Liability - Insurance Industry Brief

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. These shifts bring both opportunities and obstacles for brokers and design professionals. While there remains a strong interest in this sector and many insurers …

Liability

Liability Broker Insurer Insured

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 Insured 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

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

AUGUST 15, 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 the first time that “construction …

Property Damage

Property Damage Liability Commercial Damage

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

Town’s Highway Supervisor Not Exempt From Liability for Crash

Insurance Journal

OCTOBER 21, 2024

A New York town’s highway superintendent is not protected from liability for a collision with another vehicle because he was not actually engaged in work on a highway at the time of the accident, New York’s highest court recently ruled, …

Liability

Liability Protection

PFAS Liability for Water District Remediation Costs Estimated Up to $175B

Insurance Journal

JULY 31, 2024

Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting and actuarial firm Milliman Inc. PFAS are often referred to …

Liability

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

Insurance Journal

JULY 14, 2024

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 … As an insurance organization you understand risk management better than most businesses.

Liability

Liability Risk Insurer Insured

Moody’s Acquires Praedicat to Add Casualty and Liability Models

Insurance Journal

SEPTEMBER 5, 2024

The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry. Moody’s Corp. today said it acquired analytics firm Praedicat. Terms of the deal were not disclosed. Praedicat’s models and predictive analytics help …

Liability

Liability Insurance Industry Insurer Insured

What is Plumbers Liability Insurance?

Central Insurance

JUNE 24, 2024

Plumbing comes with a unique set of risks and liabilities. Explore why you need Plumber's Liability insurance and risk management strategies to protect your business and reputation. The post What is Plumbers Liability Insurance? appeared first on Central Insurance Blog.

Liability Insurance

Liability Insurance Liability Insurer Insured

What Is Employers Liability Insurance?

Property Insurance Coverage Law

AUGUST 30, 2024

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness. appeared first on Property Insurance Coverage Law Blog.

Liability Insurance

Liability Insurance Liability Workers Comp Workers Compensation Insurance

Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte

Insurance Journal

SEPTEMBER 22, 2024

Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance Services will stand up Oct. 1, with Doug Karpp, a former …

Professional Liability Insurance

Professional Liability Insurance Liability Insurance Liability Underwriting

People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO

Insurance Journal

JULY 19, 2024

Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with Church Mutual Insurance …

Liability Insurance

Liability Insurance Insurance Companies Liability Insurer

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

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

Marine

Marine Liability Underwriting Underwriter

Ark continues marine liability expansion

Insurance Marine News

OCTOBER 16, 2024

Gregory Murray has resigned from his role as Divisional Director (Marine) at Howden Broking (Insurance) and will join the expanding marine liability team at Ark. The broker will join the marine liability team within the new Ken Syndicate 3832. The post Ark continues marine liability expansion appeared first on Insurance Marine News.

Liability

Liability Marine Broker Insurer

ADVERTISEMENT : Liability Underwriter – Smallcraft P&I

Insurance Marine News

OCTOBER 3, 2024

Join Us The post ADVERTISEMENT : Liability Underwriter – Smallcraft P&I appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Liability

Liability Underwriting Underwriter Marine

US Appeals Court Takes Aim at Big Tech Liability Shield

Insurance Journal

AUGUST 29, 2024

A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of children. In a ruling delivered …

Liability

Choosing the Right Umbrella Insurance Policy: A Guide to Extra Liability Coverage

Mark Jackson Insurance Agency

OCTOBER 16, 2024

Umbrella insurance is designed to offer an extra layer of liability protection, stepping in when your standard insurance coverage limits have been reached. Why You Might Need Umbrella Insurance The primary purpose of umbrella insurance is to protect your assets from large lawsuits or liability claims.

Liability

Liability Insurance Policy Policy Protection

Taking Your Adjuster Licensing from a Liability to an Asset

Insurance Journal

SEPTEMBER 2, 2024

This post is part of a series sponsored by AgentSync. Managing adjusters across multiple lines of business and in many states is notoriously painful. The complications of state nuances, the tightening timelines for customer communications in the wake of natural …

License

License Liability

How Much Is Professional Liability Insurance

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of professional liability insurance, including coverage limits, industry specifics, and risk assessments. Learn how to find the best rates and protect your business from potential claims.

Professional Liability Insurance

Professional Liability Insurance Liability Insurance Liability Insurer

How Much Is General Liability Insurance

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of general liability insurance, including coverage limits, business type, and location. Learn how to find the best rates and ensure your business is protected against potential risks.

General Liability

General Liability Liability Insurance Liability Insurer

How Much Is Product Liability Insurance

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of product liability insurance, including coverage options, industry risks, and tips for finding the best rates. Learn how to protect your business from potential claims and ensure financial security.

Liability Insurance

Liability Insurance Liability Insurer Insured

How Much Is Aircraft Mechanic Liability Insurance?

Simply Insurance

SEPTEMBER 19, 2024

Discover the costs associated with aircraft mechanic liability insurance, including factors that influence premiums, coverage options, and tips for finding the best policy to protect your aviation business.

Liability Insurance

Liability Insurance Liability Premium Insurer

Understanding Liability Insurance for UK Tradespeople and Contractors

Protect Commercial Insurance

SEPTEMBER 20, 2024

Introduction to Liability Insurance for UK Tradespeople and Contractors If you’re a tradesperson or contractor in the UK, navigating the world of liability insurance can seem a bit daunting. Whether you’re fitting kitchens or fixing roofs, liability insurance provides a safety net.

Liability Insurance

Liability Insurance Liability Property Damage Insurer

NJ EXCESS LIABILITY INSURANCE WITH CHUBB

Boyle Agency Insurance

MAY 19, 2024

Excess Liability Protection With Chubb Bogle Agency Insurance offers Chubb Masterpiece Excess Liability Insurance because we feel it provides the best coverage with the highest limits. Homeowners Insurance and Automobile Insurance cover you for liability to a limited degree.

Liability Insurance

Liability Insurance Liability Insurer Insured

Illinois Legislature Clarifies How Damages are Calculated Under BIPA to Avoid ‘Annihilative Liability’

Insurance Journal

JULY 26, 2024

A bill (SB2979) amending Illinois’ Biometric Information and Privacy Act (“BIPA”), passed by both houses of the legislature on May 16 and now on Governor Pritzker’s desk, effectively overturns a recent Illinois Supreme Court ruling that could have had a …

Liability

Liability Damage

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, …

Liability

Liability Compensation Protection Risk

Markel names O’Neil as senior underwriter for marine and energy liability

Insurance Marine News

SEPTEMBER 3, 2024

Join Us The post Markel names O’Neil as senior underwriter for marine and energy liability appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Liability

Liability Marine Underwriting Underwriter

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

Insurance Journal

OCTOBER 15, 2024

QBE International Markets will launch a new U.S. inland marine offering by 2025 across all 50 states as it expands its specialty product suite. The team and product will be added to QBE International Market’s growing ocean marine and energy …

Inland Marine

Inland Marine Marine Liability Insurance

People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires

Insurance Journal

SEPTEMBER 10, 2024

Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice President Iraj Dehnavi, Senior Vice President Maureen Domenicone, Vice President Patrick Enderlin, Senior Vice President Patrick Grassl, Senior Vice President …

Liability

Liability Building Risk

New US Bill looks to alter 1851 Limitation of Liability Act

Insurance Marine News

AUGUST 15, 2024

Join Us The post New US Bill looks to alter 1851 Limitation of Liability Act appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Liability

Liability Marine Insurer Insured

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

Insurance Journal

AUGUST 22, 2024

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

Liability

Liability Claim Insurer Insured

6 Common Liabilities Most Homeowners Forget About

McMahon Insurance Agency

MAY 22, 2024

As homeowners, it’s crucial to be aware of potential liabilities within your property. While many homeowners are diligent about standard […]

Liability

Markel names Grant Smith director, marine & energy liability

Insurance Marine News

AUGUST 15, 2024

Join Us The post Markel names Grant Smith director, marine & energy liability appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Liability

Liability Marine Insurer Insured

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 Insured

State Investigating Tenn. Plastics Factory After Flooding Killed 11 Workers There

Insurance Journal

OCTOBER 3, 2024

Now, the company is likely facing liability lawsuits and heightened workers’ compensation costs after the deaths … A Tennessee plastics factory kept workers going until it was too late to evacuate before Hurricane Helene flooding swamped the building, employees have said.

Compensation

Compensation Liability Building Workers Compensation

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 Insured Insurance

Families of 3 Construction Workers Killed in Baltimore Bridge Collapse to Sue

Insurance Journal

SEPTEMBER 19, 2024

Three families of immigrant construction workers killed when Baltimore’s Francis Scott Key Bridge collapsed after it was hit by the cargo ship Dali plan to challenge the attempt by the ship owner and operator to limit their liability for the …

Liability

Liability Insurance Insured Insurer

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

Insurance Journal

SEPTEMBER 5, 2024

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

General Liability

General Liability Liability Commercial Insurance Agent

Liability Considerations for Affordable Housing Developments

Scott Insurance

FEBRUARY 10, 2023

Given the increasing number of projects, our team has determined the following liability considerations and risk management strategies. Contractual risk transfer shifts liabilities and associated costs from one party or its insurer to another party or its insurer. The insurer will require appropriate contractual risk transfer.

Liability

Liability Property Damage Risk Policy

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

Insurance Journal

OCTOBER 6, 2024

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

Underwriting

Underwriting Underwriter Liability Insurer

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 Insured

Beyond Coverage: Understanding the Limitations of Cyber Liability Insurance for California’s Tech Companies

Jackson & Jackson

JANUARY 10, 2024

In California’s vibrant technology sector, understanding the scope of your Cyber Liability Insurance and Data Breach Coverage is as crucial as having the coverage itself. The Gaps in Cyber Insurance: Cyber Liability Insurance and Data Breach Coverage are designed to protect against various cyber threats, but they have limitations.

Liability Insurance

Liability Insurance Cyber Liability Property Damage

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

Insurance Journal

SEPTEMBER 12, 2024

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

Auto Insurance

Auto Insurance Liability Insurer Insured

Navigating Professional Liability for Design Firms

Youth Sports Liability Market in ‘Armageddon Mode’

Trending Sources

Managing Management Liability Risk in Today’s Market

Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

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

Town’s Highway Supervisor Not Exempt From Liability for Crash

PFAS Liability for Water District Remediation Costs Estimated Up to $175B

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

Moody’s Acquires Praedicat to Add Casualty and Liability Models

What is Plumbers Liability Insurance?

What Is Employers Liability Insurance?

Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte

People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO

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

Ark continues marine liability expansion

ADVERTISEMENT : Liability Underwriter – Smallcraft P&I

US Appeals Court Takes Aim at Big Tech Liability Shield

Choosing the Right Umbrella Insurance Policy: A Guide to Extra Liability Coverage

Taking Your Adjuster Licensing from a Liability to an Asset

How Much Is Professional Liability Insurance

How Much Is General Liability Insurance

How Much Is Product Liability Insurance

How Much Is Aircraft Mechanic Liability Insurance?

Understanding Liability Insurance for UK Tradespeople and Contractors

NJ EXCESS LIABILITY INSURANCE WITH CHUBB

Illinois Legislature Clarifies How Damages are Calculated Under BIPA to Avoid ‘Annihilative Liability’

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

Markel names O’Neil as senior underwriter for marine and energy liability

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires

New US Bill looks to alter 1851 Limitation of Liability Act

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

6 Common Liabilities Most Homeowners Forget About

Markel names Grant Smith director, marine & energy liability

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

State Investigating Tenn. Plastics Factory After Flooding Killed 11 Workers There

Global Insurers Fight London Court Battle Over Jets Seized in Russia

Families of 3 Construction Workers Killed in Baltimore Bridge Collapse to Sue

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

Liability Considerations for Affordable Housing Developments

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

Cease and Desist Order Issued Against Iowa Contractor

Beyond Coverage: Understanding the Limitations of Cyber Liability Insurance for California’s Tech Companies

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

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