Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims
Sep 11 2024 // Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related...
Moody’s Acquires Praedicat to Add Casualty and Liability Models
Sep 5 2024 // Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry. Terms of the deal...
Taking Your Adjuster Licensing from a Liability to an Asset
Sep 3 2024 // This post is part of a series sponsored by AgentSync. Managing adjusters across multiple lines of business and in many states is notoriously painful. The complications of state nuances, the tightening timelines for...
Navigating Professional Liability for Design Firms
Sep 2 2024 // The professional liability market for architects and engineers is continuously adapting to new trends and challenges. These shifts bring both opportunities and obstacles for brokers and design professionals. While there...
Managing Management Liability Risk in Today’s Market
Sep 2 2024 // The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory...
US Appeals Court Takes Aim at Big Tech Liability Shield
Aug 29 2024 // A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of...
Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield; Encore Fiduciary Moves Into Management Liability
Aug 22 2024 // The Hanover Enhances Its Holistic Work Safe Program The Hanover. Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling. The...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
Aug 16 2024 // A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts Appeals Court has held for...
People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine
Aug 15 2024 // This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team,...
Youth Sports Liability Market in ‘Armageddon Mode’
Aug 5 2024 // Beset with massive rate increases, dramatic rejections of coverage, and severely dwindling market capacity, the current youth sports liability market is historically challenging, according to insurance professionals with...
PFAS Liability for Water District Remediation Costs Estimated Up to $175B
Aug 1 2024 // Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting...
Illinois Legislature Clarifies Damages Under BIPA to Avoid ‘Annihilative Liability’
Jul 26 2024 // A bill (SB2979) amending Illinois’ Biometric Information and Privacy Act (“BIPA”), passed by both houses of the legislature on May 16 and now on Governor J.B. Pritzker’s desk, effectively overturns...
People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO
Jul 19 2024 // Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with...
US P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Jul 15 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...
Commercial Auto Insurance Profit Struggles Continue
Jul 15 2024 // The commercial auto insurance segment maintained its place as a weaker-performing U.S. property/casualty insurance product line in 2023. Despite successive periods of pricing and underwriting actions, commercial auto has...
People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP
Jul 12 2024 // Joseph Madigan AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market. Madigan joined AXA...
Nuclear Verdicts: How They Affect Transportation Companies and the Importance of Liability Insurance
Jul 9 2024 // This post is part of a series sponsored by Trucordia. The transportation industry is filled with risks. Unexpected events can lead to costly legal outcomes called “nuclear verdicts.” These are lawsuit damages...
Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs
Jul 9 2024 // It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief...
Can Insurers Sue School Boards for PIP Claim Reimbursement? Florida Courts Differ
Jul 9 2024 // In 1997, Florida lawmakers tweaked the state’s personal injury protection or “no-fault” auto insurance law. The idea was to allow school kids injured in a school bus accident to have some of their medical...
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...
