Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: New Hires at Alliant, TMPAA, Risk Strategies
Dec 17 2021 // Alliant Insurance Services Hires Bixby, Leavitt as Senior Vice Presidents Alliant Insurance Services hired Doug Bixby senior vice president. In this role, Bixby will focus on providing management professional lines...
Fox Point Expands E&O Liability Program for Small Business Risks
Dec 16 2021 // Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions...
Millions of Migrants Can’t Get COVID Vaccines Because of Drugmakers’ Liability Fears
Dec 16 2021 // BRUSSELS/BANGKOK – Tens of millions of migrants may be denied COVID-19 vaccines from a global program because some major manufacturers are worried about legal risks from harmful side effects, according to officials and...
Artful Mosaic Insurance Creates Global Agility for Specialty Startup
Dec 16 2021 // Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a...
Insurtech Coalition Forms Captive Insurer to Enhance Cyber Insurance Capacity
Dec 13 2021 // Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs. The captive, domiciled in Hawaii, will provide capacity in...
Reinsurer Says U.S. Should Regulate $17 Billion Litigation Funding Industry
Dec 13 2021 // Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States, Swiss Re said in a recent report. The reinsurer said third-party litigation funding (TPLF) is...
WTW Hires AIG’s Dasan for Construction, Natural Resources; Bogardus Named Chubb’s President for Singapore; AXA XL’s Muzeya Joins Mosaic as Financial Institutions U/W
Dec 8 2021 // This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance. A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural...
People Moves: Kentucky’s Big I; Berkshire’s Life Sciences
Dec 7 2021 // Big I of Kentucky, the association of independent insurance agents in the state, has elected Kevin Desmond as chairman. Desmond, who is president of Desmond Insurance in Bellevue, has been active on the Big I board and...
People Moves: Norgrove to Succeed Egan as RSA CEO, UK & International; Marsh Promotes 3 Senior Leaders for Financial and Professional Specialty
Dec 7 2021 // This edition of International People Moves details appointments at RSA UK & International and Marsh. A summary of these new hires follows here. Norgrove to Succeed Egan as RSA CEO, UK & International Toronto-based...
Property Catastrophe Reinsurance Renewal Rates to Rise by More Than 10%: Fitch
Dec 7 2021 // Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports an improving sector outlook for 2022, according to Fitch...
Sackler Family Denies Scheme to Abuse Bankruptcy System and Avoid Liability
Dec 7 2021 // Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the...
Declarations
Dec 6 2021 // Questions of Facts, Forums “The circuit court fairly concluded that St. Paul’s parallel suit in California was filed for improper purposes, namely forum shopping and the disruption of the orderly resolution of...
Ho Ho Homeowners Questions
Dec 6 2021 // A consumer contacted me via email with an interesting coverage inquiry: “Two questions, please: “I have an in-home ‘business’ involving the manufacturing and distribution of toys for children. I do...
MCI Lloyd’s Syndicate 1902 Offers ‘Ground-Breaking’ Infectious Disease Liability Cover
Dec 3 2021 // Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading...
Insuring Cannabis Summit: What Will the Market Look Like 5 Years from Now?
Dec 3 2021 // Powered by InsuranceJournal.tv This is part of a series of articles from Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. You can find more articles from the summit at the bottom of this one. The green...
Facebook Whistleblower Tells Congress ‘Time Is of Essence’ in Social Media Law Reform
Dec 3 2021 // Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers Wednesday to avert the usual congressional stalemates as they weigh proposals to curb abuses on social media platforms by limiting the...
Joyn Insurance Goes Live With E&S Offerings in 28 States
Dec 2 2021 // New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C. The majority of the new offerings are excess lines of business in 21 states and...
Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes
Dec 1 2021 // When CVS Pharmacies, just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, announced that it was closing 900 stores around the country, some saw it as a sign of the...
Takeaways from Our Conversation on State Cannabis Regulations and Their Impact on Insurance
Nov 30 2021 // Powered by InsuranceJournal.tv Ever heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients are well aware of the term. The...
Florida Bill Would Extend COVID Liability Protection for Health Workers
Nov 29 2021 // A Florida Senate committee has drafted a bill that would extend health care providers’ COVID-19 liability protection for another 14 months. Committee Chair Sen. Danny Burgess The Legislature in 2021 created the...
