Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
‘No Material or Sudden Changes’ in Commercial Insurance Pricing: WTW
Dec 4 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
An Apprenticeship
Dec 4 2023 // Recently, I spent a week learning about an entirely different industry than insurance. It was a great education. Along the way, I also learned about their insurance situation. As is common, provably common, about insurance...
Oregon Regulator to Investigate Pacificorp’s Request to Limit Wildfire Liability
Nov 30 2023 // Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as...
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Nov 30 2023 // Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
Nov 28 2023 // The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The pace of claims growth in...
Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account
Nov 28 2023 // Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin underwriting in the 2024 year of account. The SPA, called “AdA...
Markets/Coverages: CFC Upgrades Packaged Cyber Cover, Services for SMEs
Nov 22 2023 // Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses. Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover...
The Next Chapter: Employment Practices Liability
Nov 20 2023 // Employment Practices Liability (EPL) insurance has been available since the late 1980s. But it was not until September 1991 when the world witnessed the Clarence Thomas Supreme Court hearings and Anita Hill’s...
Revisiting Terrorism Issues
Nov 20 2023 // Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the...
Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks
Nov 17 2023 // Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head...
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Nov 17 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
Mom Not Liable in Son’s Crash of Family Car, Florida Supreme Court Says
Nov 17 2023 // Florida families and their auto insurers can rest a little easier after the state Supreme Court decided Thursday that a mom cannot be held vicariously liable for an accident caused by her son who had borrowed the family...
Florida Officials Pause Plan to Disband Pro-Palestinian Student Groups, Citing Liability
Nov 15 2023 // ORLANDO, Fla. (AP) — A plan to prohibit a pro-Palestinian student group from state university campuses in Florida has been temporarily shelved while officials reassess the proposal. State University System Chancellor...
WV High Court: Liability Coverage Due for Latent Disease, Even Years After Policy Dates
Nov 13 2023 // Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims...
Two-Thirds of North America Could Face Power Shortages This Winter
Nov 9 2023 // More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter due to lacking natural gas infrastructure, the North American...
Markets/Coverages: SURE Brings Commercial Coverage to South Carolina
Nov 8 2023 // SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its...
UK Weighs Criminal Liability for Self-Driving Car Companies
Nov 7 2023 // Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who...
Ohio Supreme Court Upholds Escape Clause in Progressive Auto Liability Policy
Nov 6 2023 // Acuity and Progressive Specialty Insurance Co. disputed who should pay after a 16-year-old boy borrowed a friend’s car and crashed it into a utility pole in Streetsboro, Ohio. The driver was insured by Acuity through...
Trucking in Transition: Sector Faces Decline in Demand, Rising Costs and Changing Insurance Markets
Nov 6 2023 // The transportation market is experiencing lower freight rates and excess capacity as fewer loads are shipped with demand for goods down from its pandemic-era peak. The trucking sector in particular is encountering...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit: AM Best Report
Nov 6 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
