All the headlines from our Liability Topic Page, ordered by recency.
Jul 23 2020 // The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net income of $557 million in the prior year quarter. The insurer said the difference was primarily due to higher...
Jul 22 2020 // Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia.Beazley has tailored an information security...
Jul 21 2020 // An Indiana appeals court has sided with a group of insurers, saying they are not required to provide $25 million in excess coverage for an underlying lawsuit against the National Collegiate Athletic Association (NCAA) over...
Jul 21 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has named Dr. Frank Amandi as head of Financial Institutions, for Executive and Professional Lines in Germany.Amandi has more than 20 years of experience...
Jul 20 2020 // CAC Specialty has added Robert Regueiro as senior vice president and marketing account executive in its Financial Lines Practice in Houston.Regueiro comes to CAC Specialty with extensive industry expertise and knowledge....
Jul 20 2020 // On July 17, Michigan sought a written pledge from Enbridge Inc. to cover costs that would arise if oil were to leak from its dual pipelines that extend across a channel linking two of the Great Lakes, although the Canadian...
Jul 20 2020 // Law firm Mintz has added a group of five practitioners to its Insurance and Reinsurance Practice.Deirdre G. Johnson, Paul W. Kalish, Suman Chakraborty and Ellen MacDonald Farrell joined as members, and Elaine Panagakos...
Jul 20 2020 // At least 40% of all coronavirus deaths in the U.S. are from nursing home residents and caregivers. States like Massachusetts and Pennsylvania report an astounding 62% to 65% of their COVID-19 deaths from nursing homes and...
Jul 17 2020 // An insurance company is suing the Indianapolis archdiocese, alleging that it failed to disclose allegations of child sexual abuse by a Catholic priest when it applied for liability insurance.Underwriters for Lloyd’s...
Jul 17 2020 // Senate Majority Leader Mitch McConnell wants to give federal courts jurisdiction over liability claims arising from coronavirus infections to limit the legal exposure of businesses, schools and other organizations as they...
Jul 16 2020 // Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report.The report, which also looks at changes in reinsurance demand levels,...
Jul 15 2020 // Hiscox, the international specialist insurer, has appointed Adam Petrone as senior vice president and Northeast regional executive in the U.S.In his new role, Petrone will lead the Northeast region underwriting team in...
Jul 15 2020 // The National Rifle Association will have to appear for a regulatory hearing over allegations it violated New York law by marketing an insurance policy for shootings that critics have dubbed “murder insurance.”A...
Jul 10 2020 // Atlanta-based Allstar Underwriters has expanded its existing vacation rental insurance program into the state of Arkansas.The program has been offered in Tennessee since 2015, according to Laura Richardson, Allstar...
Jul 10 2020 // Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses.Miscellaneous professional liability (MPL) coverage provides liability and defense...
Jul 10 2020 // The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers said.Residential care...
Jul 8 2020 // CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a portfolio of add-on acquisitions for existing or newly acquired platform...
Jul 8 2020 // QBE North America has Toria Lessman as senior vice president, head of Professional Lines and Industry Verticals. She is based in Chicago.Lessman had most recently been serving as head of Transactional Liability, one of the...
Jul 8 2020 // Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and...
Jul 7 2020 // Chubb’s disclosure of second quarter 2020 global net catastrophe losses underscores the damage COVID-19 is doing to some carriers’ bottom lines.The global property/casualty insurer estimated $1.8 billion in...