All the headlines from our Liability Topic Page, ordered by recency.
Dec 18 2023 // Unprecedented industry losses and unprofitability in homeowners and auto insurance will significantly impact pricing and availability in 2024, especially in catastrophe-prone areas and states with challenging regulations,...
Dec 13 2023 // Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines.This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux;...
Dec 13 2023 // A federal appeals court has declared that New York law prevents Lloyd’s from recovering some loss payments from Zurich American because Zurich’s insured was also an insured of Lloyd’s in a case involving...
Dec 12 2023 // A non-dependent adult child whose father died on the job does not have a right to bring a wrongful death claim against her late father’s employer, the Maryland Appellate Court has ruled.The appeals court affirmed a...
Dec 8 2023 // Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and...
Dec 4 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
Dec 4 2023 // Recently, I spent a week learning about an entirely different industry than insurance. It was a great education. Along the way, I also learned about their insurance situation.As is common, provably common, about insurance...
Nov 30 2023 // Oregon’s utility regulator this week said it would investigate a petition by PacifiCorp to limit its liability from future wildfire-related lawsuits, delaying a decision on the power provider’s request by as...
Nov 30 2023 // Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years...
Nov 28 2023 // The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re.The pace of claims growth in...
Nov 28 2023 // Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin underwriting in the 2024 year of account.The SPA, called “AdA...
Nov 22 2023 // Specialist insurer CFC announced a major upgrade to its packaged insurance policies for professional services businesses.Brokers selling CFC’s professional liability policies can offer SME clients add-on cyber cover...
Nov 20 2023 // Employment Practices Liability (EPL) insurance has been available since the late 1980s. But it was not until September 1991 when the world witnessed the Clarence Thomas Supreme Court hearings and Anita Hill’s...
Nov 20 2023 // Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the...
Nov 17 2023 // Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business.Led by Ian Lewis as head...
Nov 17 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...
Nov 17 2023 // Florida families and their auto insurers can rest a little easier after the state Supreme Court decided Thursday that a mom cannot be held vicariously liable for an accident caused by her son who had borrowed the family...
Nov 15 2023 // ORLANDO, Fla. (AP) — A plan to prohibit a pro-Palestinian student group from state university campuses in Florida has been temporarily shelved while officials reassess the proposal.State University System Chancellor...
Nov 13 2023 // Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims...
Nov 9 2023 // More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter due to lacking natural gas infrastructure, the North American...