Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns
Apr 20 2021 // JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million rand ($17.5 million) in the first year, the health minister said in...
Florida Drives Toward Repeal of Motor Vehicle No-Fault Law
Apr 20 2021 // After many years of trying, Florida is closer than ever to repealing its 50-year-old motor vehicle no-fault law. However, many industry stakeholders have expressed opposition to the legislation passed by the Florida Senate...
Transportation Insurer Lancer to Merge Into Core Specialty
Apr 19 2021 // Commercial auto insurer Lancer Insurance Co. has agreed to merge with another specialty insurer, Core Specialty, where it will operate under its own brand name as Core Specialty’s ninth specialty property/casualty...
Proximity Protect Brokerage Targets Coworking, Flex Space Industry
Apr 19 2021 // Workspace management software company Proximity Space Inc. has launched Proximity Protect, a specialty, nationwide insurance brokerage offering coverage for coworking and flex space operators, members and...
Declarations
Apr 19 2021 // Virus Lawsuit Liability “This is the most aggressive COVID liability bill in the United States of America. What this bill does is says, ‘If you’re doing the right thing, you’re...
P/C Insurers Show 2020 Underwriting Profits Despite COVID-19: Fitch
Apr 19 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best
Apr 16 2021 // Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto insurers, according to an AM Best special report. Last year’s number was an...
Praedicat Launches Risk Scenario Platform to Widen Cross-Line Clash Analysis
Apr 16 2021 // Praedicat Inc., the Los Angeles-based liability emerging risk analytics company, announced the launch of its new Risk Scenario Analysis Platform, which widens the cross-line clash scope of its scenario suite. The platform...
Corvus, Skyward Specialty to Offer Cyber Coverage for Cargo Risks
Apr 16 2021 // Corvus Insurance, a provider of commercial insurance products powered by AI-driven risk data, and Skyward Specialty Insurance Group, a specialty property and casualty market, have partnered partnership to expand...
COVID Liability Shield for Businesses Becomes Law in Kentucky
Apr 15 2021 // Kentucky’s governor stood aside and let a bill become law that protects an array of businesses from coronavirus-related lawsuits. But he warned Monday that the measure is likely to draw a court challenge. The...
Boy Scouts’ Lawyers Eye New Reorganization Plan After Criticisms from Abuse Victims
Apr 15 2021 // DOVER, Del. (AP) – Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan to file a new reorganization plan after gaining little support for a previous proposal that has been...
Oklahoma Apprenticeship Bill Allows Liability Protection for Students
Apr 15 2021 // The Oklahoma House of Representatives has passed a bill that extends high school apprenticeship programs to include sophomores who are at least 16 years old. It includes a provision that allows school districts to obtain...
People Moves: Sierra Specialty Adds Dith in California; McHugh Joins Lockton in Seattle; Mathis to CWCI
Apr 15 2021 // Sierra Specialty Sierra Specialty, program specialist, managing general agency and wholesale insurance brokerage, has appointed Vicky Dith as a broker and underwriter specializing in construction insurance. Dith is located...
Oklahoma Bill Would Provide Liability Insurance to Educators
Apr 13 2021 // A bill that calls for providing liability insurance coverage to all full- and part-time school employees up to $1 million per occurrence has passed out of committee and moved to the House for consideration. Senate Bill...
People Moves: Liberty Mutual’s Curtis to Starr; Buckle Hires Two; RT Specialty Promotes Reynolds
Apr 13 2021 // Starr Insurance Companies Hires Curtis to Lead Primary Construction Unit Starr Insurance Companies has hired Matt Curtis as vice president and profit center manager for its Primary Construction unit. In his prior role at...
SEC Throws Another Wrench into Wall Street’s SPAC Machine
Apr 13 2021 // U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting...
Simply Business Launches Liability Insurance for Social Workers
Apr 13 2021 // Simply Business, Inc., a Boston-based digital insurance agency offering small business owners access to insurance providers, has partnered with the National Association of Social Workers (NASW) Risk Retention Group, Inc....
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
People Moves: Dietrich Named CEO, Hiscox Europe; Hartford’s Milner to Canopius; Agile Risk’s Foster to IGI; HDI Promotes Digman
Apr 9 2021 // This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Robert Dietrich Specialist global insurer Hiscox has...
SEC Warns SPACs Aren’t a Way to Avoid Securities Laws
Apr 9 2021 // The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top...
