Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms
Feb 16 2023 // Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by...
Fla. Tort Bill Brings it: Limits Damages, Ends Fee Multipliers, Discloses LOPs – and More
Feb 16 2023 // Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known as letters of protection. But critics say the instruments, in which doctors agree to...
Nebraska Supreme: Rental Car Customer Doesn’t Owe Avis for ‘Voluntary’ Payment
Feb 15 2023 // No one threatened to sue Avis Rent a Car after Roynetta McDavid’s little sister borrowed her rental car without permission and smashed it into another vehicle. But a claims handler for the company paid three people...
Nurse Practitioner Claims Have Increased Since 2017 but COVID Effect Yet to Play Out
Feb 14 2023 // The distribution and severity of nurse practitioner (NP) office practice setting claims have increased sharply since 2017, according to a new report from CNA in collaboration with its business partners at Nurses Service...
Texas Bill Would Require Law Enforcement to Carry Liability Insurance
Feb 9 2023 // A bill introduced last week by a Texas lawmaker would require law enforcement officers in the state to carry liability insurance as a condition of employment. Rep. Jolanda Jones, D-Houston, proposed House Bill No. 1808,...
The Super Bowl Is Coming… Are Your Clients Planning Accordingly?
Feb 9 2023 // Hurts will try and put the hurt on Mahomes. The brothers Kelce will battle it out. The pregame show will last six hours. People will watch commercials they will actually remember. Rihanna at the half. Confetti and...
U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
Feb 6 2023 // Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies‘ bankruptcy, accusing the company of using bankruptcy...
10 Emerging Risks & Markets to Know About
Feb 6 2023 // Insurance Journal examined industries experiencing changes and a few challenges due to economic forces, tough insurance market conditions, and societal pressure. Here are 10 industry sectors that could see new and emerging...
Risk Management in the Metaverse
Feb 6 2023 // For many, the “metaverse” sounds like some obscure sci-fi fantasyland. You may be asking, where is it? How does one get there? Well, if you’re reading this article on a screen, you are already scratching...
Carolina’s Curi Merges with Constellation Medical Liability Insurer Group
Feb 2 2023 // Curi Holdings, a Raleigh-headquartered medical liability insurance company, plans to merge with Minnesota-based Constellation Inc., creating a company with more than $2 billion in assets, the companies said in a press...
Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage
Jan 31 2023 // Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL)...
New York Gov. Hochul Vetoes Wrongful Death Damages Bill
Jan 31 2023 // New York Gov. Kathy Hochul last night vetoed a measure that would have expanded wrongful death benefits after her late bid for amendments was rejected by the sponsors of the bill. In vetoing the Grieving Families Act,...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’
Jan 30 2023 // There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon...
Today Is Deadline for New York Gov. Hochul to Decide on Bill to Expand Wrongful Death Damages
Jan 30 2023 // Today is the deadline for New York Gov. Kathy Hochul to decide whether to sign legislation that will expand the types of damages that could be won in wrongful death cases. The bill, known as the Grieving Families Act,...
Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability
Jan 26 2023 // Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun off a subsidiary that took on its liability from asbestos litigation and...
Hardening Construction Market Gives Way to Rise of Captives
Jan 25 2023 // Amid a historically hard construction market, middle and large-sized companies looking for alternatives to traditional insurance may turn to captives to find stable pricing and greater capacity. Captives, licensed...
Washington Insurance Commissioner’s Report on Utilities’ Liability Shows Increased Costs, Exclusions
Jan 23 2023 // The Washington Office of the Insurance Commissioner recently delivered a report to the state Legislature and governor on the liability insurance market for electric utilities in Washington. The OIC worked with the...
The Pickleball Explosion Comes with Opportunity, Challenges
Jan 23 2023 // If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country. In the last three years, the number of players has jumped by more than 40%, by some measures. In Minnesota,...
Regulators Approve Texas Electricity Market Reform
Jan 20 2023 // The Public Utility Commission voted Thursday to make a substantial change to the state’s electricity market in a controversial effort to get the whole system to be more reliable. The agency said it will let the...
People Moves: Law Firm Constangy Expands With New Cyber Team; Kimball Hughes PR Promotes Coyne; NFP Hires Ferreira to Lead Pro Liability
Jan 20 2023 // National labor and employment law firm Constangy, Brooks, Smith & Prophete welcome a 44-member team, including 32 experienced attorneys, in a significant expansion of the firm’s cybersecurity & data privacy...
