Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Chubb CEO Greenberg Warns Retroactive Measures Would ‘Bankrupt’ Insurance Industry
Apr 16 2020 // Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the...
Businesses Warn Fear of Lawsuits Could Stall Rebooting of Economy; Urge Coordination
Apr 15 2020 // Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy. Returning America to work will require coordination...
BHSI Expands Cover for UK Financial Institutions with D&O and Civil Liability Policies
Apr 14 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has introduced two new policies tailored specifically for UK financial institutions: Professional First Financial Institutions Civil Liability Insurance, and Executive First...
BHSI Launches Management Liability & Association Liability Cover in New Zealand
Apr 13 2020 // Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its executive & professional lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
4 Ways COVID-19 Will Change Cannabis and Insurance
Apr 9 2020 // One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a...
Anticipated Coronavirus Claims Scenarios Across Major Coverage Lines: Viewpoint
Apr 9 2020 // As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations
Apr 9 2020 // More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive...
UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
Apr 7 2020 // Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced...
BHSI Launches Professional Technology Liability Cover in Australia, New Zealand
Apr 6 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional...
Insurers Report Uptick in Claims Against Architects and Engineers
Apr 6 2020 // Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a...
New Orleans Officials, Developer Clash over Demolition of Collapsed Hotel
Apr 2 2020 // Plans to demolish the Hard Rock Hotel in New Orleans, which partially collapsed in October, remain in limbo as the city and developers disagree over how to safely bring down the structure. Among other things, the...
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan
Apr 2 2020 // Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much...
Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis
Apr 1 2020 // An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and commercial auto policies to help them get through the coronavirus...
What Florida Agents Need to Know During Coronavirus Crisis
Apr 1 2020 // Watch the Full Interview Powered by InsuranceJournal.tv Florida is a catastrophe-prone state when it comes to weather, but the challenges that come from a non weather-catastrophe like the current COVID-19 pandemic bring...
We Oppose Nearly Every Government Insurance Program. We Could Support One for Pandemics.
Mar 26 2020 // Over the eight years of our existence, the R Street Institute has offered critiques of government-backed entities that provide insurance or reinsurance for flood, crop, windstorm, earthquake, auto, workers’ comp,...
Coronavirus and the CGL
Mar 25 2020 // Although the Virtual University has not received questions regarding how the commercial general liability (CGL) policy will respond to the coronavirus (COVID-19), the CGL’s response must still be understood. Various...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus
Mar 25 2020 // As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A....
Coronavirus and the Auto Exposure
Mar 24 2020 // Over the last several days the VU has fielded several auto insurance related questions. These questions cannot be classed simply as personal auto or business auto questions because the most common question involves both...
Michigan’s Top Court: Jury Should Decide Liability in Case of Woman Hurt at Party
Mar 24 2020 // It might be the most talked-about Christmas party at the Michigan Supreme Court. The justices on Friday let stand an appeals court decision and said a jury should decide whether an Oakland County couple is liable for a...
