Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
A Dozen Items Slated to Be Considered for California Export List
Nov 20 2020 // More items are being proposed for the California Export List than in recent memory, including coverages for cyber, parametric products, earthquake, and COVID-19, according to a surplus lines expert. The California...
Berkshire Hathaway Specialty Promotes Rootenberg, Scully to Claims Leadership
Nov 19 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced a pair of promotions in its Executive & Professional Lines Claims group, naming Shelby Rootenberg as senior vice president, head of U.S. Commercial Lines (Public)...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?
Nov 17 2020 // As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently...
Texas Automobile Insurance Plan’s 4.8% Commercial Auto Rate Hike Approved
Nov 16 2020 // The Texas Department of Insurance (TDI) has approved the request by the Texas Automobile Insurance Plan Association (TAIPA) for a 4.8% increase in commercial auto rates, with an effective date of March 1, 2021. TAIPA...
Senior Living in a Post-Pandemic World
Nov 16 2020 // Property/casualty insurance for senior living facilities has taken a hit this year. The insurance market has been hardening for the last year or two, and the COVID-19 pandemic brought on a wave of new challenges that has...
Professional Liability Underwriters Feeling Pressure From COVID: AM Best
Nov 13 2020 // The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM Best report. With its...
HIIG Adds Public Company D&O Coverage, Picks AIG’s Bujosa to Lead
Nov 12 2020 // Houston International Insurance Group, Ltd., has expanded its management liability coverage offerings to include an excess public D&O (Directors and Officers) product. As part of this expansion, the company hired...
Frank Winston Crum Expands GL, Excess Programs into N.C., S.C., Tenn.
Nov 12 2020 // Frank Winston Crum Insurance (FWCI) has launched general liability and excess liability insurance programs in North Carolina, South Carolina and Tennessee to coincide with its previously available worker’s...
QBE North America Hires Berkshire Hathaway’s Fortin, Greeley for Financial Lines
Nov 12 2020 // QBE North America has appointed Dan Fortin as president and Todd Greeley as chief operating officer for Financial Lines. Both executives joined QBE NA from Berkshire Hathaway Specialty Insurance. With the hires, QBE NA...
Liability, Safety and Infrastructure Concerns Slow Development of Self-Driving Cars
Nov 5 2020 // Tesla recently made headlines with the beta launch of its Full Self-Driving system. That system comes with a disclaimer saying, “It may do the wrong thing at the worst time, so you must always keep your hands on the...
U.S. P/C Insurer Impairments Rise Slightly in 2019: AM Best
Nov 5 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Allstate Reports 26.7% Increase in Q3 Net Income to $1.13 Billion
Nov 5 2020 // The Allstate Corp. reported a 26.7% increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains. Allstate’s third quarter net income able to...
Analysis: Exit from Paris Agreement Creates Climate Liability for U.S. Businesses
Nov 5 2020 // The outcome of the U.S. general election is not yet clear. What’s been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one thing is certain:...
RLI Promotes Ahrens to VP, Inland Marine; Hartje to VP, Excess Liability
Nov 4 2020 // Specialty insurer RLI Corp., based in Peoria, Ill., has promoted Blake A. Ahrens to vice president, Inland Marine, and Bob W. Hartje to vice president, Excess Liability. Ahrens previously served as assistant vice...
AGCS Names Generali’s Baker as Regional Head of Liability for London, Nordics Unit
Nov 4 2020 // Allianz Global Corporate & Specialty (AGCS) announced the appointment of Luke Baker as the new regional head of Liability for Regional Unit London and Nordics. He will join AGCS, Allianz’s entity for large-scale...
Berkshire Hathaway GUARD Expands Architects & Engineers Coverage Into 3 States
Nov 2 2020 // Berkshire Hathaway GUARD Insurance Companies has expanded the list of states the company offers its architects and engineers professional liability product to include Colorado, Kansas, and Wisconsin. With these three...
Michigan Insurance Market at a Glance
Nov 2 2020 // The reform of Michigan’s auto insurance market, which went into effect on July 1, 2020, brought the promise of much-needed premium relief for Michigan drivers. An April 2019 study by the Insurance Research Council...
Integrated Specialty Coverages Launches Investor Property Insurance Program
Oct 30 2020 // Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address...
Nexus Specialty Adds Schneider, Fayette in Chicago
Oct 30 2020 // Nexus Specialty has hired Katie Schneider as assistant vice president, Management & Professional Liability, in the group’s Chicago, Ill., office. The company also named William K. Fayette, senior underwriter,...
