a rise in civil rights lawsuits. The Dewey Beach Town Council voted recently to increase the coverage from $1 million to...
TransRe Reorganizes Global Underwriting Structure, Promoting Key Leaders
Jul 19 2021 // TransRe has reorganized its global underwriting structure and promoted key leaders in the areas of Regional Markets, North America, Global Portfolio Management, Europe and Asia Pacific. In addition, it has restructured its...
The Safe Bet: Comparing the Admitted vs. Non-Admitted Insurance Markets
Jul 19 2021 // Why would anyone in their right mind choose an insurance market with no state guaranty fund protection? What makes the excess and surplus lines non-admitted insurance market a viable option? Well, I will tell you why I...
Condo Collapse: Everyone Will Point Fingers But Florida Laws Narrow Liability
Jul 19 2021 // The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building’s management as well as engineers, architects and others, according...
New Missouri Legislation Protects Insurers from Unreasonable Arbitration Awards, Findings
Jul 19 2021 // Missouri has enacted legislation that prohibits a claimant, tortfeasor, or any other party from using an arbitration award against any liability insurer that did not agree to the arbitration. The new legislation also...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom
Jul 16 2021 // Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines will combine to push premiums 10% above pre-COVID-19-crisis levels this year,...
Columbus, Georgia To Pay $500,000 To Settle 2017 Police Custody Death
Jul 15 2021 // A local government in Georgia agreed Tuesday to pay $500,000 to settle a lawsuit brought by the family of a Hispanic man who died in a struggle with police officers 2017. Columbus Council members met in closed session and...
SASSI Introduces Business Owner Policies for Salons & Spas
Jul 14 2021 // The Salon and Spa Specialty Insurance Agency, or SASSI, launched a business owners policy (BOP) for smaller salons and spas. The BOP is intended for boutique salons and spas with focused service offerings that may not need...
Burns & Wilcox Brokerage Opens Massachusetts Office, Adds Five in Northeast
Jul 14 2021 // Burns & Wilcox Brokerage, a business unit of H.W. Kaufman Group solely dedicated to complex wholesale property/casualty brokerage, has opened its newest office in Boston, Massachusetts, and added five brokers to its...
Canadian Municipalities Face Surging Liability Insurance Costs
Jul 13 2021 // TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance costs, forcing them to raise property taxes or even cut services for...
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services
Jul 9 2021 // Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies...
People Moves: Chubb’s Thanduparakkal to Hiscox, SCOR’s Prabis to Hiscox ILS; Tokio Marine HCC Int’l Hires 3 for Professional Risks
Jul 8 2021 // These International People Moves detail appointments at Hiscox and Hiscox ILS as well as three appointments at Tokio Marine HCC International’s Professional Risks team. A summary of these new hires follows...
