Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc.
Jun 24 2022 // The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers...
People Moves: MMC Names Jones, Hageman to Senior Posts; Lockton Welcomes Marsh’s Millett for Innovation; Applied Financial Builds Cyber Risk Team
Jun 24 2022 // Marsh McLennan Creates New Senior Leadership Positions Marsh McLennan announced the appointment of John Jones as chief marketing and communications officer and Pat Hagemann as chief of staff to the chief operating...
How a Bankruptcy ‘Innovation’ Halted Thousands of Lawsuits from Sick Plaintiffs
Jun 24 2022 // Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the “Texas...
Alabama Counties’ Insurance Fund Not Liable for its Own Actions in Deadly Dock Fire
Jun 23 2022 // Insurers and government self-insurance pools should be breathing a sigh of relief after the Alabama Supreme Court absolved a county commissions’ fund of direct liability in a marina fire that killed eight people and...
California Bill Would Require Gunowners to Buy Liability Insurance
Jun 21 2022 // California would be the first state to require gun owners to buy liability insurance to cover the negligent or accidental use of their firearms, if lawmakers approve a measure. “Guns kill more people than cars. Yet...
Markets/Coverages: NJM Expands ProPack Into 3 States; Frederick Mutual Enhances Cyber Policy for Home, Business
Jun 21 2022 // NJM Offers ProPack Commercial Package Policy in More Mid-Atlantic States NJM Insurance Group is now writing commercial package policies in Delaware, Maryland and Pennsylvania with policy effective dates beginning August 1,...
Takeaways from Our Conversation About Next Steps for Insuring Cannabis
Jun 20 2022 // Powered by InsuranceJournal.tv Some more capacity has finally arrived with increasing interest in insuring cannabis, and cannabis insurance is well on its way to going national. Those are among the take aways from the 50th...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 20 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Nothing’s Easy in Hard-Working Contractors’ Market; Risks Include Inexperienced Workers, Inflated Costs and Inferior Materials
Jun 20 2022 // No other industry has weathered a global pandemic, economic changes, and a decade-long shortage of skilled labor better than the construction industry. Contractors have shown they are a hardy bunch, adapting to a hard...
A Different Kind of Guard: Agent Follows NFL Offseason With Eye on Protecting Players
Jun 20 2022 // Like millions of Americans, Timothy Radcliff was glued to the NFL Draft in late April. Radcliff’s interest in the draft wasn’t predicated on which quarterback went off the board first or whether the Pittsburgh...
Massachusetts High Court Nixes Gig Worker Ballot Measure Sought by Uber, Lyft
Jun 15 2022 // Transportation and delivery network companies including Uber, Lyft, DoorDash and Instacart have been dealt a setback in Massachusetts as the state’s high court has rejected their ballot proposals that sought to both...
Financial Firms to SEC Over Proposal to Regulate SPACs: ‘Don’t Kill the Industry’
Jun 15 2022 // U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing it could kill the industry. The...
Medical Professional Liability Insurance Market Improves but Still Unprofitable
Jun 14 2022 // The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability is unlikely, said Fitch...
Markets/Coverages: Skyward Specialty’s Renewable Energy Cover; IMA, Parametrix Downtime Policy; Contractor Safety Discounts From Procure, Shepherd
Jun 13 2022 // Skyward Specialty Launches Renewable Energy Contractor Coverage Skyward Specialty Insurance Group is now offering a renewable energy contractors coverage targeting contractors specializing in wind and solar energy...
PCF Acquires Medical Insurance Specialist Mike Haffar in California
Jun 9 2022 // PCF Insurance Services acquired Mike Haffar Insurance Services Inc. located in West Covina, California. Mike Haffar is an insurance and risk advisor for physicians, medical clinics, medical groups, surgery centers and...
Segal Acquires Michigan’s Union Services Agency
Jun 8 2022 // Segal, a benefits and HR consulting firm, has acquired Bayview Insurance Group d/b/a Union Services Agency (USA), a Michigan-based insurance brokerage firm. The brokerage has focused on serving the insurance needs of labor...
Liability of State Police, Casino/Track Owners at Issue in Pennsylvania Murder Case
Jun 7 2022 // On November 24, 2018, Alicia E. Shaffer Stalheim, 25, was murdered by her jealous boyfriend, Luis Rodriguez, seven months after Rodriguez learned Stalheim and her children met for ice cream with another man. Stalheim,...
Washington High Court Declines to Shift Duty to Inform of Drug Risks to Makers
Jun 6 2022 // A prescription drug maker has done its legal duty by warning prescribing physicians of a drug’s risks in accordance with Washington law even when the drugs are advertised directly to consumers, the state’s...
People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region
Jun 6 2022 // This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l...
Logic & Language and Forms & Facts; Folklore Is NOT Fact
Jun 6 2022 // Two of my pet peeves involve certain types of coverage questions that I’ve received over the years. The first one begins with something like, “Does a [insert type of policy here] cover …?” The key...
