All the headlines from our Liability Topic Page, ordered by recency.
May 6 2021 // Allstate reported an overall $1.4 billion net loss in the first quarter due to the sales of its life and annuity businesses, compared to net income of $513 million in the first quarter of 2020.However, net income adjusted...
May 6 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also...
May 5 2021 // Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has formed a new carrier partnership with Obsidian, an A.M. Best rated “A-” hybrid fronting program carrier. The partnership will add to...
May 5 2021 // Zurich Insurance Group has appointed Timothy Powell as global head Financial Lines and Cyber, a newly-created role that combines lines of business.Powell joins Zurich from AXA XL, where he most recently served as chief...
May 4 2021 // Towne Financial Services Group Promotes Skinner to President, CEOTowne Financial Services Group (TFSG) has promoted Brian K. Skinner to president and CEO, effective May 1, 2021. TFSG contains all the non-bank divisions of...
May 4 2021 // Core Specialty Insurance Holdings, Inc. and its subsidiaries has formed an underwriting arrangement with DUAL Commercial, LLC to provide primary and excess professional liability limits for qualified classes of business....
May 3 2021 // Specialty broker Amwins Group said it has agreed to acquire Equisure, Inc., a Colorado-based specialist in insurance programs for horse and dog owners, trainers and organizations.Equisure provides professional liability,...
May 3 2021 // Nevada lawmakers on April 28 heard three proposals about changing liability laws and helping fire-fighting agencies coordinate their responses.As fire seasons become longer and more dangerous, the Legislature is one of...
May 3 2021 // There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize.That was among the messages delivered by experts during Insurance Journal’s webinar...
May 3 2021 // Having recently marked the one-year anniversary of the COVID-19 pandemic, it seems like an opportune time to consider how the pandemic has impacted the insurance industry. While business interruption (BI) lawsuits...
May 3 2021 // When the race was on in earnest to develop and deploy an effective COVID-19 vaccination, much was made about the fact that pharmaceutical manufacturers would enjoy immunity against any liability related to the COVID-19...
May 3 2021 // With recent predictions that the hardening of the commercial insurance market will continue beyond 2021, corporate insurance buyers are exploring all means of mitigating the adverse impact of limited insurer capacities and...
May 3 2021 // Over the past 20-plus years, I have answered many hundreds of questions about certificates of insurance (COIs). The first webinar I did on COIs sold out 1,000 connections and a second session had to be scheduled. About...
May 3 2021 // Medical liability insurance premiums have begun an upward trend after holding more or less steady during the past decade, according to a new analysis from the American Medical Association (AMA). In 2020, during the height...
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum.Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and...
Apr 29 2021 // DUAL Transactional Risk, the newest underwriting team at DUAL North America, has hired Megan Marchica as vice president for its New York-based team.In this role, Marchica will focus on mergers and acquisitions, related...
Apr 28 2021 // Houston-based Skyward Specialty Insurance Group Inc. (Skyward Specialty) has launched its Healthcare Professional Liability practice led by Brenda Craig, April Gilcreast and Chantelle Burton.Underwriting will focus on...
Apr 28 2021 // Peter Earle has been fighting for child victims of lead paint poisoning for more than 20 years and he and his fellow lawyers for the cause are not about to let another legal setback affecting three cases keep him from...
Apr 28 2021 // Texas legislation requiring an occupational insurance policy to include a specified disclosure statement clarifying the policy is not a workers’ compensation policy has passed the state House of Representatives.House...
Apr 28 2021 // U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with...