Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: Atain Names Dassow VP, Head of Primary Liability; WSIA Names New Secretary and Director Following Maner’s Retirement
Jan 19 2024 // Atain Names Dassow VP, Head of Primary Liability Atain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed...
People Moves: Liberty Specialty Markets Appoints Bolaños as CUO, Moreno as President US, LatAm; HDI Global Names Tarantino MD of Singapore Branch as Silton Retires
Jan 19 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and HDI Global. A summary of these new hires follows here. Liberty Specialty Markets Names Bolaños as CUO, Moreno as President...
Alera Group Buys Med Mal Insurer CLS Healthcare Liability
Jan 19 2024 // Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians,...
Connecticut Sees Growth in Captive Insurers for Fourth Straight Year
Jan 18 2024 // Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023. According to Mais, this growth includes the addition of 10 new captive...
Markets/Coverages: Canopius Launches Investment Mgmt Cover for Asset Managers
Jan 18 2024 // Canopius Group, the global specialty re/insurer, has launched a new investment management product for asset managers. The product has been developed to respond to shifts in the risk landscape in the highly regulated asset...
People Moves: Skyward Specialty Forms Media Liability Team
Jan 17 2024 // Skyward Specialty Insurance Group, Inc., headquartered in Houston, Texas, made two new hires as it expands into the media liability market, focusing on multimedia, film and ad agencies. Regina Williams joins Skyward...
Allstate Doesn’t Owe for Diminished Value; Farm Bureau Barred from Subro, Courts Say
Jan 17 2024 // Two court rulings in Southeastern states have underscored insurers’ responsibilities under uninsured motorist laws. In a Mississippi class-action lawsuit, the U.S. 5th Circuit Court of Appeals found that Allstate...
Texas Power Grid Operator Issues Conservation Request as Winter Storm Engulfs State
Jan 16 2024 // The Texas power grid operator asked residents to conserve power a second time this week as a blast of cold weather plummeted temperatures well below freezing for much of the state. This new conservation request is from 6...
Commercial Property Rates Not Expected to Increase at Same Pace as 2023: USI
Jan 16 2024 // A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.” “Our forecast calls for 5% to 15% rate...
South Carolina Liquor Liability Market ‘Extremely Unprofitable,’ DOI Report Finds
Jan 11 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...
Michigan Appeals Court: Parents Can Elect Lower Auto Insurance Limits for Minor Drivers
Jan 10 2024 // The Michigan Court of Appeals ruled last week that state law permits the parent of a minor to elect lower than default liability limits for their child’s auto insurance coverage. A three-judge panel unanimously...
Climate Change, Nuclear Verdicts Worry Wealthy North Americans: Chubb Survey
Jan 9 2024 // A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three percent of respondents to the...
Cohen Vows to Appeal Denial of Retaliatory Imprisonment Liability Claim Against Trump
Jan 8 2024 // Michael Cohen can’t hold his former boss, ex-president Donald Trump, liable because he was jailed for what he claimed was retaliation for writing a tell-all memoir, an appeals court said Tuesday. The 2nd U.S. Circuit...
Questions on AI, Budget Deficit, Gun Owners Liability Await California Lawmakers
Jan 4 2024 // California lawmakers returned to work this week for the start of an election-year legislative session dominated by decisions on artificial intelligence and the state`s struggling budget. The budget is a big issue every...
Top Southeast Insurance Journal Stories of 2023
Dec 29 2023 // Outside of the turbulent state of Florida, the Southeastern U.S. saw its share of insurance issues, from carriers pulling out of Georgia to roof-matching requirements in Kentucky to liquor liability problems in South...
After 10 Years, Troubled Kentucky School Boards Insurance Trust Has Been Liquidated
Dec 29 2023 // It has taken 10 years but the financially troubled Kentucky School Boards Insurance Trust has been fully liquidated. About $1 million will soon be returned to school districts across the state. “It took a long time...
Top Midwest Insurance Journal Stories of 2023
Dec 29 2023 // Insurance Journal Midwest readers in 2023 gravitated to stories on multi-million dollar rulings, policy language disputes and failing mutual insurance companies. Readers were also interested in the fallout of the East...
Top East Insurance Journal Stories of 2023
Dec 29 2023 // Insurance Journal East readers showed keen interest in news about insurance agents’ responsibilities in 2023 including court cases involving an agent’s homeowner client with an unlisted dog; Harvard...
Top Insurance Journal D&O Stories of 2023
Dec 28 2023 // Million-dollar court cases, expert predictions and in-depth market analysis — Insurance Journal’s top-read directors and officers insurance stories in 2023 scrutinized notable national headlines through a D&O...
Into the Surge in High-Stakes Verdicts: A Deep Dive Into Nuclear Verdicts
Dec 27 2023 // In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed “nuclear verdicts.” As the name suggests, these are not just ordinary legal outcomes. These...
