Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
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...
Bristol Myers, Sanofi Liability in Hawaii Plavix Case Grows to $916 Million
May 23 2024 // A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the state for failing to warn non-white patients of health risks from its blood thinner Plavix, up from an earlier...
Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases
May 21 2024 // Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their...
Insurance in the Headlines with Baltimore’s Francis Scott Key Bridge Collapse
May 21 2024 // This post is part of a series sponsored by AgentSync. Once in a while, we get to cover an insurance story that coincides with current events. In the past, we’ve explored the insurance ramifications of things like the...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024
May 20 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, the...
How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.
May 20 2024 // Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic...
The Gaming Boom: Potential Risks and Insurance Implications
May 20 2024 // You don’t have to look very far to understand that the gaming (gambling) industry in the United States is booming. What was only available for those who wanted to travel to Las Vegas or Atlantic City is now available...
The History of the Professional Liability Underwriting Society: The Origin Story of Bringing the Best Together
May 20 2024 // The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals...
Popular SC Country Music Venue Shuts Down Due to Liquor Liability Insurance Costs
May 16 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 Post and Courier newspaper and other news outlets...
AM Best: Social Inflation Key Factor in Rise of Loss Severity
May 13 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...
Markets/Coverages: Mosaic Launches Suite of Professional Liability Products for Specialist Engineers
May 10 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched a suite of professional liability products for specialist engineers, offering $15 million in targeted primary coverage for unique risks. The new form...
Reserve Strengthening for Casualty Lines Not Over: Moody’s
May 9 2024 // If personal auto insurance loss reserves are developing adversely, can commercial general liability be far behind? That’s the gist of one of the questions that analysts from Moody’s Investors Service...
Embracing Collaboration: Shaping the Future of Healthcare (Re)insurance
May 6 2024 // At the heart of healthcare liability insurance lies the intricate realm of medical malpractice. Demanding a profound understanding of both the product and the healthcare sector, this specialized field is cultivated through...
Class Action Settlements Flooded With Fraudulent Claims by Scammers
May 3 2024 // Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did...
An Origin Story: The History of the Professional Liability Underwriting Society
May 3 2024 // The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals...
Pennsylvania Court: No Coverage for Mother’s Distress Over Son’s Overdose Death
May 2 2024 // The Pennsylvania Supreme Court has ruled that Nationwide Property and Casualty is not obligated to defend its homeowner insureds against a wrongful death claim for emotional and mental distress brought by a mother whose...
Markets/Coverages: Relm Launches Employment Practices Cover for Capacity Demands
May 1 2024 // Relm Insurance, a Bermuda-based specialty insurance carrier, unveiled its Comprehensive Employment Practices offering, responding to industry demand to address capacity scarcity. The enhancements of the new policy, payable...
People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO
May 1 2024 // This edition of International People Moves details appointments at re/insurance brokers BMS and Gallagher. A summary of these new hires follows here. BMS Launches Global Healthcare Liability Unit, Led by Wendin From...
