Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Rate Increases Approved for Texas Auto Insurer for Residual Market
Nov 12 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...
Supreme Court Allows Sandy Hook Families’ Liability Lawsuit Against Gunmaker
Nov 12 2019 // The U.S. Supreme Court dealt a blow to the gun industry, refusing to block a lawsuit against Remington Arms Co. by family members of nine people killed in the 2012 Sandy Hook Elementary School massacre. The lawsuit blames...
What to Expect in Commercial Insurance Market Conditions Heading Into 2020
Nov 12 2019 // Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth—and for some, will continue into the new year, according to a recent report from broker USI...
EPIC Launches Site Pollution Liability Insurance Program for Cannabis Risks
Nov 12 2019 // Greyling Insurance Brokerage & Risk Consulting (Greyling), a division of EPIC Insurance Brokers & Consultants (EPIC), has launched a nationwide site pollution liability insurance program for the emerging cannabis...
Reuters Report: How Plaintiff Lawyers Help Corporate America Keep Its Secrets
Nov 8 2019 // Paula Lawlor was sifting through piles of internal General Motors Co. documents in a hotel room outside of Los Angeles when she hit pay dirt: Company records showing that GM knew for years that stronger roofs on its...
Kaufman Group, Burns & Wilcox Promote 23 Associates Including D’Antoni
Nov 8 2019 // Global insurance services firm H.W. Kaufman Group and its subsidiary Burns & Wilcox, a North American wholesale insurance broker and underwriting manager, have announced numerous leadership promotions. Twenty-three...
The Lowdown: Cannabis 101 in 300 Minutes or Less
Nov 5 2019 // On October 17th, the Insurance Journal hosted a virtual, 6 hour, live summit on insuring the cannabis industry. With 2,300 pre-registrants, an additional 200 joined in as the day progressed. These viewers represented over...
Ascot Launches U.S. Management Liability and Financial Institutions Unit
Nov 5 2019 // Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president. The new group will offer a wide range of admitted and non-admitted, primary and excess directors...
RLI, Gridiron Form Excess Liability Binding Authority Partnership
Nov 4 2019 // RLI has formed a partnership with Gridiron Insurance Underwriters to offer RLI’s excess liability binding authority insurance through Easy Excess, Gridiron’s dedicated online wholesale excess liability...
Managing Liability from Electronic Logging Devices on Commercial Vehicles
Nov 4 2019 // Operating commercial vehicles, whether as a single driver or the owner of a fleet, carries with it significant liability. And, risks are only increasing. The commercial automobile insurance line has been a loss leader...
Resolving Claim Disputes: Step 3 Research and Document the Interpretation – Part 3 of 3
Nov 4 2019 // In the past two columns, we examined eight legal and contractual principles nonlawyers can use to resolve most claim disputes without litigation. In this month’s column, we’ll wrap up this discussion with nine...
Ironshore Names Leahy as President of Professional Liability Unit IronPro
Nov 1 2019 // Ironshore has announced that Thomas F. Leahy, Jr. has been named president of IronPro, its professional and management liability division. He will be responsible for overseeing all aspects of marketing, underwriting and...
Higher Limits of Liability for 2020 Disapproved for Texas Windstorm Insurer
Nov 1 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...
A Quick Introduction to Occurrence vs. Claims-Made Forms
Oct 30 2019 // We received this question recently. I have inherited an account where the primary CGL was written on an occurrence form and the excess liability was written on a claims-made form. Can you help explain why this isn’t...
Saxe Doernberger & Vita Hires Manobianca as Of Counsel in Northeast Office
Oct 24 2019 // Saxe Doernberger & Vita P.C. (SDV) has hired Stacy Manobianca as an Of Counsel attorney in its Northeast office. Manobianca is experienced in all aspects of litigation, including depositions and motion practice as well...
Ex-DuPont CEO Claims No Intent to Burden Chemours with Unlimited Liabilities
Oct 24 2019 // DuPont de Nemours Inc. never intended to saddle its spinoff Chemours Co. with “unlimited exposure” to its liabilities, DuPont’s former chief executive officer said, sending Chemours stock up...
Florida Specialty CEO Disputes State Regulator’s Claims, Says Insurer Not Insolvent
Oct 24 2019 // The head of recently shuttered Florida Specialty Insurance Co. says that claims by Florida’s insurance regulator that the company is insolvent are untrue. The company’s CEO, Susan Patschak, argues...
Travelers Q3 Profit Falls on Asbestos, Commercial Liability and Auto Claims
Oct 22 2019 // The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter. Core income in the current quarter was $378 million compared to $687 million in the...
Insurtechs Discovering the Value of Agents
Oct 21 2019 // Insurtechs have been making headlines for several years with how they are changing the insurance business and the threat they pose to traditional insurance distribution. But as these fledgling insurance technology firms...
A Modern Economy Demands Modern Protection: Advancing Liability Coverage into the Digital Age is Imperative — and Long Overdue
Oct 21 2019 // Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing...
