Insurer and Liability - Insurance Industry Brief

Markets/Coverages: Apollo Expands Into Drone Product Liability Cover

Insurance Journal

FEBRUARY 19, 2025

Apollo, the London-based insurance group, announced they have expanded their offering into drone product liability. Apollo is providing the capacity for this product liability offering as part of an existing binder with Moonrock, the specialist managing general agent. Moonrock has …

Liability

Liability Agents Insurer Insurance

Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Insurance Journal

FEBRUARY 6, 2025

Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies and employees, as the state’s liability insurance fund has dwindled to a fraction of the outstanding costs. The Atlanta Journal-Constitution …

Liability

Liability Liability Insurance Claim Insurer

Ohio Bill Seeks to Prohibit Mandating Firearm Liability Insurance

Insurance Journal

DECEMBER 13, 2024

A bill making its way through the Ohio General Assembly would prohibit requiring firearm liability insurance. Senate Bill 58 passed the House by a 61-27 vote and now heads to the Ohio Senate, where legislators in the chamber will have …

Liability Insurance

Liability Insurance Liability Insurer Insurance

SC Bill Moves to House, Would Lower Liquor Liability Coverage, End Joint-and-Several

Insurance Journal

MARCH 31, 2025

The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate. “We’re finally getting some movement …

Liability

Liability Liability Insurance Insured Insurer

Youth Sports Liability Market in ‘Armageddon Mode’

Insurance Journal

AUGUST 4, 2024

By Allen Laman Beset with massive rate increases, dramatic rejections of coverage, and severely dwindling market capacity, the current youth sports liability market is historically challenging, according to insurance professionals with expertise in the area. “I feel like there’s been …

Liability

Liability Insurer Insurance Insured

Skyward Specialty Launches Life Sciences Liability Coverage

Insurance Journal

NOVEMBER 15, 2024

Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage. The strategic addition to the Company’s healthcare solutions underwriting unit offers comprehensive and adaptable protection specifically tailored to meet the needs of the life sciences …

Liability

Liability Underwriter Underwriting Protection

New Auto Liability Minimums Take Effect in North Carolina

Insurance Journal

JANUARY 14, 2025

This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year. The …

Liability

Liability Auto Insurance Insured Insurer

Navigating Professional Liability for Design Firms

Insurance Journal

SEPTEMBER 1, 2024

The professional liability market for architects and engineers is continuously adapting to new trends and challenges. While there remains a strong interest in this sector and many insurers … These shifts bring both opportunities and obstacles for brokers and design professionals.

Liability

Liability Broker Insurer Insurance

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

SEPTEMBER 10, 2024

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability

Liability Claim Risk Premium

Could Your Company’s Recruitment Practices Pose a Liability Risk?

Insurance Journal

JULY 14, 2024

As an insurance organization you understand risk management better than most businesses. You advise clients on how employment practices pose liability risks, but when is the last time you’ve thought about your own risks, particularly when it comes to hiring …

Liability

Liability Risk Insurer Insurance

Managing Management Liability Risk in Today’s Market

Insurance Journal

SEPTEMBER 1, 2024

The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory and technology-related exposures, making the quality …

Liability

Liability Risk Liability Insurance Insurer

Markets/Coverages: Novatae Risk Group Launches Misc. Pro Liability Program

Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

Liability

Liability Risk Underwriter Underwriting

Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover

Insurance Journal

FEBRUARY 13, 2025

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) …

Liability

Liability Commercial General Liability General Liability Commercial

Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies

Insurance Journal

FEBRUARY 28, 2025

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities.

Underwriter

Underwriter Underwriting Liability Agents

People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability

Insurance Journal

NOVEMBER 19, 2024

Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of service. Gambrell joined Great …

Liability

Liability Insurer Insurance Insured

Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

Insurance Journal

FEBRUARY 7, 2025

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance.

Auto Insurance

Auto Insurance Liability Insurer Insurance

People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine

Insurance Journal

AUGUST 15, 2024

This edition of International People Moves details appointments at the insurers Markel and QBE. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within … A summary of these new hires follows here.

Marine

Marine Liability Underwriter Underwriting

What Are the Risks of Liability Only Auto Insurance?

TGS

MARCH 17, 2025

TGS Insurance Blog Lets be realwhen its time to pick an auto insurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. But heres the catch: while snagging a bargain feels great, going too leanlike with liability only auto insurancecan leave you vulnerable in ways you might not expect.

Auto Insurance

Auto Insurance Liability Risk Out-Of-Pocket

Pimco Warns LA City Utility Faces Steep Liabilities After Fires

Insurance Journal

JANUARY 29, 2025

The Los Angeles Department of Water and Power is facing the risk of significant financial liability for damages in the utility’s response to the Palisades Fire, according to Pacific Investment Management Co. “Given the sheer size of insured and uninsured …

Liability

Liability Damage Risk Insurer

The Murdaugh Drama in SC Continues: Store That Sold Beer Now Suing its Insurers

Insurance Journal

AUGUST 27, 2024

The saga of the Murdaugh family in South Carolina continues, now with a convenience store company suing its liability insurers for failing to defend it against a second lawsuit stemming from the sale of beer to an underage Paul Murdaugh …

Liability Insurance

Liability Insurance Liability Insurer Insurance

DARAG Acquires Run-Off Portfolio From wefox Insurance AG

Insurance Journal

JANUARY 14, 2025

DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …

Insurance Carrier

Insurance Carrier Liability Damage Insurer

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insurer

Insurer Insurance Insured Policy

Global Insurers Fight London Court Battle Over Jets Seized in Russia

Insurance Journal

OCTOBER 2, 2024

Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation lessors told a London trial on Wednesday. Mark Howard, …

Liability

Liability Insurer Insurance Insured

Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities

Insurance Journal

MARCH 4, 2025

Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong demand from companies to offload their pension scheme risks to insurers. The move – subject to …

Liability

Liability Insurer Insurance Insured

Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B

Insurance Journal

SEPTEMBER 12, 2024

Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion in cash and assume liabilities and … billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1

Auto Insurance

Auto Insurance Liability Insurer Insurance

Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

Insurance Journal

DECEMBER 6, 2024

In a homeowners insurance subrogation case over water damage … A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product.

Liability

Liability Damage Insurer Insurance

Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising?

Insurance Journal

FEBRUARY 2, 2025

Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. Changes could reduce liability insurance costs for businesses and commercial property owners. Georgia Gov. The reality, though, is more complicated. The evidence is mixed …

Commercial Property

Commercial Property Liability Insurance Liability Commercial

State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians

Insurance Journal

OCTOBER 16, 2024

Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward’s exit from the state, …

Compensation

Compensation Liability Protection Risk

Transforming Insurance Operations Across All Lines of Business with Underwriter Link

Insurance Journal

NOVEMBER 11, 2024

In today’s fast-paced insurance market, underwriters and wholesalers face increasing pressure to streamline operations, reduce manual processes, and enhance efficiency across multiple lines of business (LOBs). Whether it’s General Liability, … This post is part of a series sponsored by Selectsys.

Underwriter

Underwriter Underwriting General Liability Liability

US P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Insurance Journal

JULY 14, 2024

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007. Translating to …

Casualty Insurance

Casualty Insurance Underwriter Underwriting Liability

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Insurance Journal

MARCH 30, 2025

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …

Injury

Injury Worker Injury Liability Insurance Compensation

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Insurance Journal

MARCH 30, 2025

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …

Injury

Injury Worker Injury Liability Insurance Compensation

Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield to EPL Portfolio; Encore Fiduciary Moves Into Management Liability

Insurance Journal

AUGUST 22, 2024

Insurance Group has expanded its Hanover Work Safe, a group of services promising a personalized approach to worker safety and claims handling. The Hanover Enhances Its Holistic Work Safe Program The Hanover. The Hanover’s claims specialists proactively gain insights into …

Liability

Liability Claim Workers Compensation Insurer

Insurer Says Pollution Exclusion Sinks Coverage for Pool Chemical Injuries

Insurance Journal

NOVEMBER 26, 2024

A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made by Philadelphia Indemnity …

Commercial General Liability

Commercial General Liability General Liability Injury Commercial

Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1

Insurance Journal

SEPTEMBER 5, 2024

Sarasota-based FCCI Insurance Group will soon start writing excess and surplus lines across much of the country, the carrier announced this week. Florida, Georgia and Texas insurance agents can submit general liability and commercial excess business to FCCI Specialty Insurance …

General Liability

General Liability Commercial Liability Insurance Agents

RiverStone in Loss Portfolio Transfer Deal With Lyft Subsidiary

Insurance Journal

MARCH 20, 2025

RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. Guy Carpenter was the broker of …

Liability

Liability Commercial Broker Insurer

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. The five-year average count for liability claims increased 24.9

Commercial General Liability

Commercial General Liability Commercial Umbrella Claim Liability

Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation

Insurance Journal

SEPTEMBER 4, 2024

As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who specialize in PFAS say insurers are mandating coverage exclusions and, in some cases, declining to write liability policies at all …

Underwriter

Underwriter Underwriting Liability Policy

Rate Reductions Begin to Fade for D&O Buyers: Lockton

Insurance Journal

MARCH 28, 2025

property/casualty market with eye on potential changes in directors and officers liability. The latest edition of the Lockton Market Update noted public and private D&O insurance buyers … Broker Lockton early this week issued its outlook of the mostly buyer-friendly U.S.

Liability

Liability Broker Insurer Insurance

Cease and Desist Order Issued Against Iowa Contractor

Insurance Journal

SEPTEMBER 25, 2024

The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his company have …

Liability

Liability Claim Insurer Insurance

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

OCTOBER 30, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation

Workers Compensation Compensation Liability Insurance Liability

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

OCTOBER 29, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation

Workers Compensation Compensation Liability Insurance Liability

Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

Insurance Journal

DECEMBER 20, 2024

Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

Risk

Risk Liability Claim Insurer

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

Insurance Journal

MARCH 3, 2025

Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …

Underwriter

Underwriter Underwriting Liability Premium

Markets/Coverages: Apollo Expands Into Drone Product Liability Cover

Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Trending Sources

Ohio Bill Seeks to Prohibit Mandating Firearm Liability Insurance

SC Bill Moves to House, Would Lower Liquor Liability Coverage, End Joint-and-Several

Youth Sports Liability Market in ‘Armageddon Mode’

Skyward Specialty Launches Life Sciences Liability Coverage

New Auto Liability Minimums Take Effect in North Carolina

Navigating Professional Liability for Design Firms

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Could Your Company’s Recruitment Practices Pose a Liability Risk?

Managing Management Liability Risk in Today’s Market

Markets/Coverages: Novatae Risk Group Launches Misc. Pro Liability Program

Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover

Markets/Coverages: MGA Pen Expands International Cover for UK Recruitment Agencies

People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liability

Allstate to ‘Lean Into’ Turnaround in Auto Business, and Grow

People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine

What Are the Risks of Liability Only Auto Insurance?

Pimco Warns LA City Utility Faces Steep Liabilities After Fires

The Murdaugh Drama in SC Continues: Store That Sold Beer Now Suing its Insurers

DARAG Acquires Run-Off Portfolio From wefox Insurance AG

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Global Insurers Fight London Court Battle Over Jets Seized in Russia

Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities

Sentry Buys Nonstandard Auto Insurer The General From American Family for $1.7B

Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising?

State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians

Transforming Insurance Operations Across All Lines of Business with Underwriter Link

US P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Markets/Coverages: Hanover Enhances Work Safe Program; Berkley Adds AttorneyShield to EPL Portfolio; Encore Fiduciary Moves Into Management Liability

Insurer Says Pollution Exclusion Sinks Coverage for Pool Chemical Injuries

Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1

RiverStone in Loss Portfolio Transfer Deal With Lyft Subsidiary

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Underwriters Wary of PFAS Amid ‘Superstorm’ of Litigation, Regulation

Rate Reductions Begin to Fade for D&O Buyers: Lockton

Cease and Desist Order Issued Against Iowa Contractor

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

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