Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Apr 5 2021 // See a need and then fill it. That’s the secret of most successful businesses — and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
Why Working at Home Brought New Risks for Agencies, Clients
Apr 5 2021 // In some recent Academy of Insurance classes, I’ve been asking people about their working situation. Most of the people I’ve been talking to transitioned for a while to the work from home space, and many are...
Kentucky Passes Liability Protections for Businesses, Healthcare Facilities
Apr 1 2021 // Kentucky lawmakers voted to shield businesses and health care facilities from coronavirus-related lawsuits as they hurried to finish work Tuesday before ending this year’s session. Beshear’s office said the...
COVID-19 Liability Shield for Arizona Businesses Advances
Mar 31 2021 // The Arizona House voted this week to give businesses, nursing homes and others a broad shield from lawsuits related to COVID-19. Republicans approved the measure in a 31-29 party-line vote, saying businesses struggled...
360 Coverage Pros Launches Tax Preparer Professional Liability Program
Mar 31 2021 // 360 Coverage Pros has launched a professional liability insurance program for tax preparers with an online application. The program features liability limits of up to $1 million and is designed for professionals providing...
COVID-19 Liability Bill for Florida Businesses, Healthcare Providers Signed by Gov
Mar 31 2021 // Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill signed by Republican Gov....
Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue
Mar 31 2021 // Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter. The...
RPS, AXIS Insurance Launch Coverage for Home-Based Businesses
Mar 30 2021 // E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online. The quote-bind-issue...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
People Moves: Cole from XS Brokers to Rockwood; Westchester’s Roberts, Fred C. Church’s Sanderson Promoted
Mar 30 2021 // Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed Carol Cole to chief marketing officer. In this role, Cole is responsible for marketing...
Florida Lawmakers Send COVID-19 Liability Protection Bill to Governor
Mar 29 2021 // Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill the House sent to...
Utah Passes Law Requiring Pilot Insurance Following Plane Crash
Mar 29 2021 // The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the Sept. 12,...
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders
Mar 26 2021 // Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of Professional Liability Insurance at its U.S. managing general agency, Hamilton...
Supreme Court Rejects Ford Stance in Product Liability Venue Dispute
Mar 26 2021 // The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of...
Battle Brews over Texas Bills Aimed at Commercial Vehicle Accident Lawsuits
Mar 25 2021 // A battle is brewing between trucking and insurance industry interests and trial lawyers in Texas over a pair of companion bills introduced in the Texas House and Senate that proponents say are aimed at providing...
W. Virginia Enacts COVID Liability Protections for Employers, Health Care Providers
Mar 25 2021 // West Virginia Gov. Jim Justice has signed a bill that protects employers, health care providers and others from being sued due to the coronavirus pandemic. The bill offers protection from COVID-19 lawsuits even if public...
Industry Loss Reserves Redundant by $28 Billion: Assured Research
Mar 24 2021 // Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that some hard market pricing...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims
Mar 23 2021 // Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euros ($93 million) toward legal settlements resulting from a 2017...
The Inflation Specter Looms for Property/Casualty Insurers
Mar 23 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Risk on Tap for Craft Brewers in a Pandemic World
Mar 22 2021 // Over the past decade, the craft brewing industry has been thriving. From big cities to small towns, niche breweries are growing into cult favorites or mainstream staples, and small taprooms are growing into brewpubs. You...
