Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Subtle Problems with Extended Reporting Coverage — and Creative Solutions
Jun 19 2023 // For specialty line insurance policies such as directors and officers liability, professional liability, cyber liability etc., claims made insurance policies are the most common type of policy issued. They are complex, and...
Insurer Must Defend Firm Sued for Selling Facial Recognition Program to Police
Jun 16 2023 // An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued after selling the Chicago Police Department access to a facial recognition database that...
New York Lawmakers Again Pass Wrongful Death Damages Bill. Is Another Veto in Store?
Jun 13 2023 // New York lawmakers have again overwhelmingly passed legislation to overhaul the state’s 1847 law that governs damages that can be awarded in wrongful death cases. But it’s unclear whether the latest version of...
Nashville Bar Damaged in 2020 Bombing Files Suit Against its Insurer
Jun 13 2023 // When a Tennessee man set off a bomb in downtown Nashville in 2020, it not only disrupted a peaceful Christmas morning in the city, it put some nearby establishments out of business for more than 30 months. The vehicle...
BioNTech Faces First German Lawsuit Over Alleged COVID-19 Vaccine Side Effects
Jun 12 2023 // BioNTech will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the...
Jury Should Decide ‘Borrowed Employee’ Liability, New Jersey High Court Affirms
Jun 6 2023 // The New Jersey Supreme Court has affirmed that whether an employer is vicariously liable under the borrowed-employee doctrine is a question of fact that should be decided by the jury, not the judge, unless the evidence is...
Industry Alliance Outlines Key Liability Risk Considerations in Insuring AI
Jun 6 2023 // Artificial intelligence and its uses are a hot topic these days. Some benefits of AI include efficiency in time and resources, but what happens when an AI-related error or failure occurs? Liability insurance relating to...
South Carolina DOI Issues Data Call on Why Liquor, Cyber Liability Costs Are Soaring
Jun 5 2023 // Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting. The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting...
Complexities That Arise with ERPs: Part 2
Jun 5 2023 // For specialty line insurance policies such as directors and officers liability, professional liability, cyber liability etc., claims made insurance policies are the most common type of policy issued. They are complex, and...
3M Is in at Least $10 Billion Forever-Chemicals Pollution Settlement
Jun 2 2023 // Update: 3M Granted Delay in ‘Forever Chemicals’ Trial to Negotiate Settlement 3M Co. struck a tentative settlement of at least $10 billion over water pollution claims tied to “forever chemicals,”...
Report: Medical Professional Liability Headwinds Continue Despite Improvement in 2022
Jun 2 2023 // A recent report by the Medical Professional Liability Association shows the medical professional liability insurance sector’s combined ratio improved from 108.1% in 2021 to 102.2% in 2022 – marking the...
Supreme Court Turns Away Social Media Sex Trafficking Case
May 31 2023 // The US Supreme Court turned away an appeal from victims of child pornography who claimed Reddit Inc. knowingly facilitates and benefits from images of child sexual abuse. The justices without comment left in place a ruling...
People Moves: Lockton Adds IP Experts Sandler and Taylor; Byrne Hired at Cowbell as VP Tech E&O Underwriting
May 25 2023 // Lockton Adds Intellectual Property Experts to Transaction Liability Practice Lockton has hired Jason Sandler and Craig Taylor to its intangible asset and contingent liability practice, a division within its broader...
Bankruptcy Judge Rules Directors of Failed SVB Can Tap D&O Insurance
May 25 2023 // A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers liability policies to...
Special Report: How U.S. Doctors Buy Their Way Out of Trouble
May 24 2023 // When federal enforcers alleged in 2015 that New York surgeon Feng Qin had performed scores of medically unnecessary cardiac procedures on elderly patients, they decided not to pursue a time-consuming criminal...
People Moves: Kuhn Leaves AIG for Ascot to Lead Large Public D&O; Ryan Joins Sompo as CUO
May 22 2023 // John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on...
MGAs, Delegated Underwriting Authority Enterprises Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 22 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new...
Frequency Declines But Lost Time Claims Costs Rise in Restaurant Workers’ Comp: Marsh
May 22 2023 // A shortage of workers in the restaurant industry is leading to more expensive and complex claims in workers’ compensation even as claim frequency declines, according to a recent report and webinar. Marsh recently...
It’s Just a Name Change and Other ‘ERPS’
May 22 2023 // Claims made insurance policies have existed for a long time. For specialty line insurance policies, such as directors and officers liability, professional liability, cyber liability etc., they are the most common type of...
Risks on Stage: New World, New Life in Entertainment Business
May 22 2023 // Spectator Safety, Natural Catastrophes, Rising Costs Top Concerns Today As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety,...
