Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
South Carolina Bars, Eateries Closing Down for Lack of Affordable Liability Coverage
Sep 18 2023 // Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto...
Delaware: Professional Services Exclusion Didn’t Bar False Claims Act Settlement
Sep 18 2023 // A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its...
For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Sep 14 2023 // Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a new AM Bestreport. The new...
Markel Opens 3 Offices in Australia, Hires Morison From AXA XL as Managing Director
Sep 14 2023 // Markel, the insurance operation within Markel Group Inc., announced it is has hired an in-country leader for Australia and will open three new offices there in September 2023. These offices, in Sydney, Melbourne and...
People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk
Sep 12 2023 // This edition of International People Moves details appointments at Mosaic and Everest Reinsurance. A summary of these new hires follows here. Mosaic Expands Team of Underwriting Specialists in Canada Mosaic Insurance has...
Texas Power Grid Faces New Challenges Amid Summer Heat and High Demand
Sep 11 2023 // HOUSTON (AP) – Texas’ power grid has been under tremendous stress during this summer’s sweltering heat, with the state setting 10 new records for electricity demand. The grid`s reliability has been questioned...
Verizon Pays $4M to Settle Federal Cybersecurity Claims But Admits No Liability
Sep 6 2023 // Verizon Business Network Services of Ashburn, Virginia, has agreed to pay $4,091,317 to resolve False Claims Act allegations that it failed to completely satisfy certain cybersecurity controls in an information technology...
People Moves: Starr Names Magee VP, Int’l Head of Financial Lines & Professional Liability; Hub Int’l Taps Hartman as EVP, Strategic Client Service Operation
Sep 5 2023 // Christopher Magee Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business...
California Regulators OK More Gas Storage Capacity at The Site of Massive Methane Leak
Sep 5 2023 // California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from...
Turnover, Inflation, Operating Costs Add to Insurance Woes for Senior Living Industry
Sep 4 2023 // Professional liability and property insurance are top of mind for senior living operators, who are experiencing a challenging market driven by high staff turnover, inflation and heighted operating costs. The cost of labor...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
Sep 4 2023 // At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At...
Skyrocketing Bodily Injury Claims Spill Over to Professional Liability Insurance Market
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by...
Update: 3M to Pay $6 Billion to Settle Military Earplug Lawsuits
Aug 29 2023 // 3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops. The company will pay $5 billion in cash...
3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs
Aug 28 2023 // 3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said. The settlement would avert a...
Employer Hosting Golf Outing Not Liable for Drunk Driver, Pennsylvania High Court Says
Aug 24 2023 // The Pennsylvania Supreme Court has declined to extend the state’s liquor liability law to social hosts. The high court cited a half-century of precedent in upholding lower courts in a case where an employer hosting a...
Insurer Berkley Wants Judge in Virginia to Toss $5.8M Jury Verdict Over Mold Claim
Aug 23 2023 // Berkley Assurance Co. is asking a federal judge in Virginia to throw out a $5.8 million jury verdict against it in a case where the insurer maintains a construction firm failed to notify it of its mold claim in a timely...
People Moves: Drogin Cyber Leader at Mosaic; Loney to Lead Specialty Casualty at DUAL North America
Aug 21 2023 // David Drogin will lead cyber business growth in the U.S. as Mosaic Insurance‘s senior vice president, head of U.S. cyber. He will report to Global Head of Cyber Yosha DeLong. Drogin will be responsible for leading...
Court Nixes Suit Over New Jersey Gun Liability Law, Says Challengers ‘Jumped the Gun’
Aug 21 2023 // A federal appellate court has dismissed a lawsuit challenging a New Jersey law that allows the state attorney general to bring “public nuisance” claims against gun manufacturers and others who market...
The Advance Pay Rule and Other Unique Aspects of Montana Claims Processing
Aug 16 2023 // This post is part of a series sponsored by AgentSync. Montana, aka the Treasure State. Known for its breathtaking views, sub-zero winters, and… an insurance claims process that rivals Florida in nuance? If you’re...
InclusionScore CEO: Recent Events Highlight Need to Rein in Costly D&I Risk
Aug 16 2023 // At the end of June, James Felton Keith read the news of the U.S. Supreme Court’s majority rulings regarding affirmative action in higher education, and the application of free speech in anti-discrimination law. At...
