Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
South Carolina DOI Sets Another Data Call on Liability Market Issues in the State
Jun 10 2024 // The South Carolina Department of Insurance is again requesting carrier data on the health of liability insurance markets in the state. “As you are aware, South Carolina and other states have seen liability markets...
After 11 Deaths, Lawsuit, Arrests at Jail, Travelers Drops NC Sheriff’s Liability Coverage
Jun 7 2024 // After multiple deaths in the jail, criminal charges against an employee and alleged sexual relationships with inmates, a North Carolina sheriff’s office has lost its law enforcement liability insurance coverage from...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says
Jun 7 2024 // “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the assessment...
Massachusetts Drivers Lose Second Bid for Class Certifications Over Lost Resale Value
Jun 7 2024 // Three Massachusetts drivers have hit a dead end for the second time in their drive for court certification of class actions against two auto insurers over missing payments for the lost resale value of vehicles. Superior...
Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line
Jun 7 2024 // Nirvana, the London-based managing general agent and Lloyd’s coverholder, announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority with an increased £/$/€10 million...
Brazilian Butt Lift Clinics Must Now Carry Liability Insurance Under New Florida Law
Jun 6 2024 // Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into...
NSM Acquires Reinsurance MGA Strategic Underwriters International
Jun 5 2024 // Global specialty insurance broker NSM Insurance Group has completed its acquisition of Strategic Underwriters International (SUI). Based in Doylestown, Pennsylvania, SUI is a managing general agent (MGA) in the casualty...
People Moves: Skyward Specialty Expands Media Liability Team
Jun 4 2024 // Skyward Specialty Insurance Group, headquartered in Houston, named three new members to its media liability team Andrea Taylor is Skyward’s new vice president of media liability. Taylor has 25 years of leadership and...
Oregon Utility Regulator Rejects PacifiCorp Request to Limit Liability in Wildfire Suits
Jun 4 2024 // Oregon utility regulators have rejected a request from PacifiCorp that sought to limit its liability in wildfire lawsuits. Under the proposal, PacifiCorp would only have been responsible for paying out actual economic...
RiverStone Acquires Electric Insurance; Plymouth Rock Gets Renewal Rights
Jun 3 2024 // RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co. and Electric Insurance Agency. Electric Insurance is a Beverly,...
Popular South Carolina Country Music Venue Shuts Down After 29 Years Due to Liquor Liability Insurance Costs
Jun 3 2024 // A popular country music venue in Greenville, South Carolina, has closed its doors after almost 30 years, citing the cost of liquor liability insurance in the state. The Blind Horse Saloon, known for hosting some well-known...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
Jun 3 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according to The Council of Insurance Agents and Brokers’ Q1 Market Survey. With...
Social Inflation Key Factor in Rise of Loss Severity: AM Best
Jun 3 2024 // Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to...
Get an Education on School Liability and Property Risks
Jun 3 2024 // Discrimination, active assailants and an aging infrastructure — educational institutions today face tough liability and property risks that were uncommon in the not-too-distant past. Pair those with longtime risks...
Mercury Launches New Umbrella Insurance in Oklahoma
May 30 2024 // Rising liability injury claims for home and auto owners that exceed traditional policy limits have spurred Mercury Insurance, headquartered in Los Angeles, to unveil an all-new personal umbrella insurance policy for...
Is Trampoline Job Landscape Work? AI Says Yes. 11th Circuit Says It’s Not Covered
May 30 2024 // Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th...
North Carolina Will Soon Have Some of the Highest Auto Liability Minimums
May 29 2024 // Starting next year, the minimum automobile liability coverage in North Carolina will jump significantly, thanks to a 2023 law that raised the minimum requirement for the first time in 25 years. Since 1999, North Carolina...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
May 29 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The...
People Moves: Blenheim Syndicate 5886 Taps Barber From Fortegra as Sr. Liability Treaty U/W; Pen’s Vessel Protect Names Lockton’s Kent as Biz Development U/W
May 28 2024 // This edition of International People Moves details appointments at Blenheim Underwriting’s Syndicate 5886 and the MGA Pen Underwriting. A summary of these new hires follows here. Blenheim Syndicate 5886 Taps Barber...
People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President
May 24 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza...
