Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Reshaping Claims Trends
Oct 19 2020 // The COVID-19 pandemic continues to alter how we work and live across the globe. It is also altering claims trends and risk exposures. According to a new report, Covid-19 – Changing Claims Patterns, from Allianz...
U.S. Treasury Warns Cyber Liability Insurers Against Paying Ransomware Demands
Oct 19 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
New York’s NFP Hires Pendergast to P&C Division as Senior Vice President
Oct 16 2020 // NFP, a New York, N.Y.-headquartered insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, has hired Andrew Pendergast to its P&C...
Malpractice Claims Against Hospitals Hold Steady But Severity Increases
Oct 16 2020 // The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health...
FCC Chief Vows to Advance New Social Media Company Liability Rules
Oct 16 2020 // Federal Communications Commission chairman Ajit Pai said Thursday the agency will move forward to set new rules to clarify the meaning of a key legal protection for social media companies. The announcement came as...
Lack of Clarity on Liability Could Cause Delay with WHO Coronavirus Vaccine Drive
Oct 16 2020 // BRUSSELS – Who foots the bill if people in poor countries fall sick with unexpected side-effects from coronavirus vaccines? It’s not clear and that’s a big problem in the battle to beat COVID-19. The World...
Michigan Legislature Passes Legal Liability, Unemployment Measures
Oct 15 2020 // Michigan’s Republican-led Legislature on Oct. 14 voted to keep intact longer-lasting unemployment benefits and other coronavirus-related orders issued by Democratic Gov. Gretchen Whitmer, while also striking a deal...
Indiana Court: Allstate Liable in Fatal Crash Because Victim Was a ‘Resident Relative’
Oct 14 2020 // The Indiana Supreme Court has ruled that Allstate must pay $25,000 in uninsured motorist benefits to the estranged husband of a woman who died while riding as a passenger in a car crash after moving back in with her...
Munich Re Specialty Launches E&O Covearge for Mid-Sized Law Firms
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in...
Nexus Adds E&S Market to Professional Liability Offering
Oct 9 2020 // Independent specialty managing general agent Nexus has added a Brit Syndicate to its US roster of carriers, giving it the ability to now underwrite its miscellaneous professional liability product on an excess &...
Calls for Reform Revived Over More Than A Century Old New York Law
Oct 8 2020 // A coalition of business advocacy and local government groups have renewed calls for reform to a New York law that has been on the books since the late 1800s. New York State Labor Law sections 240/241, known as the Scaffold...
No Action Yet on Trump Social Media Liability Proposal
Oct 8 2020 // The Federal Communications Commission has given no indication it will move quickly on an effort by President Donald Trump to narrow the ability of social media companies to remove objectionable content and require new...
DOXA Acquires AMS Professional Liability, Allsouth Professional Liability of Florida
Oct 8 2020 // AMS Professional Liability, a wholesale broker in the state of Florida, and Allsouth Professional Liability, a brokerage specializing in professional liability insurance in the southeastern United States, have been...
AXIS Insurance Adds 4 Senior Underwriters to Management Liability Team
Oct 7 2020 // Specialty insurer AXIS Insurance has hired four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as senior...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...
Worldwide Facilities Acquires New Jersey’s Hunt Jorgensen
Oct 5 2020 // Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Hunt Jorgensen LLC, a managing general underwriter specializing in professional liability...
Court Approves $800 Million Settlement For Las Vegas Shooting Victims
Oct 5 2020 // A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the 2017 Las Vegas Strip shooting that was the...
Homeowners Coverage Gaps? Here Are Some ‘Mower’
Oct 5 2020 // In 2018, the Insurance Journal published an article titled “Lawnmower Injuries Remain Source of Serious Injury and High Costs.” A study cited in the article stated each day during the mowing season, about 30...
Boston Insurance Brokerage Promotes Treen to VP of Finance and Administration
Oct 2 2020 // Boston Insurance Brokerage LLC (BIB) has promoted Casie Treen to vice president of Finance and Administration. Treen has been a member of the BIB team since 2011. She joined BIB as an intern while pursuing a degree in...
Judge Blocks Trump ‘Secretive’ Commission Report on Police and Civil Justice
Oct 2 2020 // Before a U.S. federal judge on Thursday halted the work of a Trump administration law enforcement commission – saying it had violated public meetings laws – the panel had been warned about shutting out public...
