Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Next Insurance Adds 24 States to Its Workers’ Compensation Market Map
Oct 1 2020 // Next Insurance has expanded its workers’ compensation offering into 24 additional states, including Arizona, Connecticut, South Carolina, Indiana and Virginia. The digital small business insurer said that the...
Vermont Department of Economic Development Hires Nevins
Oct 1 2020 // The Vermont Department of Economic Development (DED) has hired Brittany Nevins as the new Captive Insurance Economic Development director. She replaces Ian Davis, Vermont’s former director of Financial...
COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks
Sep 30 2020 // Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks,...
HUB to Offer InsuraGuest Small Claims Hospitality Product to Hotel Clients
Sep 29 2020 // Hub International Limited (HUB), and InsuraGuest, Inc., have partnered to offer InsuraGuest’s Hospitality Liability coverage to HUB hotel clients in the U.S., with plans to expand to HUB’s clients in Canada by...
Florida Supreme Court Caps High School Shooting Liability at $300K
Sep 29 2020 // The Florida Supreme Court ruled Thursday that a school district can’t be forced to pay more than $300,000 total to the victims or their families in the Parkland high school massacre that left 17 people dead and...
Even Failed Claims Against Nurses Cost Insurers $20K, Liability Study Shows
Sep 28 2020 // Liability claims that involve nurses cost an average of $210,513 if a large indemnity payment is made, but even claims that are dropped, defeated or dismissed end up costing more than $20,000, according to a report...
Beazley Expands Life Sciences Insurance Offering in UK
Sep 28 2020 // Specialist insurer Beazley has enhanced its life sciences insurance offering in the UK with the launch of a new policy designed to protect the sector’s small and start-up research & development-focused...
Opinion: Missouri Appeals Court Ruling Shrinks Insurers’ Right to Intervene
Sep 28 2020 // The Western District of the Missouri Court of Appeals has again construed the effect of the 2017 amendments to Mo. Rev. Stat. § 537.065, which gave insurers a limited right to intervene and protect their interest when...
EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims
Sep 28 2020 // European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. The...
Michigan House Passes Bills Shielding Employers from Virus Lawsuits
Sep 25 2020 // A divided Michigan House voted on Sept. 23 to shield health providers and businesses from coronavirus-related lawsuits filed by patients, employees or customers, advancing bills that majority Republicans said would give...
Boston Insurance Brokerage Appoints Driscoll as CEO
Sep 25 2020 // Boston Insurance Brokerage LLC (BIB) has appointed Keith Driscoll as CEO. Driscoll has been a member of the BIB team since 2013, beginning as vice president of the Workers’ Compensation Division before being promoted...
What Ever Happened to Hedge Fund Reinsurers?
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of...
Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
Sep 25 2020 // Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished...
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade
Sep 24 2020 // Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the...
Berkshire Hathaway Guard Expands Professional Liability Products Into Multiple States
Sep 24 2020 // Berkshire Hathaway GUARD Insurance Companies has further expanded its professional liability products including coverage for lawyers, architects and engineers, accountants, as well as nearly 100 other classes of...
Justice Department Set to Unveil Plan to Limit Internet Firms’ Liability Protections
Sep 23 2020 // The U.S. Justice Department will unveil later on Wednesday a proposal that seeks to limit legal protections for internet platforms on managing content, a person briefed on the matter confirmed. The proposal, which takes...
Confident Russia Vows to Shoulder Some of the Legal Liability of Its COVID-19 Vaccine
Sep 23 2020 // Russia is so confident in its COVID-19 vaccine that it will shoulder some of the legal liability should anything go wrong, rather than requiring buyers to take on the full risk, the head of the state fund bankrolling the...
Berkshire Hathaway Specialty Taps AIG’s Hamon, Batchili for Executive Team in France
Sep 22 2020 // Berkshire Hathaway Specialty Insurance (BHSI) is entering the executive and professional insurance lines market in France and has appointed Olivier Hamon as head of Financial Institutions and Management Liabilities and...
Beazley Beefs Up Executive Risk Team in U.S. with 6 More Recruits
Sep 22 2020 // Specialty insurer Beazley has expanded its underwriting and claims presence in the U.S. with new hires for its Executive Risk team that focuses on board-level risks facing businesses and their executives. Elizabeth...
COVID-19 Vaccine Makers Expect EU Liability Shield for Unexpected Side-Effects
Sep 22 2020 // Vaccine makers will be indemnified in Europe if their COVID-19 shots cause unexpected side-effects, an industry official said on Tuesday, as nearly 40 firms pursue talks on possible authorisation for shots in...
