Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Cyber Risk Strategies to Minimize Business Disruption, Control Liability and Litigation Exposure
Apr 15 2024 // Security threats are getting more sophisticated – and expensive – and this trajectory will continue. Digital footprints and technology usage will only keep expanding, adding to vulnerability and presenting more...
D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
Designated Premises, Operations and Projects Endorsements
Apr 15 2024 // In 2017, I developed a webinar called “Raiders of the Lost Coverage: Insurance Jones and the Temple of Exclusions.” It evolved from an earlier seminar I did with the late John Eubank, CPCU, ARM, called...
What Industry Executives Are Saying About Loss Reserves, Social Inflation
Apr 15 2024 // Executives at carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, discussed the “problematic accident years” and lines of business,...
People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Newline Europe Names Beckers as Head of Cyber Liability
Apr 10 2024 // This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire,...
Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance
Apr 10 2024 // Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product...
Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says
Apr 10 2024 // The Tennessee Supreme Court this week dealt a blow to businesses and insurance companies, finding that employers can no longer argue that direct negligence claims are barred when the business admits vicarious liability for...
Safeco Gets a Win in Underinsured Motorist Coverage Dispute
Apr 10 2024 // The Connecticut Appellate Court has ruled that an auto insurer is not obligated to pay underinsured benefits to make up the difference between the coverage limits available and the lower amount its insureds actually...
SC Bill, Passed by House, Would Let Captives Solve the Liquor Liability Squeeze
Apr 8 2024 // With one month left in the South Carolina legislative session, two bills designed to ease liquor liability insurance costs are evolving and moving forward. The state House of Representatives late last month voted 106-2 to...
How Lawsuits Over Baltimore Bridge Collapse Are Likely to Play Out
Apr 3 2024 // The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts...
People Moves: BHSI Appoints 3 for Transactional Liability, Claims and Customer & Broker Engagement Teams
Apr 2 2024 // Berkshire Hathaway Specialty Insurance (BHSI) named a new head of Transaction Liability in Canada and has also promoted two executives in Europe within the claims and customer & broker engagement teams. Chres Lee has...
Ship Owner in Bridge Collapse Seeks to Limit Its Liability
Apr 2 2024 // The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The...
Landlords and Their Tenant’s Liquor Liability
Apr 1 2024 // A landlord decides to lease a space in a retail strip center to a sports bar. The landlord’s commercial real estate representative sends the lease to the new prospective tenant to sign – it is a standard...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Apr 1 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
Florida High Court Clarifies Things. Ruling Could Cut Damages for Bars Serving Booze to Minors
Apr 1 2024 // Liquor liability insurers in Florida can contemplate potentially lower loss costs on policies, after a recent state Supreme Court ruling that clarified when bars and restaurants can be held partially versus completely...
Survey: Most Architects and Engineers Professional Liability Rates to Rise
Apr 1 2024 // Most insurers plan to increase architects and engineers (A&E) professional liability insurance rates for a third consecutive year, according to a new survey by Ames & Gough. The specialty insurance broker reported...
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy
Mar 29 2024 // It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according...
Titanic Law Helps Ship Owner Limit Bridge Collapse Liability
Mar 27 2024 // The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network...
Stacking Cracks: 30 Years of UIM Coverage Rules Are Wrong, NC Supreme Court Says
Mar 26 2024 // North Carolinians can no longer stack underinsured motorist policies to compare to liability limits in order to boost the amount of coverage in an accident, the state Supreme Court said last week in a decision that...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Mar 25 2024 // Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to...
