liability limits News

How Much Insurance is Enough?

Have you ever thought about how much insurance a person should buy? If you ask the agent, she might tell you that they should buy as much as they can afford. If you ask the underwriter, he might tell you …

Ullico Increases Fiduciary Liability Limits to $25 Million

Ullico Inc.’s property and casualty insurance subsidiary, Ullico Casualty Group, Inc., may offer up to $25 million in multiemployer fiduciary liability insurance in its program with Alterra America Insurance Co., a Markel company. The $10 million increase in coverage is …

Oklahoma Lawmaker Wants Church Shelters Protected from Liability Lawsuits

An Oklahoma legislator is proposing a measure that would protect churches from lawsuits if someone is injured when they open their doors as disaster shelters. On Friday, state Rep. Bobby Cleveland of Slaughterville proffered a bill that would protect churches …

Aon Launches Excess Liability Facility for Railroad Business

Aon Risk Solutions, the global risk management business of Aon plc, has launched Aon Rail Excess Liability facility. The insurance facility was created in response to emerging risks arising out of requirements in the Rail Safety Improvement Act of 2008 …

Michigan House to Debate Propane Accident Liability Limits

The Michigan House is expected to take up legislation that would limit liability for companies in propane fires and explosions. The bill would free propane companies from liability for injury or damage to property that occurs when a person tampers …

Missouri House Panel Considers Medical Liability Limits

Missouri doctors urged a state House committee to reinstate liability limits for medical malpractice cases after the state Supreme Court struck down an existing cap. An upper limit of $350,000 for noneconomic damages such as pain and suffering was a …

New National Parks’ Insurance Requirements Ignite Controversy

A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle began because of an NPS increase …