Latest Liability Headlines
All the headlines from our Liability Topic Page, ordered by recency.
CFC Launches Transaction Liability Product for Portfolio Acquisitions
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
QBE NA Names Lessman Head of Professional Lines and Industry Verticals
Jul 8 2020 // QBE North America has Toria Lessman as senior vice president, head of Professional Lines and Industry Verticals. She is based in Chicago. Lessman had most recently been serving as head of Transactional Liability, one of...
Insurance Costs Rising for Cannabis Firms as Unhappy Investors File Slew of Lawsuits
Jul 8 2020 // Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and...
Chubb Estimates $1.4 Billion in Q2 Global Losses Tied to Coronavirus
Jul 7 2020 // Chubb’s disclosure of second quarter 2020 global net catastrophe losses underscores the damage COVID-19 is doing to some carriers’ bottom lines. The global property/casualty insurer estimated $1.8 billion in...
COVID-19 Business Immunity Proposal Flounders in Tennessee
Jul 7 2020 // Just a few weeks ago, Tennessee looked like a sure bet to become the latest state to protect businesses and other organizations from lawsuits by people impacted by the coronavirus in the push to reopen the economy....
Hiscox Launches ‘Variable Consortium’ for Hard-to-Place U.S. General Liability Risks
Jul 6 2020 // Hiscox, the Bermuda-based specialist insurer, together with RKH Reinsurance Brokers, has launched a new variable consortium with a maximum line of over US$20 million for a range of challenging general liability risks such...
Do Police Officers Need to Buy Professional Liability?
Jul 6 2020 // Law enforcement practices and reform have been on the minds of many city government leaders in recent weeks. Some groups are advocating that police officers carry professional liability insurance. Let’s examine this...
Mississippi Lawmakers Seek to Limit COVID-19 Liability to Businesses
Jun 26 2020 // The Mississippi Senate is working to limit lawsuits by customers who say they were exposed to the new coronavirus at businesses or medical offices. Senate Bill 3049 would shield businesses, health care providers, religious...
Senators Propose ‘Scalpel, Rather Than Jackhammer’ to Reform Internet Liability
Jun 25 2020 // Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The...
Do Police Officers Need to Buy Professional Liability?
Jun 24 2020 // I read an interesting article today on Insurance Journal (of course) about plans to reform law enforcement in Minneapolis. What interested me the most was that some groups were advocating making police officers carry...
Legal Liability and Requiring COVID Masks
Jun 24 2020 // States are in various stages of reopening following months of COVID-19 lock downs. As the states progress through the phases, businesses are making key decisions regarding masks, should masks be required or optional? Some...
Hiscox, Thimble to Offer Short-Term Business Insurance Plans
Jun 23 2020 // Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month. The partnership will allow Hiscox to give businesses flexibility,...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
Colleges Asking Returning Athletes to Sign COVID-19 Risk Forms
Jun 22 2020 // Ohio State calls it the Buckeye Acknowledgment and Pledge, a two-page document the school asked its athletes to sign before they could begin using team facilities during the pandemic. The document SMU is requiring its...
AmTrust Exec Launches Commercial Crime Product for Businesses
Jun 22 2020 // AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses. The monoline commercial crime product...
North Carolina Lawmakers Send Bill to Allow More Business Re-Openings to Governor
Jun 22 2020 // North Carolina legislators sent another bill on Thursday to Democratic Gov. Roy Cooper designed to overturn parts of his executive order for COVID-19 that’s kept several types of retail businesses shuttered for...
Tennessee House Lawmakers Advance Broad Coronavirus Liability Protection
Jun 19 2020 // Tennessee would become the latest state to provide health care providers, schools and businesses broad protections against coronavirus lawsuits under a proposal gaining traction inside the GOP-dominant Statehouse. House...
Justice Department Outlines Proposed Overhaul of Social Media Immunity
Jun 19 2020 // The Justice Department on Wednesday outlined a broad overhaul of legal protections for online platforms such as Alphabet Inc.’s Google and Facebook Inc. if they deliberately promote illegal speech on their...
Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses
Jun 19 2020 // Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for...
How Americans Feel About Social Media Content Liability, Moderation
Jun 17 2020 // Most Americans do not trust social media companies to make the right decisions about what should be allowed on their platforms, but trust the government even less to make those choices, according to a poll released on...
