Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Social Inflation and Increasing Demands Drive Hard Market for Security Industry
May 17 2021 // As insurance markets harden across most lines, many in the industry are looking at the impact of social inflation: Increased litigation, broader contract interpretations and larger jury and settlement awards are driving up...
The Ups and Downs of Insuring Tribal Cannabis
May 17 2021 // There are numerous hurdles that cannabis businesses must get over to get properly insured – price, availability, exclusions, marijuana being federally illegal – but those hurdles may be multiplied for Tribal...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
May 14 2021 // Insurance Services Office (ISO) has released to Big I’s Virtual University the upcoming Homeowners’ multi-state filing tentatively effective beginning in March 2022. Yes, 2022. Eleven years have passed since...
People Moves: Marsh’s Daudt to Oneglobal; MS Amlin’s Boreham to Africa Specialty Risks; Zurich’s Jadav to AXA XL; RFIB’s Hallett to SiriusPoint
May 14 2021 // This wrap-up of international People Moves details recent appointments at Oneglobal Broking, Africa Specialty Risks, AXA XL and SiriusPoint. A summary of these new hires follows here. Oneglobal Broking, the London based...
Medical Professional Liability Market Facing Difficult Times
May 13 2021 // Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year of underwriting losses, according to a new AM Best report. According to the new...
Millers Mutual Insurance Expands Into North Carolina
May 13 2021 // Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North Carolina. As of July 1, 2021, Millers Mutual will offer property & casualty insurance...
First Indemnity to Offer Excess Professional Liability Coverage for Law Firms
May 12 2021 // First Indemnity Insurance Group, a specialty insurance agency providing professional liability products for lawyers and law firms, has launched Excess Protect insurance coverage for law firms of one to 750...
Critics Say Indiana COVID-19 Liability Shield Allows Nursing Home Neglect
May 12 2021 // Advocates for nursing home residents say they worry a new Indiana law expanding COVID-19 liability protections for healthcare providers will effectively block many lawsuits over neglect and substandard treatment that...
Oklahoma Bill Creating Framework for Peer-to-Peer Car Sharing Signed by Governor
May 10 2021 // Oklahoma Gov. Kevin Stitt has signed into law a bill that sets up a regulatory framework for peer-to-peer car sharing. Senate Bill 355, authored by Sen. Paul Rosino R-Oklahoma City, Rep. Lonnie Sims, R-Jenks, and House...
Insurer Sues West Virginia Gov.’s Company for Failure to Pay Deductibles
May 10 2021 // An insurance company alleges in a federal lawsuit that a company run by West Virginia Gov. Jim Justice and his adult children owes $166,000 for workers’ compensation and employers’ liability coverage...
Texas Fetal “Heartbeat” Bill Expands Lawsuit Liabilities Well Beyond Patient, Provider
May 7 2021 // Texas lawmakers are poised to enact sweeping restrictions on access to abortions, prohibiting the procedure before many women know they are pregnant, and opening the door for a potential flood of lawsuits against abortion...
Positive Physicians Insurance Co. Expands Med Mal Coverage into Florida, Georgia
May 7 2021 // Positive Physicians Insurance Co. has been approved by the Florida and Georgia departments of insurance to offer medical malpractice insurance within their respective states. The company obtained admitted status in Florida...
Allstate Q1 Revenue Soars 26% on National General, Premium Gains
May 6 2021 // Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020. However, net income adjusted...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 6 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
Trinity Underwriting Managers, Obsidian Partner on Auto Liability Offering
May 5 2021 // Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has formed a new carrier partnership with Obsidian, an A.M. Best rated “A-” hybrid fronting program carrier. The partnership will add to...
People Moves: AXA XL’s Powell Joins Zurich Financial Lines; BHSI Transactional Adds Lockton’s Thieviasingham
May 5 2021 // Zurich Insurance Group has appointed Timothy Powell as global head Financial Lines and Cyber, a newly-created role that combines lines of business. Powell joins Zurich from AXA XL, where he most recently served as chief...
People Moves: Towne’s Skinner, RT Specialty’s Reynolds Promoted; Buckle Hires Two
May 4 2021 // Towne Financial Services Group Promotes Skinner to President, CEO Towne Financial Services Group (TFSG) has promoted Brian K. Skinner to president and CEO, effective May 1, 2021. TFSG contains all the non-bank divisions of...
Core Specialty, DUAL to Offer Primary, Excess Professional Liability Coverage
May 4 2021 // Core Specialty Insurance Holdings, Inc. and its subsidiaries has formed an underwriting arrangement with DUAL Commercial, LLC to provide primary and excess professional liability limits for qualified classes of business....
Amwins Acquires Equine, Canine Specialist Broker Equisure
May 3 2021 // Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse and dog owners, trainers and organizations. Equisure provides professional liability,...
Nevada Lawmakers Weigh Fire-Fighting Liability, Coordination
May 3 2021 // Nevada lawmakers on April 28 heard three proposals about changing liability laws and helping fire-fighting agencies coordinate their responses. As fire seasons become longer and more dangerous, the Legislature is one of...
