Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
ANALYSIS-Who Pays? UN Climate Report Reignites Global Fight for Compensation
Mar 4 2022 // With this week’s U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: who should pay? Within U.N. climate negotiations,...
7th Circuit: Liberty Must Defend USA Gymnastics in Nassar Lawsuits; Coverage May Be Limited
Mar 2 2022 // Larry Nassar is accused of sexually assaulting hundreds of girls and young women while working with USA Gymnastics, resulting in his criminal conviction and hundreds of lawsuits that forced the organization into...
Counterpart Raises $30 Million in Series B Funding Round
Mar 1 2022 // Counterpart, the management liability insurtech, announced raising $30 million in Series B growth financing led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and...
New Mexico Archdiocese Sues Insurers Over Sexual Abuse Coverage
Feb 28 2022 // One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven’t fulfilled contracts to provide liability coverage for sexual abuse complaints. The Archdiocese of...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021
Feb 24 2022 // Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in 2021 thanks to investment income and capital gains improvements despite booking an...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
4 Insurers, 5 Policies to Pay $73M Sandy Hook Settlement Against Gunmaker Remington
Feb 17 2022 // A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy Hook massacre. The settlement with gunmaker Remington Arms and its...
Texas Supreme Court Allows For Exception to 8-Corners Rule
Feb 17 2022 // For more than 50 years, insurers have known that their duty to defend a Texas policyholder from a lawsuit must be decided based only on the language of the insurance contract and the allegations made by the plaintiff. The...
Six Years After Deadly Police Chase, Georgia High Court Limits Insurer’s Obligation
Feb 17 2022 // The headlines in 2016 provoked an outcry across Georgia: A man stole a car near the Atlanta airport, fled from police in a high-speed chase, then crashed into another vehicle, killing a woman and her two grandchildren. Six...
Flint, Michigan Water Crisis Trial Will Test Contractors’ Liability
Feb 15 2022 // Jury selection starts Feb. 15 in a trial to determine if engineering contractors bear responsibility for lead-contaminated water in Flint. Veolia North America and Lockwood, Andrews & Newman, known as LAN, were not...
Gunmaker Remington to Pay $73M to Settle Liability Claims With Sandy Hook Families
Feb 15 2022 // Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, the first time a gunmaker has been held responsible...
J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’
Feb 15 2022 // A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused...
Texas Supreme Court Rules Golf Cart Accident Isn’t Covered in District’s Auto Liability Policy
Feb 14 2022 // The Texas Supreme Court recently ruled that injuries suffered in a golf cart at a school isn’t covered in an auto liability policy held by the school district. In Pharr–San Juan–Alamo Independent School District,...
People Moves: Liberty Specialty Mkts Names Beattie Head of War & Terrorism; New Dawn Risk Hires Aon’s Khan for Professional Risks, Lothbury’s Vernon for Healthcare/Life Sciences
Feb 10 2022 // This edition of International People Moves details appointments at Liberty Specialty Markets and broker New Dawn Risk. A summary of these new hires follows here. Liberty Specialty Markets Names Beattie as Global Head of...
Appeals Court Allows Dallas Police Excessive Force Lawsuit to Proceed
Feb 10 2022 // The family of a Dallas man who died in police custody five years ago can proceed with their lawsuit against four officers, a federal appeals court ruled in an opinion filed last week that overturned a lower court’s...
Reuters Special Report: J&J’s Secret Plan to Limit Payouts to Cancer Claimants
Feb 7 2022 // Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly...
10 Emerging Risks to Watch
Feb 7 2022 // Insurance Journal examined industries experiencing changes and a few challenges due to the COVID-19 pandemic, economic forces and tough insurance market conditions in 2021. Here are 10 industry sectors that could see new...
A Special Time for Specialty Markets
Feb 7 2022 // The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. market, specialty is for more...
Commercial Auto Among Lines With Flattening Rates in 2022, USI Forecast Predicts
Feb 7 2022 // Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to...
Transactional Liability Insurance: Why Management Liability Isn’t Enough in Today’s M&A World
Feb 7 2022 // After a slight Covid-19 related dip in 2020, M&A activity has reached unprecedented levels with 2021 being the busiest year on record, resulting in significantly elevated demand for M&A insurance. At the same time,...
