Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Turnover, Inflation, Operating Costs Add to Insurance Woes for Senior Living Industry
Sep 4 2023 // Professional liability and property insurance are top of mind for senior living operators, who are experiencing a challenging market driven by high staff turnover, inflation and heighted operating costs. The cost of labor...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
Sep 4 2023 // At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At...
Skyrocketing Bodily Injury Claims Spill Over to Professional Liability Insurance Market
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by...
Update: 3M to Pay $6 Billion to Settle Military Earplug Lawsuits
Aug 29 2023 // 3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops. The company will pay $5 billion in cash...
3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs
Aug 28 2023 // 3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said. The settlement would avert a...
Employer Hosting Golf Outing Not Liable for Drunk Driver, Pennsylvania High Court Says
Aug 24 2023 // The Pennsylvania Supreme Court has declined to extend the state’s liquor liability law to social hosts. The high court cited a half-century of precedent in upholding lower courts in a case where an employer hosting a...
Insurer Berkley Wants Judge in Virginia to Toss $5.8M Jury Verdict Over Mold Claim
Aug 23 2023 // Berkley Assurance Co. is asking a federal judge in Virginia to throw out a $5.8 million jury verdict against it in a case where the insurer maintains a construction firm failed to notify it of its mold claim in a timely...
People Moves: Drogin Cyber Leader at Mosaic; Loney to Lead Specialty Casualty at DUAL North America
Aug 21 2023 // David Drogin will lead cyber business growth in the U.S. as Mosaic Insurance‘s senior vice president, head of U.S. cyber. He will report to Global Head of Cyber Yosha DeLong. Drogin will be responsible for leading...
Court Nixes Suit Over New Jersey Gun Liability Law, Says Challengers ‘Jumped the Gun’
Aug 21 2023 // A federal appellate court has dismissed a lawsuit challenging a New Jersey law that allows the state attorney general to bring “public nuisance” claims against gun manufacturers and others who market...
The Advance Pay Rule and Other Unique Aspects of Montana Claims Processing
Aug 16 2023 // This post is part of a series sponsored by AgentSync. Montana, aka the Treasure State. Known for its breathtaking views, sub-zero winters, and… an insurance claims process that rivals Florida in nuance? If you’re...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
Aug 16 2023 // At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At...
Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors
Aug 16 2023 // Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a...
Biden’s Carbon Proposal is Unworkable, Power Sector Warns
Aug 9 2023 // U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case
Aug 8 2023 // Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More...
AM Best Downgrades Alabama Muni Insurance Pool, Citing Law Enforcement Liability
Aug 7 2023 // The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law...
Challenges of Insuring Rentals and Multi-Unit Housing
Aug 7 2023 // The age-old question in insuring rentals and multi-unit housing is, “Who covers what?” Whether it’s owner-occupied housing or a landlord-tenant relationship, the changing landscape — from higher...
Fun Equals Risk. Sigh.
Aug 7 2023 // Those in the insurance industry tend to view everything through a lens of risk and responsibility. Sure, that game/sport/amusement/party looks like a good time, but what horrible thing could happen? And who is going to pay...
