All the headlines from our Liability Topic Page, ordered by recency.
Jan 5 2022 // Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum.Brockwell, an approved...
Jan 4 2022 // A federal appeals court has upended case law for reinsurers in New York, declaring that policy limits don’t extend to litigation costs for a property and casualty insurance carrier.In Global Reinsurance Corp. of...
Jan 3 2022 // Purdue Pharma is seeking to appeal to the 2nd U.S. Circuit Court of Appeals a judge’s decision to unravel its restructuring plan that would have insulated its owners from liability in civil opioid-related cases,...
Dec 30 2021 // Wildfires dominated headlines once again in Insurance Journal’s West region.Stories on wildfires in California, as well as efforts to aid homeowners affected by the fallout of several years of severe drought and...
Dec 20 2021 // It’s tough to make predictions, especially about the future.— Yogi Berra, Major League Baseball player and humorist Even before 2021’s final results were in the books, the forecasters were looking ahead...
Dec 20 2021 // Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions.Willis Towers Watson also...
Dec 17 2021 // Alliant Insurance Services hired Doug Bixby senior vice president.In this role, Bixby will focus on providing management professional lines including product liability and clinical trials liability within the healthcare,...
Dec 16 2021 // Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions...
Dec 16 2021 // BRUSSELS/BANGKOK – Tens of millions of migrants may be denied COVID-19 vaccines from a global program because some major manufacturers are worried about legal risks from harmful side effects, according to officials and...
Dec 16 2021 // Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a...
Dec 13 2021 // Managing general insurance agency and cyber security company Coalition has launched a captive insurer to begin taking risk on its cyber insurance programs.The captive, domiciled in Hawaii, will provide capacity in addition...
Dec 13 2021 // Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States, Swiss Re said in a recent report.The reinsurer said third-party litigation funding (TPLF) is...
Dec 8 2021 // This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance.A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural...
Dec 7 2021 // Big I of Kentucky, the association of independent insurance agents in the state, has elected Kevin Desmond as chairman.Desmond, who is president of Desmond Insurance in Bellevue, has been active on the Big I board and...
Dec 7 2021 // This edition of International People Moves details appointments at RSA UK & International and Marsh.A summary of these new hires follows here. Norgrove to Succeed Egan as RSA CEO, UK & InternationalToronto-based...
Dec 7 2021 // Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports an improving sector outlook for 2022, according to Fitch...
Dec 7 2021 // Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the...
Dec 6 2021 // “The circuit court fairly concluded that St. Paul’s parallel suit in California was filed for improper purposes, namely forum shopping and the disruption of the orderly resolution of the West Virginia suit. The...
Dec 6 2021 // A consumer contacted me via email with an interesting coverage inquiry:“Two questions, please: “I have an in-home ‘business’ involving the manufacturing and distribution of toys for children. I do...
Dec 3 2021 // Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover.Based on extensive epidemiological research by leading...