Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer; QBE Europe Promotes Keller as Head of Liability
Oct 16 2023 // This edition of International People Moves details appointments at WTW and QBE Europe. A summary of these new hires follows here. WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer Rob Powell WTW,...
Is It Auto or CGL … or Both or Neither?
Oct 16 2023 // For many people, the outdoor grilling season is about over. Notice that I said “grilling” season and not “BBQing” season. Being a Southerner, we know that outdoor cooking is known as...
Summit: How Cannabis Brokers Can Get SMB Clients Better Insurance
Oct 13 2023 // Powered by InsuranceJournal.tv Big multistate operators often get the bend-over-backward treatment from all service providers, but what are insurance brokers looking to get the same treatment for their small-to-midsize...
75% of Small Businesses Are Underinsured, Says Hiscox Survey
Oct 11 2023 // Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers...
Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches
Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management...
As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Oct 4 2023 // Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment...
Commercial Auto Up Against Persistent Headwinds to Underwriting Profit
Oct 4 2023 // Underwriting losses in U.S. commercial auto have returned to pre-pandemic levels and rate increases have not been enough to keep up with severity trends. “The liability component has been more problematic than the...
People Moves: BHSI Promotes Meyer to Head of Product Liability, North America; Forte Named President of Berkley Public Entity
Oct 3 2023 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has promoted Angela Meyer to head of Product Liability in North America. She was previously head of Life Sciences in North America. Meyer joined BHSI in 2014 as...
Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks
Oct 2 2023 // Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings to environmental contractors and consultants, expanding the...
Hotel, Motel Markets ‘Dropping Like Flies’ As Outlook Remains Challenging
Oct 2 2023 // The hospitality industry has entered a new chapter. For those who weathered the recent near collapse of the sector, the American Hotel & Lodging Association entered 2023 with optimism that hotel room demand would...
What’s a Person Got to Do to Get a Drink in South Carolina? Bars, Eateries Closing for Lack of Affordable Liability Coverage
Oct 2 2023 // Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Oct 2 2023 // Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a new AM Best report. Best’s...
RT Specialty Expands RT Connector for Small Commercial Market
Sep 28 2023 // RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced its continued expansion of RT Connector, which provides digital solutions for...
Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers
Sep 28 2023 // Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave. States are increasingly passing biometric...
US Energy Regulator Recommends Revising Reliability Standards for Extreme Weather
Sep 25 2023 // The Federal Energy Regulatory Commission on Thursday [Sept. 21] recommended revising reliability standards for power grid and natural gas infrastructure to avoid issues during extreme weather, as part of findings from a...
As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
Sep 22 2023 // The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization...
Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
Sep 21 2023 // Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal...
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
Sep 21 2023 // Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective,...
Product Liability Cases on the Rise: Lex Machina
Sep 19 2023 // Product liability cases are increasing, according to Lex Machina’s annual Product Liability Litigation Report, with 5,826 such cases in federal courts in 2022. The data analyzed by Lex Machina, a LexisNexis company,...
South Carolina Bars, Eateries Closing Down for Lack of Affordable Liability Coverage
Sep 18 2023 // Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto...
