Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Western U.S. Wildfires Have Made Insurance for Contractors a Tough Buy
May 25 2021 // Things look bad with California’s ever-sooner wildfire season seemingly approaching and what’s shaping up to be a severe drought across the Western U.S. The plague of wildfires in the past few years in...
How to Manage Social Media Liability in the Workplace: RIMS
May 25 2021 // “I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have...
California’s Harsh EPLI Landscape Made Worse by COVID
May 24 2021 // It’s common knowledge that the employee practices liability insurance arena nationwide has been unfriendly to buyers. Earlier this year, a survey of 20 EPLI carriers showed 15 reported rate increases for the line...
Debate Over Liability Holds Up Self-Driving Car Legislation in Senate
May 24 2021 // A debate over who to blame — or sue — when a self-driven car hits someone is holding up legislation the industry says it needs to advance. “If another driver hits you, it’s clear who the driver...
People Moves: Lockton Transactional Team; Marsh Counsel; Kemper Chairman; BMS Re CFO; AgriSompo North America
May 21 2021 // Lockton is bolstering its transaction liability team with key hires across the three transaction liability insurance product lines: Representations and Warranties Insurance, Tax Liability Insurance and Contingent Liability...
Anderson Benson of Tenn. Appointed Lloyd’s Coverholder for Media Liability E&O Program
May 20 2021 // Anderson Benson, a Nashville-based independent insurance and risk management broker, has been appointed as a coverholder by Lloyd’s of London for a worldwide media liability errors and omissions (E&O) program...
ISC Launches General Liability Program for Gig Economy Contractors
May 19 2021 // Integrated Specialty Coverages (ISC), a multi-line program administrator that builds end-to-end insurance products with artificial intelligence (AI) engineering and data analytics, has launched a new general liability...
Texas Commercial Vehicle Crash Liability Bill Advances in Senate
May 18 2021 // People affected by crashes causing bodily injury or death involving commercial motor vehicles would find it harder to win damages from companies under a bill that was approved by the Texas House and is making its way...
CFC Reps & Warranty Product Supports Transatlantic Mergers, Acquisitions
May 18 2021 // CFC has enhanced its transaction liability services with the launch of a product designed to support North American buyers purchasing a UK or European target business. CFC said its transatlantic suite of transaction...
The Potential Liabilities for Cities, Insurers from Florida’s New ‘Anti-Riot’ Law
May 18 2021 // The right to protest in America is a fundamental right guaranteed by the First Amendment to the United States Constitution, which protects both the “freedom of speech” and the “right of the people...
Missouri Passes Bill Shielding Businesses from COVID-19 Liability
May 17 2021 // A legislative session that began amid a surge in coronavirus cases ended May 14 with Missouri lawmakers passing a legal shield against pandemic-related liability lawsuits as their final action. The House vote, taken barely...
People Moves: Hannover Re’s Bruns to Peak Re; AIG’s Nagra to BHSI; 4 Mosaic Hires
May 17 2021 // This wrap-up of international People Moves details recent appointments at Peak Reinsurance, Berkshire Hathaway Specialty Insurance and the new Bermuda-based insurer Mosaic. A summary of these new hires follows here. Peak...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 17 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
Social Inflation and Increasing Demands Drive Hard Market for Security Industry
May 17 2021 // As insurance markets harden across most lines, many in the industry are looking at the impact of social inflation: Increased litigation, broader contract interpretations and larger jury and settlement awards are driving up...
The Ups and Downs of Insuring Tribal Cannabis
May 17 2021 // There are numerous hurdles that cannabis businesses must get over to get properly insured – price, availability, exclusions, marijuana being federally illegal – but those hurdles may be multiplied for Tribal...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
May 14 2021 // Insurance Services Office (ISO) has released to Big I’s Virtual University the upcoming Homeowners’ multi-state filing tentatively effective beginning in March 2022. Yes, 2022. Eleven years have passed since...
People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
May 14 2021 // This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint. A summary of these new hires follows here. Oneglobal Broking, the London based...
Medical Professional Liability Market Facing Difficult Times
May 13 2021 // Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year of underwriting losses, according to a new AM Best report. According to the new...
Millers Mutual Insurance Expands Into North Carolina
May 13 2021 // Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North Carolina. As of July 1, 2021, Millers Mutual will offer property & casualty insurance...
First Indemnity to Offer Excess Professional Liability Coverage for Law Firms
May 12 2021 // First Indemnity Insurance Group, a specialty insurance agency providing professional liability products for lawyers and law firms, has launched Excess Protect insurance coverage for law firms of one to 750...
