Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Insurer Argues Baltimore Not Covered for Employee’s Sexual Abuse of Minors
Aug 16 2023 // Philadelphia Indemnity Insurance Co. is asking a federal court to declare that it does not have to indemnify Baltimore officials who have been targeted in a class action that was filed after a former city security guard...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a...
Biden’s Carbon Proposal is Unworkable, Power Sector Warns
Aug 9 2023 // U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine
Aug 8 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of...
Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case
Aug 8 2023 // Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More...
AM Best Downgrades Alabama Muni Insurance Pool, Citing Law Enforcement Liability
Aug 7 2023 // The A.M. Best financial rating firm has downgraded the financial strength rating of the Alabama Municipal Insurance Corp., citing weather losses as well as law enforcement liability costs. “AMIC’s law...
Challenges of Insuring Rentals and Multi-Unit Housing
Aug 7 2023 // The age-old question in insuring rentals and multi-unit housing is, “Who covers what?” Whether it’s owner-occupied housing or a landlord-tenant relationship, the changing landscape — from higher...
Fun Equals Risk. Sigh.
Aug 7 2023 // Those in the insurance industry tend to view everything through a lens of risk and responsibility. Sure, that game/sport/amusement/party looks like a good time, but what horrible thing could happen? And who is going to pay...
Markets/Coverages: NIP Expands GrowPro Program to Include Agricultural Property
Aug 4 2023 // NIP Group announced the nationwide expansion of its GrowPro insurance program. Originally designed to cater to hydroponic growers, greenhouse operators, nurseries, garden centers, and indoor vertical farm operations,...
Skanska Must Face the Music: Maritime Law Does Not Protect it from Fla. Storm Claims
Aug 3 2023 // A construction company whose barges came loose from their moorings during Hurricane Sally and damaged the Pensacola Bay Bridge will have to cope with some 900 claims by businesses and other parties that say they suffered...
Connecticut High Court Denies Immunity for First Responder Causing Car Accident
Aug 2 2023 // The Connecticut Supreme Court has overturned a trial court and ruled that municipalities and government agencies are not entitled to qualified immunity for negligent operation of emergency vehicles. In a case involving a...
No Duty to Defend Doesn’t Mean No Duty to Indemnify, Federal Appeals Court Finds
Aug 2 2023 // A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an unambiguous...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B
Aug 1 2023 // Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President...
MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division
Aug 1 2023 // Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its...
SC Judge OKs $15M Insurance Payout for Store that Sold Beer to Underage Murdaugh
Jul 31 2023 // A South Carolina judge A judge has signed off on a $15.5 million settlement for the family of Mallory Beach, the 19-year-old girl who died in a 2019 boat crash that is believed to have set in motion the downfall of...
Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack
Jul 25 2023 // Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court...
Massachusetts High Court Revives Contractor Liability Claim Over ‘Half Inch’ Defect
Jul 24 2023 // Whether a half-inch granite protrusion on a crosswalk under repair is sufficient to support a negligent claim is a matter for a jury to decide, not a court granting summary judgment for a contractor doing work for a...
Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires
Jul 19 2023 // Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury...
Insurers to Pay $15M to Settle Murdaugh Fatal Boat Crash Claims
Jul 18 2023 // Insurers for the convenience store that sold beer to Paul Murdaugh have agreed to pay $15 million to settle the wrongful death suit stemming from the 2019 boat crash involving Murdaugh in which teenager Mallory Beach was...
