The most viewed headlines from our Liability Topic Page over the last year.
Mar 27 2024 // The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network...
May 16 2024 // A popular country music venue in Greenville, South Carolina, has closed its doors after almost 30 years, citing the cost of liquor liability insurance in the state.The Post and Courier newspaper and other news outlets...
Feb 20 2024 // A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other...
Dec 27 2023 // In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed “nuclear verdicts.” As the name suggests, these are not just ordinary legal outcomes. These...
Mar 29 2024 // It’s very early in the recovery process and already the numbers are large.Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according to...
Jul 8 2024 // Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a...
May 29 2024 // Starting next year, the minimum automobile liability coverage in North Carolina will jump significantly, thanks to a 2023 law that raised the minimum requirement for the first time in 25 years.Since 1999, North Carolina...
Jan 17 2024 // Two court rulings in Southeastern states have underscored insurers’ responsibilities under uninsured motorist laws.In a Mississippi class-action lawsuit, the U.S. 5th Circuit Court of Appeals found that Allstate...
Feb 20 2024 // Uber Technologies last Friday sued its drivers’ auto insurer for defense and indemnification regarding multiple lawsuits that are seeking to hold Uber vicariously liable for accidents involving some of its drivers in...
Apr 29 2024 // Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity...
Jun 10 2024 // A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise.Looking at verdicts from 2013 to 2022, ILR said the median nuclear...
Jun 7 2024 // “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week.Ken Brandt, chair, president and chief executive officer of TransRe, offered the assessment...
Mar 7 2024 // In the next year or so, the Florida Supreme Court will decide on the exact meaning of a legal doctrine that, under one interpretation, has blocked millions of dollars per year in subrogation recovery for liability...
Mar 11 2024 // Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016.A Virginia federal district...
Apr 2 2024 // The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million.The...
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,...
Aug 16 2024 // A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.A three-judge panel of the Massachusetts Appeals Court has held for...
Jun 3 2024 // RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co. and Electric Insurance Agency.Electric Insurance is a Beverly, Massachusetts-domiciled...
Apr 8 2024 // With one month left in the South Carolina legislative session, two bills designed to ease liquor liability insurance costs are evolving and moving forward.The state House of Representatives late last month voted 106-2 to...
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...