All the headlines from our Liability Topic Page, ordered by recency.
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...
Dec 3 2021 // This is part of a series of articles from Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. You can find more articles from the summit at the bottom of this one.The green rush, a term for talent...
Dec 3 2021 // Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers Wednesday to avert the usual congressional stalemates as they weigh proposals to curb abuses on social media platforms by limiting the...
Dec 2 2021 // New digital managing general agency Joyn is expanding its excess and surplus coverage offerings to a total of 28 states plus Washington, D.C.The majority of the new offerings are excess lines of business in 21 states and...
Dec 1 2021 // When CVS Pharmacies, just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, announced that it was closing 900 stores around the country, some saw it as a sign of the...
Nov 30 2021 // Powered by InsuranceJournal.tvEver heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients are well aware of the term. The...
Nov 29 2021 // A Florida Senate committee has drafted a bill that would extend health care providers’ COVID-19 liability protection for another 14 months. Committee Chair Sen. Danny Burgess The Legislature in 2021 created the...
Nov 29 2021 // Moody’s Analytics has launched an asset-liability management (ALM) solution for insurance companies called of RiskIntegrity™ Investment Insight. The new tool combines data and modeling capabilities from across...
Nov 24 2021 // Lemonade, the insurance company powered by artificial intelligence, appointed Sean Burgess as chief claims officer. As part of this move, Burgess will be filling the role of Jim Hageman, Lemonade’s first hire in this...
Nov 23 2021 // This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe.A summary of these new hires follows here. Mosaic Launches London...