Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: Chubb’s O’Brien Named CRO, Ringsted to Lead Digital Business; Azzolino to Head The Hartford’s Global Specialty Digital Solutions
Apr 3 2023 // Chubb Limited announced that Frances O’Brien has been appointed executive vice president, Chubb Group, and chief risk officer, effective April 1. O’Brien was senior vice president, Chubb Group, and deputy chief...
Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings
Apr 3 2023 // Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd., which include its wholly owned marine specialist subsidiaries Vessel Protect,...
People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team
Apr 3 2023 // This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for...
Exploring the Dos and Don’ts of Drones, Insurance-Wise
Apr 3 2023 // Drones are an increasingly popular hobby for adults and kids. And it’s all fun and games and cool videos until something glitches, and an out-of-control rack of spinning blades hits someone in the head. Or crashes...
U.S. Commercial Rates Increased in Q4 — But at Slower Pace: WTW
Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Architects & Engineers Market Sees Rising Claims Severity Amid Wave of New Projects
Apr 3 2023 // The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While design firms experience growth amid an expanding market, insurers providing architects and...
South Carolina Supreme Court Clarifies Law on Uninsured Motorists, Liquor Liability
Mar 30 2023 // The South Carolina Supreme Court on Wednesday handed down three opinions that resolve two questions about insurance law. One decision will probably disappoint auto insurers; another will please carriers in the liquor...
Markets/Coverages: CFC Adds Professional Liability, Tech E&O to Admitted Offerings
Mar 27 2023 // Specialist insurance provider CFC recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution for...
Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector
Mar 27 2023 // Skyrisks Ltd. is set to launch as a managing general agent, partnering with capacity provider Convex Group Ltd., aiming to address the fast-growing insurance needs of the advanced air mobility (AAM) sector. The AAM sector...
D&O 2022: Prices Down; Loss Ratios Up; Top Carriers Ranked
Mar 27 2023 // Although analysts at Fitch Ratings estimate that combined ratios for the directors and officers liability line remained below breakeven in 2022, with competition fueling price declines and the economic conditions...
Wisconsin High Court: UI Insurer Can’t Deduct Money That Was Paid but Reimbursed
Mar 24 2023 // Wisconsin law allows insurers to deduct from their liability any amounts paid for the same injury by a worker’s compensation carrier, but does that include amounts that are paid and later reimbursed? Secura Supreme...
Connecticut Lawmakers Weigh Lifting Surplus Lines Renewal Rule
Mar 24 2023 // Connecticut’s Insurance and Real Estate Committee has advanced a surplus lines insurance measure that the industry says would lift an unnecessary administrative burden but the state insurance regulator believes would...
Motorcycle Rally Organizers Lose Bid for Coverage for Auto Accident
Mar 24 2023 // A three-judge panel of the Second Circuit Court of Appeals has affirmed a district court ruling that Berkshire Hathaway’s Covington Specialty Insurance Co. had no duty to indemnify its insureds against personal...
Texas Medical Liability Trust Reports Data Privacy Event
Mar 23 2023 // Texas Medical Liability Trust (TMLT) provided notice that the company and its affiliates may have been affected by a recent data privacy event. On Oct. 12, 2022, TMLT identified suspicious activity within its environment...
Markets/Coverages: Mosaic Adds Litigation Liability Cover to Professional Lines Offering
Mar 23 2023 // Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation...
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusions
Mar 22 2023 // South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually assaulted by a hospital worker on New Year’s Eve in 2019 while she was sedated. The...
People Moves: McGill & Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team; Howden Names KPMG’s Cox as Head of Energy Transition
Mar 21 2023 // This edition of International People Moves details appointments at two London brokers: McGill and Partners and Howden Broking. A summary of these new hires follows here. McGill and Partners Hires Gallagher Re’s...
Workers’ Compensation Must Reimburse for Medical Marijuana Costs in Pennsylvania
Mar 21 2023 // Injured workers in Pennsylvania are entitled to be reimbursed for medical marijuana costs under the state’s workers’ compensation law. The Commonwealth Court of Pennsylvania has ruled that while the Medical...
Vermont Senate Advances Liability Shield for Abortion and Transgender Care Providers
Mar 20 2023 // The Vermont Senate on Friday passed a bill that aims to protect health care workers from disciplinary action for providing abortions and gender-affirming health care, and change insurance premium charges related to such...
Landlords and Their Tenant’s Liquor Liability
Mar 20 2023 // A landlord decides to lease a space in a retail strip center to a sports bar. The landlord’s commercial real estate representative sends the lease to the new prospective tenant to sign — it is a standard...
