Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
COVID-19 Liability Bill for Florida Businesses, Healthcare Providers Signed by Gov
Mar 31 2021 // Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill signed by Republican Gov....
Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue
Mar 31 2021 // Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter. The...
RPS, AXIS Insurance Launch Coverage for Home-Based Businesses
Mar 30 2021 // E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online. The quote-bind-issue...
Insurance Technology: Marble Opens Up Wallet; AXA Funds Idelic’s Analytics; Markel Backs Counterpart Platform
Mar 30 2021 // Insurtechs focused on consumer management of insurance policies and commercial fleet analytics are expanding their reach following funding rounds. Also, a new platform for offering management liability insurance to small...
People Moves: Cole from XS Brokers to Rockwood; Westchester’s Roberts, Fred C. Church’s Sanderson Promoted
Mar 30 2021 // Rockwood Programs Names Cole as Chief Marketing Officer Rockwood Programs Inc., a full-service managing general agency, has appointed Carol Cole to chief marketing officer. In this role, Cole is responsible for marketing...
Florida Lawmakers Send COVID-19 Liability Protection Bill to Governor
Mar 29 2021 // Florida businesses, governments and healthcare providers will be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill the House sent to...
Utah Passes Law Requiring Pilot Insurance Following Plane Crash
Mar 29 2021 // The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the Sept. 12,...
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders
Mar 26 2021 // Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of Professional Liability Insurance at its U.S. managing general agency, Hamilton...
Supreme Court Rejects Ford Stance in Product Liability Venue Dispute
Mar 26 2021 // The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of...
Battle Brews over Texas Bills Aimed at Commercial Vehicle Accident Lawsuits
Mar 25 2021 // A battle is brewing between trucking and insurance industry interests and trial lawyers in Texas over a pair of companion bills introduced in the Texas House and Senate that proponents say are aimed at providing...
W. Virginia Enacts COVID Liability Protections for Employers, Health Care Providers
Mar 25 2021 // West Virginia Gov. Jim Justice has signed a bill that protects employers, health care providers and others from being sued due to the coronavirus pandemic. The bill offers protection from COVID-19 lawsuits even if public...
Industry Loss Reserves Redundant by $28 Billion: Assured Research
Mar 24 2021 // Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that some hard market pricing...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims
Mar 23 2021 // Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euros ($93 million) toward legal settlements resulting from a 2017...
The Inflation Specter Looms for Property/Casualty Insurers
Mar 23 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Risk on Tap for Craft Brewers in a Pandemic World
Mar 22 2021 // Over the past decade, the craft brewing industry has been thriving. From big cities to small towns, niche breweries are growing into cult favorites or mainstream staples, and small taprooms are growing into brewpubs. You...
The Inflation Specter Looms for Property/Casualty Insurers
Mar 22 2021 // Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much...
Texas House Panel Advances Bill Requiring Power Plants to Prep for Extreme Weather
Mar 19 2021 // Several bills responding to Texas’ February power outages including one mandating that power plants prepare facilities for extreme weather and another reforming the Electric Reliability Council of Texas board —...
Employment Practices Insurance in Age of COVID, Vaccines, Shutdowns and Hard Market
Mar 18 2021 // Overall trends for the past 30 years in the employment practices liability insurance market have been influenced by society and culture. As concerns over racial and disability discrimination, sexual harassment, gender...
Next Insurance Targets Businesses That Sell and Buy on Amazon
Mar 18 2021 // In partnership with Amazon, digital small business insurer Next Insurance is offering insurance to businesses that are buyers or sellers on the popular Amazon e-commerce site. The insurer is targeting members of Amazon...
People Moves: Institutes’ Horowitz; Rizzuto from Travelers to IAT; BHSI Adds AIG’s Freid; Ryan Re Leaders
Mar 17 2021 // Horowitz Promoted at The Institutes Katherine Horowitz has been promoted to executive vice president and head of Business Units at The Institutes. Horowitz will oversee the growth and strategic direction of multiple...
