Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: Global Indemnity Group Names Charlton CEO; DUAL Hires Marchica; Floyd to Alera Group
Apr 29 2021 // DUAL Transactional Risk Hires Marchica as Vice President for New York Team DUAL Transactional Risk, the newest underwriting team at DUAL North America, has hired Megan Marchica as vice president for its New York-based...
Houston’s Skyward Specialty Launches Healthcare Professional Liability Group
Apr 28 2021 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has launched its Healthcare Professional Liability practice led by Brenda Craig, April Gilcreast and Chantelle Burton. Underwriting will focus on...
Court Upends $6M Wisconsin Lead Paint Ruling But More Cases to Come
Apr 28 2021 // Peter Earle has been fighting for child victims of lead paint poisoning for more than 20 years and he and his fellow lawyers for the cause are not about to let another legal setback affecting three cases keep him from...
Texas Bill Would Require Disclosure on ‘Occupational Insurance’ Policies
Apr 28 2021 // Texas legislation requiring an occupational insurance policy to include a specified disclosure statement clarifying the policy is not a workers’ compensation policy has passed the state House of...
SEC Eyes Guidance on SPAC Projections, Clarity on Liability Shield
Apr 28 2021 // U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with...
N.D. Governor Signs COVID-19 Liability Protection Bill
Apr 27 2021 // North Dakota Gov. Doug Burgum on April 23 signed legislation that creates liability protections to shield health care providers, businesses and others from frivolous claims related to exposure to COVID-19. House Bill 1175...
GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court
Apr 27 2021 // GEICO Indemnity Co.’s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling last week by the Georgia Supreme Court. The high court’s 7-0 decision answered three...
COVID Liability Protection Bill for Businesses, Other Groups Heads to Governor
Apr 26 2021 // The South Carolina House is sending a bill preventing people with COVID-19 from suing businesses and other groups to the governor’s desk. The proposal protects businesses as long as they follow guidelines to protect...
For Some Buyers, Commercial Insurance Market Is Going to Get Better, Easier: Willis
Apr 23 2021 // North American buyers of commercial property/casualty insurance can expect an “ever-so-slight turn for the better” and a “less difficult marketplace” in the months ahead. However, global broker...
Insuring Cannabis Webinar Take Home: Carriers, Brokers Waiting on Sidelines
Apr 22 2021 // There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s...
South Carolina Gov, Business Groups Push for COVID Liability Protection
Apr 22 2021 // South Carolina’s governor is pushing state lawmakers to approve a bill that would prevent people who contract COVID-19 from suing businesses and other groups that have followed federal and state health guidelines. In...
COVID-19 Experiences Show Need for Employment Practices Insurance
Apr 21 2021 // As soon as the first community was shut down to slow the spread of the coronavirus or the first announcement of a safer at home order by a governor, some of us saw the storm of suits coming related to the loss of business...
Cannabis Risk Management Group Rolls Out Coverages Through Captive
Apr 20 2021 // A cannabis risk management group through its captive is rolling property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. The National Cannabis Risk...
South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns
Apr 20 2021 // JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million rand ($17.5 million) in the first year, the health minister said in...
Florida Drives Toward Repeal of Motor Vehicle No-Fault Law
Apr 20 2021 // After many years of trying, Florida is closer than ever to repealing its 50-year-old motor vehicle no-fault law. However, many industry stakeholders have expressed opposition to the legislation passed by the Florida Senate...
Transportation Insurer Lancer to Merge Into Core Specialty
Apr 19 2021 // Commercial auto insurer Lancer Insurance Co. has agreed to merge with another specialty insurer, Core Specialty, where it will operate under its own brand name as Core Specialty’s ninth specialty property/casualty...
Proximity Protect Brokerage Targets Coworking, Flex Space Industry
Apr 19 2021 // Workspace management software company Proximity Space Inc. has launched Proximity Protect, a specialty, nationwide insurance brokerage offering coverage for coworking and flex space operators, members and...
Declarations
Apr 19 2021 // Virus Lawsuit Liability “This is the most aggressive COVID liability bill in the United States of America. What this bill does is says, ‘If you’re doing the right thing, you’re...
P/C Insurers Show 2020 Underwriting Profits Despite COVID-19: Fitch
Apr 19 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
Apr 16 2021 // Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an...
