Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Insurance Agency Denies Liability for Misrepresentations Related to Shooting
Feb 29 2024 // A Pennsylvania insurance agency is denying allegations by owners of a Pittsburgh apartment building that it is liable for the denial of a 2023 fire insurance claim and cancellation of the property’s policy because of...
Embedded Business Insurance Agency Coverdash Raises $13.5 Million
Feb 29 2024 // Coverdash, which offers embedded commercial insurance technology with products for startups and small-to-medium businesses, announced $13.5 million in Series A funding. Coverdash’s technology package gives businesses...
People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks
Feb 23 2024 // This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance...
‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive
Feb 20 2024 // A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other...
Uber Sues Drivers’ Insurer Alleging Its Claims Practices Have Fueled Tort Litigation
Feb 20 2024 // Uber Technologies last Friday sued its drivers’ auto insurer for defense and indemnification regarding multiple lawsuits that are seeking to hold Uber vicariously liable for accidents involving some of its drivers in...
South Carolina Lawmakers Mulling Liquor Liability Fund to Ease Coverage Crisis
Feb 20 2024 // Businesses and homeowners will be familiar with insurers of last resort – the state-created, quasi-governmental organizations that provide property and liability coverage when the primary market won’t. These...
Extreme Weather, Cyber Risks Top Concerns When Insuring Farms
Feb 19 2024 // As risks from extreme weather, technology glitches and cyberattacks rise, so does the need for agricultural insurance that can cover a rapidly diversifying and evolving industry. “With the interest rates, production...
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Feb 15 2024 // Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Feb 14 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association...
Citing Immunity Law, Judge Tosses Body Parts Theft Claims Against Harvard
Feb 13 2024 // A Massachusetts Superior Court judge has dismissed negligence, infliction of emotional distress and other claims against Harvard and the operators of its medical school’s anatomical gift program by relatives of...
SiriusPoint Enters Strategic Partnership With MGU Ryan Specialty Nordics
Feb 13 2024 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership. SiriusPoint will support...
Prime Insurance Avoids $60M Judgment in Liposuction Death Case in Georgia
Feb 12 2024 // Prime Insurance Co. is not liable for $60 million in damages after two patients died following liposuction at a Georgia clinic, thanks in part to the clear wording of the insurance policy and timely action by the insurer,...
Texas Got Early Warnings About Costly Grid Policy, Records Show
Feb 7 2024 // Texas grid officials received repeated warnings last summer that their efforts to shore up the state’s increasingly strained electric grid risked driving up power prices, records show. Concerns first arose just days...
Markets/Coverages: Upland Starts Pro Liability E&O, Excess Cyber
Feb 7 2024 // Upland Capital Group said it has introduced two new liability products to its portfolio: Professional Liability Errors and Omissions as well as Excess Cyber Liability. The professional liability team is led by Kate Walas,...
People Moves: Burns & Wilcox Names Wood Head of Professional Liability Practice; Ryan Specialty Promotes Jankovic to Chief Audit and SOX Officer
Feb 6 2024 // Burns & Wilcox Names Wood Head of Professional Liability Practice Burns & Wilcox, headquartered in Farmington Hills, Mich., hired Andy Wood as vice president and practice group leader, professional liability. Most...
Hard Market Prices Continue
Feb 5 2024 // While not news to independent agents, commercial lines renewal rates rose again in the fourth quarter of 2023 — another sign that the hard market is here to stay — at least through 2024. According to the Ivans...
South Carolina Liquor Liability Market ‘Extremely Unprofitable,’ DOI Report Says
Feb 5 2024 // A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for...
Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective
Feb 2 2024 // The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion. Commercial lines record fourth quarter...
COVID Liability Immunity Includes Slips and Falls at Hospital – Alabama High Court
Jan 29 2024 // When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been...
Specialty Market ‘Particularly Attractive’; Reason to Pause Elsewhere: Berkley CEO
Jan 25 2024 // W.R. Berkley CEO W. Robert Berkley, Jr. said he’s still got eyes on the specialty market, but maintains a cautious, more disciplined outlook on some lines of business, such as professional liability—especially...
