Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Idea Exchange: Missouri Court Rulings Conflict with Insurer Right to Intervene Protections
Oct 18 2019 // The Western District of the Missouri Court of Appeals recently issued opinions that effectively strip any practical effect from a Missouri amendment made to provide certain protections to insurers. In Aguilar v. GEICO Cas....
London-Based MGA Castel Specialty Enters Construction and Engineering Market
Oct 17 2019 // Castel Specialty, the London-based division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has entered the construction and engineering market, primarily focused on the UK, North America,...
Bipartisan Group Calls for Pulling Internet Firms’ Liability Immunity
Oct 17 2019 // A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to replace the North...
Higher Than Usual Number of Items Could be Added at California Surplus Export List Hearing
Oct 16 2019 // Getting items on California’s surplus lines export list is no easy task. Just ask Ben McKay, executive director of the Surplus Line Association of California. McKay can recall only a few coverages that have been...
Why Big Internet Firms Think They Should Remain Shielded from Content Liability
Oct 16 2019 // A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc.’s Google unit and social media site Reddit Inc....
Does the Cloud of Vaping-Related Injuries Portend a Storm of Litigation? – Cannabis Industry Alert
Oct 15 2019 // Electronic cigarettes and vaping have been heralded by many as a safer alternative to smoking traditional cigarettes. A recent outbreak of illnesses allegedly related to vaping, however, has ignited public hysteria and...
Berkshire’s MedPro Acquires Swiss Re Corporate Health Care Liability Business
Oct 14 2019 // Berkshire Hathaway health care liability insurance unit MedPro Group has agreed to acquire the healthcare professional liability business of Swiss Re Corporate Solutions effective Oct. 11. The agreement includes hospital...
California Export List Hearing for Surplus Lines Slated for November
Oct 11 2019 // Parametric earthquake coverage and terrorism coverage are among the potential items on the 2019 Export List hearing being held next month by the California Department of Insurance. Adding a risk or coverage to the export...
Munich Re Backs Small Business Insurtech Next Insurance with $250 Million
Oct 7 2019 // Insurtech Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its small business insurance...
How Emerging Risks for Medical Device Manufacturers Create Opportunities for Agents
Oct 7 2019 // The medical device industry is an expanding market with significant growth forecasted over the next decade. According to KPMG data, global predictions reveal the life sciences sector will grow by more than 5% per year,...
Berkley DP to Offer $1M Per Project Primary Limits to Design Professional Insureds
Oct 4 2019 // Berkley Design Professional (Berkley DP), a division of Berkley Alliance Managers, a Berkley Company, now offers per project primary (PPP) limits of $1 million for Berkley DP policyholders. This $1 million limit applies to...
XPT Group, Watford Insurance Launch Trucking Program for Underserved Risks
Oct 2 2019 // W.E. Love & Associates, LLC, a subsidiary of XPT Group LLC, has launched a new Platinum Trucking program with Watford Insurance Co. to offer coverages for high-quality, experienced trucking firms that just miss being...
Switzerland’s Helvetia to Begin Underwriting Worldwide Aviation Insurance in October
Sep 30 2019 // Helvetia Specialty Lines CH & International announced it will begin writing aviation insurance in October. Helvetia’s aviation team will offer worldwide insurance coverage for passenger liability, third-party...
Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch
Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
Sep 20 2019 // The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s...
Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles
Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Gallagher Hires Kambos to New York Management Liability Practice
Sep 12 2019 // Gallagher, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Ill., has hired Mike Kambos as its area senior vice president for New York’s Management...
Canadian Insurtech Apollo to Offer Educators Liability Coverage in California
Sep 12 2019 // Apollo Insurance Solutions, a Canadian insurance marketplace, has entered the American market with a liability insurance product tailored for educators in California. The product allows consultants, instructors, and...
Hula Hoop Tree Raises Liability Concerns for Iowa County
Sep 11 2019 // Liability concerns have been raised about the Hula Hoop Tree that sits alongside a county road in eastern Iowa. The Jones County Board of Supervisors was scheduled to discuss the concerns at the board meeting in Anamosa....
