Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Bankruptcy Judge Says Purdue Pharma’s Sacklers Face ‘Substantial’ Liability Risk
Aug 24 2021 // The judge overseeing Purdue Pharma’s bankruptcy said on Monday that some members of the Sackler family who own the OxyContin maker face a “substantial risk” of liability and could be on the hook for...
Maine Enacts Law That Will Ban Use of ‘Forever Chemicals’ in All Products by 2030
Aug 20 2021 // Maine last month enacted a law that makes it the first U.S. state to ban the use of PFAS, or per- and polyfluoroalkyl substances, in nearly all products. PFAS are commonly referred to as “forever chemicals”...
With Federal Legalization Expected, Cannabis Insurers Quietly Get Ready to Roll
Aug 20 2021 // Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. While 36 U.S. states and...
People Moves: ClearPath Promotes Mudd; Beecher Carlson Adds O’Reggio
Aug 18 2021 // ClearPath ClearPath Mutual Insurance Company has promoted Jo Jo Mudd to Underwriting Manager. Mudd joined the company in 2010 when it was KESA, The Kentucky Workers’ Compensation Fund, as a Senior Underwriter. Most...
Sacklers: Purdue’s ‘Moral Responsibility’ to Pay for Opioid Crisis Tied to Liability Shield
Aug 18 2021 // A member of the Sackler family that owns Purdue Pharma testified on Tuesday that his family bears a “moral responsibility” to help abate the U.S. opioid crisis but said it will not contribute financially to the...
Risk Strategies Acquires Florida Medical Malpractice Liability Firm Danna-Gracey
Aug 16 2021 // Risk Strategies, a national specialty insurance brokerage and risk management firm, has acquired Danna-Gracey, a specialist in medical malpractice insurance headquartered in Delray Beach, Florida. Terms of the deal were...
Takeaways from Our Conversation about Cannabis Product Liability Suits Worth Watching
Aug 16 2021 // Powered by InsuranceJournal.tv If you ask just about any insurance pro or risk manager to list the top exposures for a company, being sued is likely to be right up there. And if you boiled that down into another list,...
Insurers Expect COVID-19 Liability Claims Against Employers as Employees Return
Aug 16 2021 // Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after 18 months of...
Oklahoma Supreme Court: Progressive’s Uninsured Motorist Exclusion Not Lawful
Aug 16 2021 // Oklahoma’s highest court found that an insurer’s uninsured motorist exclusion violates state law. The Oklahoma Supreme Court came to that conclusion in answering a certified question from the U.S. Court of...
Trial Begins Over Sacklers, Purdue Pharma $10 Billion Opioid Liability Exit Plan
Aug 12 2021 // Purdue Pharma LP and its owners, members of the Sackler family, are nearing the end of their decades-long association with opioids, seeking court approval to pay billions of dollars and walk away from the business that...
Texas Outlines Legislative Changes in SB 1367 Related to Property/Casualty Insurance
Aug 10 2021 // Noting the passage in the 87th Legislature of Senate Bill 1367, which made changes to certain lines of insurance, the Texas Department of Insurance has outlined the changes that are effective for an insurance policy that...
McGowan Acquires Assets of Michigan’s Arbanas & Associates
Aug 10 2021 // The McGowan Companies (McGowan) acquired the assets of Arbanas & Associates (Arbanas) in Grosse Pointe Farms, Michigan, effective Aug. 1. Arbanas specializes in writing professional liability for accountants, lawyers,...
People Moves: WSS Adds Brininstool in Texas; Skyward Specialty Expands With New Hires
Aug 10 2021 // Western Security Surplus Insurance Brokers Plano, Texas-based wholesale brokerage and general agency Western Security Surplus Insurance Brokers (WSS), an XPT Partners company, hired Blake Brininstool as a broker and...
Marsh Brokers New Amazon Insurance Network Offering Coverage to Online Sellers
Aug 10 2021 // Insurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage. Amazon...
Insurers Expect COVID-19 Liability Claims Against Employers as Employees Return
Aug 6 2021 // Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected wave of discrimination claims as employers call staff back to their desks after 18 months of...
Mexico Seeks $10 Billion in Damages in Liability Suit Against U.S. Gun Makers
Aug 4 2021 // Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading...
Beazley Launches Suite of Life Sciences’ Insurance in Asia Pacific
Aug 4 2021 // Specialist insurer Beazley has launched a suite of covers to protect organizations within Asia Pacific’s rapidly expanding life sciences sector. In an environment in which risk exposures are complex and varied –...
People Moves: Hartford Names Burns to Lead Marketing/Comms; Beazley Promotes Beerli for Specialty Risks, U.S. Programs; Purtill Is CRO at AIG
Aug 3 2021 // Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and communications officer, effective Sept. 1. Claire Burns Burns will report directly to...
N.M. Gas Stations Can Be Sued for Selling to Drunken Drivers
Aug 3 2021 // Gas station retailers are reeling from a recent New Mexico Supreme Court decision that finds the stores can be held civilly liable for selling gas to intoxicated drivers. The July ruling could have major ramifications for...
Mosaic Insurance Launches Transactional Liability Market
Aug 2 2021 // Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty...
