Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
Feb 6 2023 // Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies‘ bankruptcy, accusing the company of using bankruptcy...
10 Emerging Risks & Markets to Know About
Feb 6 2023 // Insurance Journal examined industries experiencing changes and a few challenges due to economic forces, tough insurance market conditions, and societal pressure. Here are 10 industry sectors that could see new and emerging...
Risk Management in the Metaverse
Feb 6 2023 // For many, the “metaverse” sounds like some obscure sci-fi fantasyland. You may be asking, where is it? How does one get there? Well, if you’re reading this article on a screen, you are already scratching...
Carolina’s Curi Merges with Constellation Medical Liability Insurer Group
Feb 2 2023 // Curi Holdings, a Raleigh-headquartered medical liability insurance company, plans to merge with Minnesota-based Constellation Inc., creating a company with more than $2 billion in assets, the companies said in a press...
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
Jan 31 2023 // Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL)...
New York Gov. Hochul Vetoes Wrongful Death Damages Bill
Jan 31 2023 // New York Gov. Kathy Hochul last night vetoed a measure that would have expanded wrongful death benefits after her late bid for amendments was rejected by the sponsors of the bill. In vetoing the Grieving Families Act,...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’
Jan 30 2023 // There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon...
Today Is Deadline for New York Gov. Hochul to Decide on Bill to Expand Wrongful Death Damages
Jan 30 2023 // Today is the deadline for New York Gov. Kathy Hochul to decide whether to sign legislation that will expand the types of damages that could be won in wrongful death cases. The bill, known as the Grieving Families Act,...
Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability
Jan 26 2023 // Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and...
Hardening Construction Market Gives Way to Rise of Captives
Jan 25 2023 // Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity. Captives, licensed...
Washington Insurance Commissioner’s Report on Utilities’ Liability Shows Increased Costs, Exclusions
Jan 23 2023 // The Washington Office of the Insurance Commissioner recently delivered a report to the state Legislature and governor on the liability insurance market for electric utilities in Washington. The OIC worked with the...
The Pickleball Explosion Comes with Opportunity, Challenges
Jan 23 2023 // If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country. In the last three years, the number of players has jumped by more than 40%, by some measures. In Minnesota,...
Regulators Approve Texas Electricity Market Reform
Jan 20 2023 // The Public Utility Commission voted Thursday to make a substantial change to the state’s electricity market in a controversial effort to get the whole system to be more reliable. The agency said it will let the...
People Moves: Law Firm Constangy Expands With New Cyber Team; Kimball Hughes PR Promotes Coyne; NFP Hires Ferreira to Lead Pro Liability
Jan 20 2023 // National labor and employment law firm Constangy, Brooks, Smith & Prophete welcome a 44-member team, including 32 experienced attorneys, in a significant expansion of the firm’s cybersecurity & data privacy...
Wholesale Broker Socius Acquires New York’s Kelly Underwriting
Jan 19 2023 // San Francisco-based wholesale insurance brokerage Socius Insurance Services, Inc. has acquired the assets of Kelly Underwriting Services, a Farmingdale, New York based managing general underwriter. Led by Tom Nash, Kelly...
Insurers Do Not Have to Defend in Opioid Litigation, Federal Appeals Court Finds
Jan 18 2023 // Two insurance carriers have no duty to defend or to indemnify Quest Pharmaceuticals in lawsuits brought over the drug distributor’s role in the opioid crisis, a federal appeals court decided last week. The opinion...
New York Corporations Face Fines for Criminal Liability for Construction Deaths, Injuries
Jan 13 2023 // Corporations in New York’s construction industry will face increased fines of up to $500,000 if they are found criminally liable for worker deaths or serious injuries. Gov. Kathy Hochul signed into law what has been...
Mosaic Launches 7th Regional Underwriting Hub With Opening of Dubai Office
Jan 12 2023 // Bermuda-based Mosaic Insurance has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Africa, and South Asia (MEASA) market. Three specialist...
Specialty Program Group Buys Euclid Fiduciary
Jan 11 2023 // New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc. Euclid Fiduciary, based in...
Alabama Home Builder’s Negligence Not Covered by Liability Policy, 11th Circuit Says
Jan 11 2023 // An Alabama judge awarded Robert and Mindy Barton $900,000 for actual damages and emotional distress caused by the botched construction of their custom home, but the couple won’t be able to collect that judgment from...
