Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
XPT Group, Watford Insurance Launch Trucking Program for Underserved Risks
Oct 2 2019 // W.E. Love & Associates, LLC, a subsidiary of XPT Group LLC, has launched a new Platinum Trucking program with Watford Insurance Co. to offer coverages for high-quality, experienced trucking firms that just miss being...
Switzerland’s Helvetia to Begin Underwriting Worldwide Aviation Insurance in October
Sep 30 2019 // Helvetia Specialty Lines CH & International announced it will begin writing aviation insurance in October. Helvetia’s aviation team will offer worldwide insurance coverage for passenger liability, third-party...
Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch
Sep 25 2019 // After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and restoring profitability, according to Fitch Ratings, after several years of flat premium...
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings
Sep 20 2019 // The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s...
Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles
Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...
Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts
Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference. Speaking at the Keefe, Bruyette & Woods Insurance...
Gallagher Hires Kambos to New York Management Liability Practice
Sep 12 2019 // Gallagher, a global insurance brokerage, risk management and consulting services firm headquartered in Rolling Meadows, Ill., has hired Mike Kambos as its area senior vice president for New York’s Management...
Canadian Insurtech Apollo to Offer Educators Liability Coverage in California
Sep 12 2019 // Apollo Insurance Solutions, a Canadian insurance marketplace, has entered the American market with a liability insurance product tailored for educators in California. The product allows consultants, instructors, and...
Hula Hoop Tree Raises Liability Concerns for Iowa County
Sep 11 2019 // Liability concerns have been raised about the Hula Hoop Tree that sits alongside a county road in eastern Iowa. The Jones County Board of Supervisors was scheduled to discuss the concerns at the board meeting in Anamosa....
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter
Sep 10 2019 // Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance...
Dive Boat Owners Seek to Head off Lawsuits After 34 Die in Fire off California Coast
Sep 6 2019 // The owners of the dive boat where 34 people perished in a fire off Southern California filed a lawsuit Thursday to head off potentially costly litigation, a move condemned by some observers as disrespectful to the families...
Cyber Coverage Confusion
Sep 5 2019 // I had the opportunity recently to read two cyber liability policies and they honestly made my head spin a little. There were coverages that I hadn’t thought about and restrictions that didn’t make sense (at...
