Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
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...
Senior Living Market Explodes During Challenging Times
Nov 18 2019 // The senior population continues growing at a time when the insurance market for senior living operations is under strain and both trends are expected to continue. The population of Americans over age 80 will double, from 6...
Higher Limits of Liability for 2020 Denied for TWIA
Nov 18 2019 // In mid-October, Texas Insurance Commissioner Kent Sullivan denied a request by the Texas Windstorm Insurance Association (TWIA) to raise its maximum liability limits for new and renewal policies with an effective date of...
Rate Increases OK’d for Texas Automobile Insurance Plan Association
Nov 18 2019 // Proposed rate increases for both private passenger and commercial auto insurance rates have been approved for the Texas Automobile Insurance Plan Association (TAIPA). The Texas Department of Insurance granted TAIPA’s...
For 2020, Expect Biggest Commercial Insurance Hikes in Years: Willis Towers Watson
Nov 15 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...
Ex-DuPont CEO Backtracks, Says Chemours Liabilities ‘Uncapped’
Nov 15 2019 // DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” for liabilities. Ellen Kullman, who...
Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab
Nov 13 2019 // Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products...
