Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
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,...
Supreme Court Leaves Intact Social Media Liability Shield in Win for Google, Twitter
May 18 2023 // The US Supreme Court left in place a broad liability shield for social media companies for content posted by users, insulating Twitter Inc., Facebook Inc. and Google LLC from claims that they provided assistance to Islamic...
2 Firearm Situations. Maybe They’re Covered.
May 17 2023 // NOTE: This is an excerpt from a longer article on IJ. Here’s the full article. When it comes to firearms and insurance, we can look at them in two ways. First, as items of personal property, in which case, in...
Viewpoint: Should Insurance Drive Increased Firearm Safety?
May 17 2023 // It seems almost weekly there is a story or two in the national headlines addressing gun violence in the U.S., and a recent Insurance Journal story indicated respondents of a survey thought insurance could have a role in...
Broadway Theaters, Insurer Agree to End COVID-19 Business Loss Claims
May 16 2023 // An owner of Broadway theaters and Pacific Indemnity Insurance Co. have voluntarily agreed to end their remaining litigation over COVID-19 coverage claims. Under the stipulation filed May 11, each party will bear its own...
Florida Governor Signs Bill Limiting Skate Rink Liability
May 16 2023 // Florida’s governor has signed into law a bill that could help reduce premiums for the dwindling number of roller-skating rinks in the state. Senate Bill 1458, sponsored by state Sen. Clay Yarborough, R-Jacksonville,...
People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W
May 9 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta Signa Europe. A summary of these new hires follows here. BHSI Promotes Browne,...
3 Ways to Reduce Management Liability Risk
May 9 2023 // This post is part of a series sponsored by IAT Insurance Group. It’s a difficult time for businesses. Between a fluctuating insurance market and skyrocketing inflation, business leaders are under pressure to make the...
Markets/Coverages: Coalition Announces Executive Risks Offering for Nonprofits
May 8 2023 // Coalition today said it launched a version of its Executive Risks Insurance products designed for not-for-profit organizations. Coalition’s Executive Risks insurance for not-for-profits combines automated...
Overall Market Sees Greater Stability but Rates Still Up: Risk Strategies Report
May 8 2023 // Cybercrime is up, properties are underinsured, and the management liability market is softening. These are a few of the predictions and results revealed in the Risk Strategies 2023 State of the Market report, which...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
May 8 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their...
Texas Court: Exxon Covered by Contractor’s Excess Insurers
May 8 2023 // Two excess insurers may be liable for the more than $20 million that ExxonMobil Corp. paid to settle lawsuits filed by a contractor’s employees who were badly burned while working at an Exxon refinery, the Texas...
Insurance Could Help Drive Gun Safety Efforts, Survey Says
May 5 2023 // Three out of four Americans believe gun owners should be required to have firearm liability insurance, according to a recent survey. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77...
Fla. Solons Pass Accountability Bill, Banning Unexplained Changes to Adjuster Reports
May 4 2023 // After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability Act, codifying some best practices in claims handling and requiring more...
Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
May 4 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 3 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 percent to $67.6 billion, according to a...
People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
May 2 2023 // MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through...
