Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy
Mar 29 2024 // It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according...
Titanic Law Helps Ship Owner Limit Bridge Collapse Liability
Mar 27 2024 // The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network...
Stacking Cracks: 30 Years of UIM Coverage Rules Are Wrong, NC Supreme Court Says
Mar 26 2024 // North Carolinians can no longer stack underinsured motorist policies to compare to liability limits in order to boost the amount of coverage in an accident, the state Supreme Court said last week in a decision that...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Mar 25 2024 // Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be overblown, according to...
Louisiana Debates Civil Liability Over COVID-19 Vaccine Mandates
Mar 25 2024 // BATON ROUGE, La. (AP) — Three years after COVID-19 vaccines became widely available in the United States, Louisiana continues to debate policies related to inoculation mandates, including civil labilities if a work place...
Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting
Mar 20 2024 // A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court...
Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023
Mar 20 2024 // Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from...
Florida High Court Ruling Could Cut Damages for Bars Serving Booze to Minors
Mar 20 2024 // Insurers in Florida can can contemplate potentially lower loss costs on liquor liability policies after a recent state Supreme Court ruling that clarified when bars and restaurants can be held partially versus completely...
Florida Jury: NICO Did Not Act in Bad Faith in Crash That Killed 4 Women From Spain
Mar 18 2024 // Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not...
A Look at the Liquor Liability Landscape
Mar 18 2024 // Liquor liability availability and pricing have put small business owners in the alcohol-related sector in some states in a bind. While securing coverage is easy in some areas, premiums have skyrocketed and carriers have...
Squeezed from All Sides: Restaurants Pressured by Labor, Food, Insurance Costs
Mar 18 2024 // The food services industry is anticipating record sales for 2024. But insurance specialists serving the restaurant and bar sector say that forecast isn’t all good news. With higher sales come higher costs all...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers
Mar 18 2024 // Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released in February by Gallagher Re’s Strategic and Financial...
Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product
Mar 13 2024 // QBE has created a Healthcare practice group and has launched a Healthcare Advantage Liability product. The Healthcare practice group will be supported by all regional offices in the UK and aims to provide a more focused...
People Moves: Stratico Appointed Professional Liability Practice Leader at Brown & Riding
Mar 12 2024 // Brown & Riding, headquartered in Dallas, appointed Bill Stratico national professional liability practice leader. Stratico has over 35 years of industry experience. He joined Brown & Riding in 2010 as a management...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Mar 11 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district...
Alabama Governor Signs Legislation Protecting IVF Providers from Legal Liability
Mar 8 2024 // MONTGOMERY, Ala. (AP) — Facing pressure to get in vitro fertilization services restarted in the state, Alabama’s governor swiftly signed legislation into law Wednesday shielding doctors from potential legal...
Markets/Coverages: Mosaic Launches Primary Tech E&O Cover With Capacity of $15M
Mar 7 2024 // Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber...
3 Key Trends Impacting Construction Contractor Liability in 2024
Mar 7 2024 // This post is part of a series sponsored by IAT Insurance Group. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge[1] in spending for nonresidential...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Mar 6 2024 // Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called...
Markets/Coverages: Mosaic Offers $25M in Liability Protection for Asset Managers
Mar 6 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of specialized financial institutions products, offering $25 million in investment management insurance (IMI), blended with cyber and other...
