Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Florida Governor Signs Bill Limiting Skate Rink Liability
May 16 2023 // Florida’s governor has signed into law a bill that could help reduce premiums for the dwindling number of roller-skating rinks in the state. Senate Bill 1458, sponsored by state Sen. Clay Yarborough, R-Jacksonville,...
People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W
May 9 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta Signa Europe. A summary of these new hires follows here. BHSI Promotes Browne,...
3 Ways to Reduce Management Liability Risk
May 9 2023 // This post is part of a series sponsored by IAT Insurance Group. It’s a difficult time for businesses. Between a fluctuating insurance market and skyrocketing inflation, business leaders are under pressure to make the...
Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits
May 8 2023 // Coalition today said it launched a version of its Executive Risks Insurance products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated...
Overall Market Sees Greater Stability but Rates Still Up: Risk Strategies Report
May 8 2023 // Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
May 8 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their...
Texas Court: Exxon Covered by Contractor’s Excess Insurers
May 8 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
Insurance Could Help Drive Gun Safety Efforts, Survey Says
May 5 2023 // Three out of four Americans believe gun owners should be required to have firearm liability insurance, according to a recent survey. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77...
Fla. Solons Pass Accountability Bill, Banning Unexplained Changes to Adjuster Reports
May 4 2023 // After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability Act, codifying some best practices in claims handling and requiring more...
Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
May 4 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 3 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a...
People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
May 2 2023 // MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through...
Economic and Cyber Risks Lead Global D&O Concerns: Survey
May 2 2023 // At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according to the latest Directors and Officers Liability 2023 Survey released by Willis Towers...
Markel Returns to Q1 Net Income Profit on Investment Gains
Apr 27 2023 // Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a year ago. Net investment gains during the first three months were about $372.6 million compared to a loss of...
Pennsylvania Hospital Wins Second Shot at Equitable Relief in Medical Malpractice Case
Apr 26 2023 // A federal appeals court is giving a Pennsylvania hospital another opportunity to have $1.75 million of its medical malpractice insurance coverage restored. The $1.75 million represents the difference between the final...
Embroker: Business Insurance Shoppers Concerned With Startup Leadership Post-SVB
Apr 25 2023 // Following the closure of Silicon Valley Bank (SVB), VC-backed startups were increasingly looking for stronger protection in case their assets were compromised — specifically liability policies covering company...
Workers’ Comp Takes Bite Out of Employee Right to Sue Third Party: Pennsylvania High Court
Apr 20 2023 // A Pennsylvania employer cannot be sued for blocking an employee from suing the third party responsible for her workplace injury, the state’s high court has ruled in reversing two lower courts. In a case involving an...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity
Apr 19 2023 // Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange Commission regulations on environmental, social and governance disclosures (ESG) are...
People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance
Apr 19 2023 // Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information officer (CIO), Ascot U.S., headquartered in New York, New York. Williams has been working in the...
Texas Court: Exxon Covered by Contractor’s Excess Insurers
Apr 18 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
