Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
When Insurers Deny Claims, Brokers Are Next in Line for Allegations of Wrongdoing
May 19 2020 // In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19 outbreak, many affected businesses have turned to their insurers for coverage. This has led to a...
The Facts About Supposed ‘Illegal Acts’ Exclusions
May 18 2020 // Is the Insurance Policy Affected if the Business Opens Against a Governor’s Orders: The Facts About Supposed “Illegal Acts” Exclusions States have gone to war against some municipalities over COVID-19....
Italy to Protect Businesses from Liability if Workers Catch Coronavirus: News Report
May 18 2020 // Italian businesses that follow the health and safety rules are protected from liability in case returning workers catch coronavirus, the head of the country’s insurance association said in an interview with La...
Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey
May 18 2020 // The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in...
Declarations
May 18 2020 // Michigan Auto Rates “Michigan drivers have been paying some of the highest auto insurance premiums in the country and this independent report shows the bipartisan legislation is beginning to work.” —...
COVID-19 Clouding Cannabis Industry Pitfalls Amid Upbeat Outlook
May 18 2020 // The cannabis industry is being affected by COVID-19 much like other business sectors, but the complexities of this budding industry make its eventual recovery from the pandemic and ensuing economic fallout even harder to...
CorRisk Solutions Hires DeFelice to Lead Its A&E Professional Liability Team
May 15 2020 // Melville, New York-based managing general underwriter CorRisk Solutions has hired Christine DeFelice to lead its architects and engineers (A&E) professional liability team. DeFelice is based in CorRisk’s New York...
Few Coronavirus Liability Lawsuits Have Been Filed Thus Far
May 15 2020 // Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus. But so far, court records show...
Aon Forms Intellectual Property Liability MGA; Taps Lewis to Lead
May 15 2020 // Aon has established an intellectual property liability underwriting platform with levels of capacity it says is the largest known delegated capacity for the risk. IP underwriter Ian Lewis has joined the company to...
Oklahoma Senate OKs Bill Limiting Coronavirus Liability for Businesses
May 14 2020 // The Oklahoma Senate has approved legislation giving liability relief to essential businesses and those working to safely reopen, as well as a measure protecting manufacturers and people who make or donate materials related...
Here’s What Happened to Commercial Insurance Renewal Premiums in April
May 14 2020 // Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers’ compensation, which saw a premium decrease, according to the April results of...
Financial Trade Group, Stock Exchanges Resolve Broker Liability Database Dispute
May 14 2020 // A financial industry trade group said on Wednesday it resolved a dispute with U.S. stock exchanges that had threatened to hold brokers liable for any breaches of a new trading database controlled by the exchanges and the...
Norman-Spencer Agency Acquires Assets of Intercorp, BNK Insurance Services
May 13 2020 // Norman-Spencer Agency LLC (Norman-Spencer), a Dayton, Ohio-based program administrator and wholesale brokerage, has acquired the business assets of Intercorp Inc. and BNK Insurance Services. Terms of the deals were not...
Debate Over Business Liability in Pandemic Turns to OSHA Regulation, CDC Guidelines
May 13 2020 // Congressional Republicans have made liability protection for employers a nonnegotiable demand in any new coronavirus stimulus, but Senator Lindsey Graham, an ally of President Donald Trump, says that regulators have a role...
Texas’ Paramount GA Launches Online Platform for Transportation Risks
May 12 2020 // Tyler, Texas-based Paramount General Agency, a licensed program administrator with a focus on the long-haul trucking industry, has launched an online platform offering a multi-line suite of insurance products for its...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh
May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help
May 10 2020 // Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or nearly 20,000, of the nation’s COVID-19 deaths happening in these long term care facilities, according...
Oklahoma Bill Limiting Healthcare Providers’ COVID-19 Liability Heads to Governor
May 7 2020 // The Oklahoma Senate has passed legislation previously approved by the state’s House of Representatives that would limit liability for healthcare providers and facilities responding to the COVID-19 pandemic. Senate...
Willis Paints COVID-19 Insurance Loss Big Picture: It’s a Wash or Historic Catastrophe
May 7 2020 // If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. It not, the industry may be on the verge of an historic...
Pennsylvania’s Leech Tishman Fuscaldo & Lampl Hires Sampson as a Partner
May 7 2020 // Leech Tishman Fuscaldo & Lampl LLC has hired Michael H. Sampson as a partner in the Litigation Practice Group. Sampson will also serve as chair of the firm’s Insurance Coverage Group as well as co-chair of the...
