Insurance Journal

NOVEMBER 20, 2024

organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. As the costs of nuclear and thermonuclear verdicts explode in the U.S., Areas critical to watch include pharma class actions, the …

Liability 264

Liability Commercial 264

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 246

Liability Risk Underwriter Underwriting 246

Insurance Journal

NOVEMBER 14, 2024

Doe & Emuss (D&E), the London-based boutique professional liability underwriting manager, has been launched with approved coverholder status at Lloyd’s. D&E is founded and led by industry veterans, Chief Executive David Doe and Managing Director Paul Emuss, who have more …

Liability 246

Liability Underwriter Underwriting Agents 246

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 279

Liability 279

Insurance Journal

DECEMBER 6, 2024

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. In a homeowners insurance subrogation case over water damage …

Liability 246

Liability Damage Insurance Insurer 246

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 275

Liability Damage 275

Insurance Journal

JANUARY 12, 2025

The company listed $1 billion to $10 billion in assets and liabilities each, along with more than 100,000 … Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Liability 308

Liability 308

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 …

Liability 258

Liability Insurance Carrier Damage Insurance 258

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 299

Liability Insurance Liability Insurance Insurer 299

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 264

Risk Liability Claim Insurance 264

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 278

Liability Compensation Protection Risk 278

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 263

Inland Marine Marine Liability Insurance 263

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 278

General Liability Liability Commercial Insurance Agent 278

Insurance Journal

AUGUST 5, 2024

CrowdStrike on Sunday rejected a claim by Delta Air Lines that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability. Delta CEO Ed Bastian …

Claim 290

Claim Liability Cyber 290

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 290

Compensation Liability Building Workers Compensation 290

Insurance Journal

OCTOBER 28, 2024

excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX. Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S.

Commercial 289

Commercial Underwriter Underwriting Liability 289

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 290

Liability Insurance Insurer Insured 290

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 264

Liability Insurance Insurer Insured 264

Insurance Journal

DECEMBER 12, 2024

COLUMBUS, Ohio (AP) The Ohio Supreme Court ruled last Tuesday that the state’s product liability law prohibits counties from bringing public nuisance claims against national pharmaceutical chains as they did as part of national opioid litigation, a decision that …

Claim 246

Claim Liability 246

Insurance Journal

AUGUST 12, 2024

pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 Hawaiian Electric Industries Inc. billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pay …

Liability 264

Liability Insurance Insurer Insured 264

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 246

Commercial General Liability General Liability Injury Liability 246

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 264

Auto Insurance Liability Insurance Insurer 264

Insurance Journal

DECEMBER 5, 2024

Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers’ Compensation which saw a decrease, according to the November 2024’s results of the Ivans Index.

Commercial 264

Commercial General Liability Commercial Property Liability 264

Insurance Journal

OCTOBER 30, 2024

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

Workers Compensation 260

Workers Compensation Compensation Liability Insurance Liability 260

Insurance Journal

NOVEMBER 3, 2024

By Andrea Wells When it comes to agency errors and omissions liability thereis nothing more important than playing it safe. One proven way is ensuring that everything is documented properly. But because there is always the threat of an E&O …

Risk 246

Risk Liability 246

Insurance Journal

DECEMBER 13, 2024

Givler, senior vice president, commercial lines, will lead the commercial/life insurance operations, overseeing commercial lines, management liability and surety, …

Commercial 246

Commercial Life Insurance Liability Insurance 246

Insurance Journal

NOVEMBER 11, 2024

Whether it’s General Liability, … 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).

Underwriter 246

Underwriter Underwriting General Liability Liability 246

Insurance Journal

DECEMBER 17, 2024

The city had acknowledged liability in the death of Da’Karia Spicer. CHICAGO (AP) A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The …

Liability 242

Liability 242

Insurance Journal

NOVEMBER 21, 2024

Asbestos, a notorious carcinogen, was in widespread use throughout the 20th century – from building materials to brake pads and even fake snow on film sets including The Wizard of Oz and White Christmas. In the 1960s, a link was …

Building 316

Building Claim Liability 316

Insurance Journal

JULY 23, 2024

Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach. Years of …

Liability 316

Liability 316

Insurance Journal

SEPTEMBER 2, 2024

HEWETT, W.Va. (AP) AP) — Ryan Craddock had seen his share of tragedy during two decades as a coal miner and firefighter. Then came the toughest heartbreak of all: his own. Craddock and his family are mourning the loss of his …

Injury 306

Injury Liability Insurance Liability Insurer 306

Insurance Journal

DECEMBER 30, 2024

Maryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated with them. The complaint, which was …

Risk 256

Risk Liability 256

Insurance Journal

SEPTEMBER 29, 2024

A Florida surgeon’s license was suspended last week after he reportedly removed the wrong organ from a patient, leading to the man’s death. Dr. Thomas Shaknovsky, working at Ascension Sacred Heart Emerald Coast Hospital near Fort Walton Beach, made repeated …

License 290

License Professional Liability Insurance Liability Insurance Liability 290

Insurance Journal

AUGUST 23, 2024

The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …

Protection 290

Protection Liability Insurance Marine Liability 290

Insurance Journal

SEPTEMBER 23, 2024

A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months. The incident saw 23 people hospitalized for smoke inhalation and left more …

Property Insurance 289

Property Insurance Liability Insurance Liability Risk 289

Insurance Journal

JANUARY 16, 2025

The family of former Leicester soccer club owner Vichai Srivaddhanaprabha has filed the largest fatal accident claim in English history after the Thai billionaire died in a helicopter crash in 2018, representatives said Friday [Jan. The High Court claim …

Claim 244

Claim Liability 244

Insurance Journal

JANUARY 3, 2025

NEW ORLEANS (AP) Seven years ago, New Orleans officials began installing adjustable barriers at intersections in the famed French Quarter to temporarily prevent vehicles from entering the tourist area where the narrow streets are typically teeming with pedestrians every …

Risk 295

Risk Liability 295