Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Advisor Drops Opposition to Tesla Director After Change in D&O Insurance
Sep 3 2020 // Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc.’s investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June. Glass...
Insurance Plays Key Role in Civil Rights Settlements Against Law Enforcement
Sep 2 2020 // Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who...
AXIS Partners With AllDigital Specialty MGA on Small Business Platform
Aug 31 2020 // AXIS Insurance and AllDigital Specialty will launch an insurance platform designed for the U.S. small private company management liability market. AXIS will utilize AllDigital’s technology to quote, bind and issue...
Limited Liability Protection for Drugmakers Hampers EU Coronavirus Vaccine Deals
Aug 26 2020 // The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering deals and contrasts...
Lawyers Urge Use of ‘Vaccine Court’ Over U.S. Injury Compensation Fund for Coronavirus
Aug 24 2020 // A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used to address any...
Lockton Adds Henry to Transaction Liability Team in California
Aug 24 2020 // Lockton has added Philip Henry to its transaction liability. Henry is based in San Francisco, Calif. He is a former mergers and acquisitions attorney and representations and warranties insurance underwriter whose practice...
Tennessee Gov Signs COVID-19 Business, School, Nursing Home Liability Law
Aug 20 2020 // Tennessee Gov. Bill Lee has signed into law sweeping protections for businesses, schools and nursing homes against coronavirus lawsuits. Lee on Monday touted the legislation as “historic” and argued the law...
Constructing a Post-Pandemic Construction Market
Aug 19 2020 // The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and...
Nevada Governor Signs Business Liability And Worker Protection Bill
Aug 14 2020 // Nevada Gov. Steve Sisolak has signed legislation expanding workplace safety protections for hotel and casino employees and shielding businesses that follow health directives from coronavirus-related...
Drugmakers Shielded from COVID Vaccine Liability But Funds for Injury Claims in Doubt
Aug 14 2020 // Americans who suffer adverse reactions to coronavirus vaccines that the U.S. is racing to develop will have a hard time getting compensated for injuries from the drugs. That’s because pandemic-related claims for...
Calif. Court Rules Amazon Liable Like Other Retailers for Defective Products
Aug 14 2020 // Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace, a California state appeals court ruled on Thursday. The decision overturned...
Explainer: Assessing Liabilities from Massive Mauritius Oil Spill
Aug 14 2020 // A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000 tonnes of fuel oil and triggering a state of “environmental emergency.” Scientists...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
Viewpoint: Michigan Auto Insurance Reform Is Here. Agents, Are You Ready?
Aug 12 2020 // Finally, there is good reason to believe Michigan will drop the infamous distinction of being the one of the most expensive states in the country in which to insure a vehicle. As of July 2, the state’s drivers now...
McConnell’s Coronavirus Liability Shield Could Be Bargaining Chip in Relief Negotiations
Aug 11 2020 // Senate Majority Leader Mitch McConnell’s insistence that legal liability protections for businesses, schools and colleges be included in any new coronavirus relief bill is approaching a moment of reckoning. Warning...
Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability
Aug 11 2020 // The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has befouled the white-sand...
R&Q Acquires 35% Interest in New York-Based Tradesman Program Managers
Aug 10 2020 // Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to merge its wholly owned subsidiary, Sandell Re Ltd., with Tradesman Program Managers LLC in return for a 35% interest in the combined...
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic
Aug 10 2020 // What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second quarter, an increase of 49% compared to the prior year quarter. Underwriting income...
Why Condominium Associations Should Consider Risk Management and Financing with Caution
Aug 10 2020 // Insurance for a condominium association is designed to finance the insurable exposures for the association. These exposures include the property and several liability exposures, including what would be covered by a...
Nevada Passes COVID-19 Liability and Worker Protection Deal
Aug 7 2020 // Nevada lawmakers voted to shield certain industries from coronavirus-related legal liability and require hotels and casinos to enact worker protection measures after days of complicated negotiations with Gov. Steve...
