primary liability News

ACE Launches Global Primary Casualty Unit for U.S., Canadian Multinational Companies

ACE has launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing …

Allied World Europe Expands Primary Professional Liability Product Suite

Allied World Europe has enhanced its suite of professional liability products to include primary capabilities. The new offering, Allied World Secure, consists of five products which cover a range of primary and excess liabilities, including Allied World Secure Warranty & …

Allied World Launches Primary EPL Product

Allied World Bermuda has launched a new primary employment practices liability (EPL) product for companies needing a comprehensive coverage package. The product, 32°/64°, offers flexible retention options and built‐in punitive and exemplary damages coverage, thereby removing the need to purchase …

Supreme Court Defines Primary Liability in Mutual Fund Prospectus Case

Janus Capital Group Inc. and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in prospectuses for several Janus mutual funds, the U.S. Supreme Court ruled Monday. By a 5-4 vote in a narrow …