Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden
Jun 25 2021 // These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden. A summary of these appointments follows here. Insurer Ascot Group announced the expansion of its U.S....
Bezos’ 2021 Space Odyssey Is a Risk Too Far for Insurers
Jun 25 2021 // Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon CEO Bezos, a lifelong...
Assessing Options for Managing the Risks and Insuring Communicable Diseases
Jun 22 2021 // Within weeks, it had all changed. As a pandemic spread and took root in an unprepared world, many organizations were finding out that their insurance policies would not cover the one event that had brought global business...
People Moves: Srygley in New C&F Role; Lopez Joins Mosaic; CLARA Names CEO; IronHealth Has New President
Jun 21 2021 // Crum & Forster Adds Srygley in Captives, Gig Economy Roles Further strengthening its Captive Solutions and Sharing (Gig) Economy practices, Crum & Forster’s Accident & Health (A&H) Division has...
Seacor: Pay Debt With $25M in Overturned Louisiana Boat’s Insurance
Jun 21 2021 // The owner of an offshore oilfield boat that overturned off Louisiana plans to use $25 million in insurance on the vessel to pay down part of the Texas company’s debts. Attorneys for families of men killed when the...
Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market
Jun 21 2021 // It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction industry continues to face labor shortages, rising costs, supply chain woes and lingering...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
Jun 21 2021 // Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new...
What Is Umbrella Coverage and Why Should Your Customers Buy It?
Jun 21 2021 // I came across this comment in a social media group that I subscribe to. Someone was lamenting that their personal umbrella premium went up. As I read the post, I noted that even with the premium increase, that person was...
Scale Underwriting Introduces Social Media Influencer Liability
Jun 18 2021 // Scale Underwriting, a Founder Shield company that provides tailored insurance products for high-growth companies, has launched Scale Social, a media liability insurance policy for social media influencers and their...
Hub Introduces Transportation Industry Excess Liability Product
Jun 18 2021 // Chicago-based Hub International Limited has introduced a transportation excess liability/umbrella proprietary product helps clients reduce risks and protect them from potentially large losses. The Hub Drive Excess...
Cannabis Wholesaler Cannasure Now Operating in California
Jun 17 2021 // Cannasure Insurance Services is now providing its wholesale brokerage and managing general agent services to retail brokers representing insureds domiciled in California. Cannasure announced it will offer property capacity...
People Moves: Jencap’s Maher, XS Brokers’ Mordarski Promoted; AGCS Hires Two
Jun 16 2021 // New York’s Jencap Group Promotes Maher to President Jencap Group LLC, a New York-headquartered national wholesale intermediary, has promoted Mark Maher to president. In his new role, Maher will work with the Jencap...
NFP, Vault Introduce Exclusive Group Excess Liability Program
Jun 14 2021 // NFP and Vault have launched the NFP/Vault Group Excess Program to provide select, qualifying employers and wealth management organizations an opportunity to expand their scope of benefits and offerings and extend to their...
Texas Healthcare Providers to Pay More than $1M in False Claims Case
Jun 11 2021 // Three separate Texas healthcare providers will pay a collective $1,056,340.50 to resolve liability under the False Claims Act for the alleged improper billing of electro-acupuncture devices, the U.S. Attorney’s...
Bell and Clements Launches Intellectual Property Insurance for Law Firms
Jun 10 2021 // Bell and Clements Inc., part of Munich Re Specialty Insurance (MRSI), is launching an Intellectual Property Legal Professional Liability (IPLPL) product specifically designed for law firms of all sizes with 65% or more of...
Volkswagen’s D&O Liability Insurers Agree to Pay €270M of Diesel Emissions Payout
Jun 10 2021 // FRANKFURT — Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million)...
People Moves: New Hires at Maryland Insurance Administration, Ascot; Millers Mutual Promotes Begyn
Jun 8 2021 // Ascot Appoints Lillegard as Group Chief Actuary Ascot has appointed Matthew Lillegard as group chief actuary. He will be responsible for leading the overall Ascot Group actuarial functions and will work in close...
How to Manage Social Media Liability in the Workplace: RIMS
Jun 7 2021 // “I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have...
Logic & Language and Forms & Facts Homeowners Coverage for Watercraft
Jun 7 2021 // It’s now boating season in most parts of the country, so let’s explore some watercraft coverage issues under homeowners insurance. For the educational and illustrative purposes of this article, we’re...
Making the Case for Professional Liability in Law Enforcement
Jun 7 2021 // Almost a year ago, I wrote an article, asking the question, Do Police Officers Need to Buy Professional Liability? It’s still a good question and I’d like to explore it again from another direction. What might...
