Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Jul 8 2024 // Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three...
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
Jul 8 2024 // Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a...
To Insure or Self-Insure? The Question Homeowners Must Answer
Jul 8 2024 // No matter where you live, there’s a good chance the weather’s getting wilder. In just the past few weeks, tornadoes have wreaked havoc on Midwest and Southern states, and large swaths of southern Florida were...
Business Liability Claims Litigation Jumped in 2023: Lex Machina
Jul 1 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina. The report found that 3,596 business...
What Agents Need to Know About Manufacturers E&O
Jul 1 2024 // Demand for technology-related products such as computer chips, semiconductors, electric vehicle batteries and embedded software is rapidly increasing in today’s tech-driven society, which is in turn increasing demand...
Vacant Commercial Property Owners Face Sidewalk Liability in New Jersey
Jul 1 2024 // The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good...
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...
People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Institutions; Stoop Named Managing Director of DUAL Benelux
Jun 26 2024 // This edition of International People Moves details appointments at QBE and Howden’s managing general agency, DUAL Benelux. A summary of these new hires follows here. QBE Promotes Product Mgrs for Cyber and Mgmt....
Progressive, Bars Settle for $1M in SC DUI Crash That Killed Bride on Wedding Night
Jun 24 2024 // FOLLY BEACH, S.C. (AP) — The husband of a bride who was killed in a South Carolina beach road collision on her wedding night last year will receive nearly a million dollars in settlement connected to the crash, which a...
A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best
Jun 21 2024 // The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report...
Businesses Do Not Have Proper Coverage for Rising Liability Losses, Says Chubb
Jun 20 2024 // An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large losses are up and companies are underestimating the amount of liability coverage they...
Vacant Commercial Property Owners Face Sidewalk Liability: New Jersey Supreme Court
Jun 17 2024 // The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good...
Business Liability Claims Litigation Jumped in 2023: Lex Machina
Jun 17 2024 // After holding relatively steady for nearly a decade, the number of business liability policy claims cases jumped 28% in 2023, according to a litigation report from Lex Machina. The report found that 3,596 business...
Insurance Keeping Up With Construction Demand: Construction Activity ‘Phenomenal’ Despite Labor Shortage
Jun 17 2024 // While the labor market continues to come up short for the construction industry, the insurance market is doing its job supplying the coverages the industry needs to keep up with the significant demand for new...
Umbrella Liability: The Triple Upsell Possibility for Personal Lines Clients
Jun 17 2024 // When it comes to most of the personal lines market, it’s pretty straightforward. A person buys a car, and they need insurance. A person buys a home or rents an apartment, and they need insurance. Often, they can...
A Look at Reciprocal Insurers From 30,000 Feet
Jun 17 2024 // For years, newly organized reciprocal insurers were few and far between and were not the preferred vehicle for new entrants to the insurance space. In fact, at one time, a prominent state insurance regulator refused to...
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained...
Massachusetts High Court Reverses, Says Uber Can Force Paralyzed Rider to Arbitrate
Jun 11 2024 // Uber can require that a passenger seriously injured in a crash involving an Uber driver go to arbitration over his $63 million damages claim without a trial, the highest court in Massachusetts has ruled, overturning a...
US Chamber of Commerce: Nuclear Verdicts’ Amount, Frequency Continue to Increase
Jun 10 2024 // A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at verdicts from 2013 to 2022, ILR said the median nuclear...
Social Media Giants Avoid School Districts’ Addiction Claims
Jun 10 2024 // Meta Platforms Inc. and other social media companies won the dismissal of novel claims in hundreds of lawsuits brought by school districts seeking to recover costs for addressing the negative impacts of students’...
