Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Liability Finding in Ohio St. Football Standout Rape Allegation to be Appealed
Nov 29 2022 // An attorney is vowing an appeal for a woman found liable by a civil jury for malicious prosecution in a rape allegation she made against a former Ohio State football standout more than five years ago. The woman’s...
Mosaic Insurance Launches Frankfurt Office to Boost European Growth
Nov 29 2022 // Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe. The...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch Ratings Fitch expects double-digit percentage premium...
West Virginia High Court Issues Slew of Rulings – Some For, Some Against Insurers
Nov 22 2022 // The West Virginia Supreme Court has handed down four decisions that could affect insurers’ payouts in auto, homeowners and worker injury claims. Non-employee Covered In Ball vs. United Financial Casualty Co., the...
Risk Strategies Acquires Texas’ Wallace Specialty
Nov 17 2022 // Risk Strategies, a national specialty insurance brokerage and risk management firm, announced it has acquired Wallace Specialty Insurance Group. Terms of the deal were not disclosed. Based just outside of Dallas in...
People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines
Nov 15 2022 // This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets, A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental Europe Marsh, the insurance...
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
Nov 10 2022 // A new report shows California utilities have noticeably reduced their liability following catastrophic wildfires in the past that have been blamed on the utilities and have driven several massive lawsuits and financial...
Markets/Coverages: Hub International Launches Professional & Exec Risk Practice
Nov 9 2022 // Hub International Limited (HUB) on Nov. 9 announced the launch of its Professional & Executive Risk (ProEx) Specialty Practice. The new practice brings together over 100 HUB specialists with executive liability,...
Insuring Cannabis Summit: 2023 Bringing Lawsuits, Higher Property Rates, More Products
Nov 8 2022 // Powered by InsuranceJournal.tv An increase in new markets, and better brand recognition and distribution from existing markets, has led to more competition in the insuring cannabis space. That’s a good for the...
Special Report: Corporate Chiefs Dodge Lawsuits Over Sexual Abuse, Deadly Products
Nov 8 2022 // Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by...
Allstate Q3 Net Income in the Red; Continues Efforts to ‘Restore Property-Liability Margins’
Nov 3 2022 // Allstate Corp. said it recorded a third quarter net loss applicable to common shareholders of $694 million compared to net income of $508 million a year ago during the same time. Allstate’s Q3 combined ratio was an...
New Jersey Lawmakers Advance Bill Limiting Gun Carry, Requiring Liability Insurance
Nov 1 2022 // A New Jersey legislative committee voted to require liability insurance for gun owners and restrict where they could carry their weapons, moving what would be some of the strictest US firearms limits closer to becoming...
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Nov 1 2022 // This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines...
TikTok Found Not Liable in Death of Girl in Strangulation Challenge
Oct 28 2022 // Federal communications law shields the video-sharing site TikTok Inc. from responsibility for the death of a 10 year-old girl who died while attempting a challenge on TikTok that encourages viewers to strangle themselves...
Global Insurance Rates Continue Rising at Slower Levels; Cyber Outpaces Other Lines
Oct 27 2022 // Global insurance pricing continued to rise, although at a slower pace, during the third quarter, which saw commercial insurance premiums increase an average of 6%, down from 9% in Q2, according to Marsh’s Global...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
Oct 27 2022 // The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through changes, with “weed...
Scollick v. Narula False Claims Act Case Update
Oct 27 2022 // This post is part of a series sponsored by IAT Insurance Group. Disclaimer: This article should not be used as legal advice. All parties should consult legal counsel of their choice and seek expert advice on legal and...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines
Oct 26 2022 // Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company’s appetite for...
AmTrust Acquires Mid-Market Book from DUAL
Oct 26 2022 // AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based specialty program administrator that offers property/casualty products. DUAL...
New England Patriots Owner Alleges Insurer Fumbled Media Liability Claims
Oct 26 2022 // Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed to respond under media liability insurance policies to multiple claims of copyright...
