Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW
Dec 16 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial...
McDonald’s Wins Battle With Labor, Avoids Joint Employer Liability with Franchises
Dec 13 2019 // McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to...
Royal Caribbean Cruises Faces Potential Liability for New Zealand Volcano Deaths
Dec 12 2019 // Royal Caribbean Cruises Ltd.’s potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable “act of God,” according to maritime...
McDonald’s Has Friends in High Places in High-Stakes Labor Fight
Dec 12 2019 // In a television commercial that’s become part of the lore surrounding Donald Trump’s affinity for McDonald’s Corp., he embraced a purple, lumpy denizen of the fast-food chain’s...
U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW
Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial...
A.M. Best Weighs In With Stable Commercial Insurance Outlook for 2020
Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Smart Club Program from Insurance Office Of America Targets Member Organizations
Dec 6 2019 // Insurance Office of America has launched Smart Club Program – a new program exclusively for athletic, city, country, faculty, golf, military, town, and yacht clubs. The Smart Club Program is custom designed for the needs...
Argo Group Hires QBE’s Grange to Join U.S. Leadership Under New Structure
Dec 3 2019 // Specialty insurer Argo Group International Holdings has named Jeff Grange to serve as an executive vice president for U.S. operations. In this role, Grange will lead the following businesses: Argo Casualty, Argo Pro, Argo...
Ohio Court to Consider Teacher Liability in Bullying Case
Dec 3 2019 // The Ohio Supreme Court has agreed to hear a case over whether educators were reckless in failing to prevent an injury to a student even though they had been notified she was being bullied by a fellow kindergartner. The...
Program Business Continues Record Growth Despite Market Challenges
Dec 2 2019 // Underwriters Search for ‘New’ and ‘High Risk’ Spaces to Target Fueled by investments from insurtechs and interest in niche classes, the program business market has experienced record growth over the...
Seller’s Market to Deliver Biggest Commercial Rate Hikes in Years
Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While...
AM Best Upgrades Rating of Texas Hospital Insurance Exchange
Nov 26 2019 // AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Texas Hospital Insurance Exchange...
E-Cigarette Maker Juul Pulled Into Tobacco Product Liability Case
Nov 26 2019 // A Florida state court judge ordered the co-founder of the e-cigarette maker Juul Labs Inc. to answer questions under oath in a case involving a woman suing the cigarette-maker Philip Morris USA. While Juul has challenged...
BerkleyMed and Berkley Healthcare Merged Into One
Nov 25 2019 // W.R. Berkley Corp. said it has combined two of its healthcare-focused operating units in a bid to strength how it offers their products to customers. BerkleyMed and Berkley Healthcare are now blended into a single...
AM Best Withdraws Credit Ratings of Members of Wisconsin County Mutual Group
Nov 25 2019 // AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” of Community Insurance Corporation and Wisconsin County Mutual Insurance Corp., both domiciled...
Texas On-Demand Delivery Service Now Providing Commercial Auto Insurance to Drivers
Nov 19 2019 // Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery...
AIG’s Marshall Joins CFC as Transaction Liability Practice Leader
Nov 19 2019 // Specialty insurer CFC has appointed Angus Marshall as its Transaction Liability practice leader. Marshall joins CFC from American International Group where he led the UK and London Market mergers and acquisitions (M&A)...
Financial Institutions Offering from Hanover Targets Asset Managers, Depositories
Nov 18 2019 // The Hanover Insurance Group has launched Hanover Financial Institutions Advantage, a new offering that provides small to mid-sized asset managers and depository institutions with coordinated property, casualty, management...
2020: What to Expect in Commercial Insurance
Nov 18 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth quarter–and for some, will continue into the new year, according to a recent report from...
