Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
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...
Viewpoint: Florida High Court Tapped Brakes On Dangerous Instrumentality Liability
Dec 26 2023 // Floridians concerned about liability when sharing their automobiles with children or friends can relax a bit after the Florida Supreme Court’s recent ruling on the state’s long-standing dangerous...
Company Party Tips: Be Joyful, Not Liable
Dec 21 2023 // The company holiday party holds inherent potential for drama and danger. Holiday parties have bounced back big-time post-pandemic. The 2023 Challenger Holiday Party Survey from Challenger, Gray and Christmas, Inc. found...
Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date
Dec 19 2023 // The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish...
Judge Blocks Chubb Exit From New York Diocese’s Thousands of Child Sex Abuse Suits
Dec 19 2023 // A New York judge has ruled that the “plain language” of Chubb Insurance policies dictates that the insurer must cover the Archdiocese of New York parishes and schools as they contend with thousands of sex abuse...
Alera Group: Personal Insurance Outlook ‘Discouraging’
Dec 18 2023 // Unprecedented industry losses and unprofitability in homeowners and auto insurance will significantly impact pricing and availability in 2024, especially in catastrophe-prone areas and states with challenging regulations,...
Ryan Specialty Forms International Financial Lines MGU Ryan Financial Lines
Dec 13 2023 // Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines. This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux;...
