liability coverage News

Ohio Supreme Ct. Upholds Escape Clause in Progressive Auto Liability Policy

Acuity and Progressive Specialty Insurance Co. disputed who should pay after a 16-year-old boy borrowed a friend’s car and crashed it into a utility pole in Streetsboro, Ohio. The driver was insured by Acuity through a policy issued to his …

South Carolina Bars and Restaurants Closing in Face of Rising Liability Insurance Costs

Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto State running this fall, as the full …

Archdiocese Sues Insurers Over Sexual Abuse Coverage

SANTA FE, N.M. (AP) — One of the oldest Roman Catholic dioceses in the U.S. is suing four insurance companies over claims that they haven’t fulfilled contracts to provide liability coverage for sexual abuse complaints. The Archdiocese of Santa Fe …

PG&E Fire Insurance Costs Skyrocket After Bankruptcy, Fires

PG&E Corp. is finding it very costly to buy fire insurance after wildfires triggered by its power lines sent the company into bankruptcy and left it paying $25.5 billion for claims. It’s hoping customers will foot the bill. The San …

Texas County Approves $1.8M Settlement in Sandra Bland Wrongful Death Suit

Leaders of a Texas county Wednesday approved a $1.8 million settlement in a wrongful death lawsuit filed by the family of Sandra Bland, who died in jail days after being arrested last year. An overall $1.9 million settlement was disclosed …

The Potential Liabilities and Insurance Coverage Implications of Solar Panels

Solar panels are quickly becoming a fixture in our everyday lives. Whether driving down a country road or the busiest highway, you will see solar panels dotting the roofs of commercial buildings and residential homes alike. Comprised of photovoltaic cells, …

The Benefits of Locating Lost Policies

There are a variety of situations when a lost policy might need to be located, according to Sheila Mulrennan, president of the New York-based Insurance Archaeology Group. Searches are typically associated with long tail liability claims, the most common claim …

Vendor Selected for Oklahoma Temporary Motorist Liability Plan

The state of Oklahoma has chosen Red Rock Insurance Company, an Oklahoma-based business, to provide liability coverage for offenders whose license plates were seized for failure to carry state-mandated auto insurance. House Bill 1792, signed into law in April, allows …