Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
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...
Who Will Pay for the Freeze and Subsequent Meltdown in Texas?
Mar 16 2021 // Today in Texas homes and businesses, the lights are on and clean water flows. But for one week in February, the entire state of Texas was brought to its knees by a massive winter storm creating such a demand for...
Examining liability gaps for allied healthcare businesses
Mar 15 2021 // This post is part of a series sponsored by The Hanover Insurance Group. General and professional liability coverage is a key component of insurance protection for allied healthcare businesses. However, healthcare...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble
Mar 11 2021 // See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of insurtech Thimble, which is currently working on coverage for small business customers during...
21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines
Mar 10 2021 // Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He will have overall underwriting responsibility for Directors and Officers...
Workers’ Compensation Remained Outlier as Commercial Prices Continued Rising in Q4
Mar 9 2021 // U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020. Again, except for workers’ compensation. According to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey...
Florida House Approves COVID Liability Shield for Businesses
Mar 9 2021 // Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill passed by the House on Friday. The House also passed a bill...
M.J. Hall & Co. Expands Admitted Cannabis Insurance Product into Arizona
Mar 8 2021 // M.J. Hall & Co. has introduced an admitted cannabis insurance product in Arizona. March 8 is the effective date for the Cannabis Businessowners Policy (CannaBOP) in Arizona, which the wholesale insurance brokerage...
Sierra Specialty Launches Nationwide Agribusiness Program
Mar 8 2021 // Sierra Specialty has launched an agribusiness program now available in all 50 states. Sierra Specialty has sole authority to underwrite, bind, and issue policies for this program, focusing on the farming and agriculture...
