All the headlines from our Liability Topic Page, ordered by recency.
Feb 13 2024 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership.SiriusPoint will support...
Feb 12 2024 // Prime Insurance Co. is not liable for $60 million in damages after two patients died following liposuction at a Georgia clinic, thanks in part to the clear wording of the insurance policy and timely action by the insurer,...
Feb 7 2024 // Texas grid officials received repeated warnings last summer that their efforts to shore up the state’s increasingly strained electric grid risked driving up power prices, records show.Concerns first arose just days...
Feb 7 2024 // Upland Capital Group said it has introduced two new liability products to its portfolio: Professional Liability Errors and Omissions as well as Excess Cyber Liability. The professional liability team is led by Kate Walas,...
Feb 6 2024 // Burns & Wilcox Names Wood Head of Professional Liability PracticeBurns & Wilcox, headquartered in Farmington Hills, Mich., hired Andy Wood as vice president and practice group leader, professional liability. Most...
Feb 5 2024 // While not news to independent agents, commercial lines renewal rates rose again in the fourth quarter of 2023 — another sign that the hard market is here to stay — at least through 2024.According to the Ivans...
Feb 5 2024 // A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for...
Feb 2 2024 // The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion.Commercial lines record fourth quarter...
Jan 29 2024 // When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been...
Jan 25 2024 // W.R. Berkley CEO W. Robert Berkley, Jr. said he’s still got eyes on the specialty market, but maintains a cautious, more disciplined outlook on some lines of business, such as professional liability—especially...
Jan 25 2024 // National specialty insurance brokerage Risk Strategies announced it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency focused on medical professional...
Jan 24 2024 // Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL, has been launched to serve the transaction liability insurance (TLI) sector.Dennis Kearns, who founded the...
Jan 24 2024 // Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but every line of business averaged rate increases at renewal during the last...
Jan 23 2024 // Specialty insurance provider CFC has launched what it is calling the first ever transaction liability insurance product to be embedded into online M&A platforms in the USA.CFC is initially making its Seller Protect...
Jan 22 2024 // Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime...
Jan 22 2024 // As reported by attorney Randy Maniloff in his Coverage Opinions newsletter, the Illinois Supreme Court has finally addressed coverage for construction defects, joining what is probably a slight majority of legal...
Jan 19 2024 // Atain Names Dassow VP, Head of Primary LiabilityAtain Insurance Companies, headquartered in Farmington Hills, Mich., hired Tom Dassow as vice president and head of primary liability, leading Atain’s newly formed...
Jan 19 2024 // This edition of International People Moves details appointments at Liberty Specialty Markets and HDI Global.A summary of these new hires follows here. Liberty Specialty Markets Names Bolaños as CUO, Moreno as President...
Jan 19 2024 // Alera Group, an insurance and financial services firm in the U.S., announced the acquisition of CLS Healthcare Liability Specialists. Based in North Palm Beach, Florida, CLS provides malpractice coverage for physicians,...
Jan 18 2024 // Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023.According to Mais, this growth includes the addition of 10 new captive...