Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Mar 11 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
Alabama Governor Signs Legislation Protecting IVF Providers from Legal Liability
Mar 8 2024 // MONTGOMERY, Ala. (AP) — Facing pressure to get in vitro fertilization services restarted in the state, Alabama’s governor swiftly signed legislation into law Wednesday shielding doctors from potential legal...
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mar 7 2024 // Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber...
3 Key Trends Impacting Construction Contractor Liability in 2024
Mar 7 2024 // This post is part of a series sponsored by IAT Insurance Group. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge[1] in spending for nonresidential...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Mar 6 2024 // Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called...
Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers
Mar 6 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers
Mar 4 2024 // Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Mar 4 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 offices released by the Wholesale & Specialty Insurance Association...
Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Mar 4 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...
Small Business Cyber Gap
Mar 4 2024 // Yvette Prichard says cyber insurance continues to be an area where small businesses have significant gaps in their insurance portfolios. “It is a big risk; any business that does anything on a computer needs cyber...
Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Feb 29 2024 // Lockton, headquartered in the Kansas City metropolitan area, named Eric Braverman and Eric Bill to its lawyers professional liability practice. Both are based in Chicago. Braverman joins as senior vice president,...
RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
Feb 29 2024 // RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced addition of Cyber Liability to its proprietary digital platform, RT...
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
Feb 29 2024 // This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia...
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...
