general liability News

Delaware Supreme: Insurers Have No Duty to Defend Rite Aid Against Opioid Lawsuits

Chubb Ltd. has no duty to defend Rite Aid Corp. against lawsuits filed by two Ohio counties that allege the drug store chain’s failure to identify suspicious orders contributed to an oversupply of opioids that forced the plaintiffs to pay …

Insurer Must Defend Against Lawsuit Over Drug Overdose, Despite Exclusion

An insurer must defend its policyholders against a lawsuit that alleges their drug-dealer son caused the overdose death of a house guest while they were away, a Pennsylvania appellate court ruled. A three-judge panel with the Pennsylvania Superior Court ruled …

Willis: COVID-19 Losses Offset by Reduced Claims for Auto Lines

If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash. If not, the industry may be on the verge of an historic catastrophe. A …

Personnel Announcements: Maltman International, Transcom Solutions, Orchid Medical

Maltman International Appoints New Executive General Adjuster Maltman International, a claims management provider based in Toronto, has appointed Brian McCulloch as executive general adjuster. McCulloch has been active in the Canadian market for 40 years, with experience on the carrier …

Even Monkeys Cannot Explain Why Companies Insist on Subrogation Waivers

Most state workers’ compensation laws, or cases construing them, allow the employer and its carrier to waive its right to subrogate against a third party that caused or contributed to an employee’s injury. The purpose of a subrogation waiver is …

Insurers Sue Over Los Angeles School Abuse Settlement

Seven insurers have sued the Los Angeles school district to avoid paying a $30 million settlement to 58 alleged victims of child abuse at an elementary school. The insurers claim there was no relevant coverage under the policies, but the …

U.S. Legal System Is World’s Most Costly: Study

The U.S. Chamber Institute for Legal Reform (ILR) today released a study by NERA Economic Consulting showing that the U.S. has the world’s most costly legal system as a share of its economy. The study compared liability costs as a …

Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey

The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price increases, or both, according to a new survey. Still, the survey of risk managers and other corporate insurance buyers by Hanover Stone …

Aces Commercial Insurance Services Announces New Contractor GL Online Rate, Quote, & Bind Program

Costa Mesa, CA, 03/06/12 – Aces Commercial Insurance Services, a leading GA/Wholesale brokerage specializing in general liability markets, announces the launch of a new online, rate, quote, & bind program. The new program is already in effect and has been …

New Casualty Index Announced

ISO, a provider of property/casualty insurance risk information, has launched the ISO Casualty Index, a new service providing loss ratio and loss development trends for select lines of casualty insurance. The Index is based on statistical data collected from more …