liability insurance News

Directors’ Liability Insurance Rates Surge on Virus Litigation Fears

LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims. Premiums for directors’ liability insurance, known as D&O, …

Zurich Drops Cover for Canada’s Trans Mountain Oil Pipeline

Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from …

Ethiopian Airlines, MAX Claims Put Pressure on Swiss Re Profits

FRANKFURT — Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. The world’s second-largest reinsurance company highlighted claims from …

Kansas Patients Can Now Win Big in Doctor Malpractice Suits

KANSAS CITY, Kan. — Brenda Lundeen went in for routine surgery to relieve heavy periods. What the Overland Park mom and grade school teacher got was a nightmare, as a medical mistake caused 194-degree water to pour through a hole …

New Law Protects Medical Professionals Who Travel with Sports Teams

President Donald Trump has signed legislation that will protect sports medicine professionals who travel with sports teams by ensuring that their license and liability insurance remains in effect even when they cross state lines. The Sports Medicine Licensure Clarity Act …

Activists Oppose Rule Mandating $1M Liability Insurance for Rallies

Some activists are pushing to change rules that require groups to obtain $1 million in liability insurance before holding a protest at the Iowa Capitol, claiming the rule threatens free speech. The Iowa Department of Administrative Services says it will …

Oregon River Guides Face Tougher Standards, New Insurance Requirements

Here are your requirements to be a river guide in inland Oregon – a cardiopulmonary resuscitation certificate, liability insurance, the $150 annual fee and be a reasonably good citizen. What you don’t need? A boat, knowledge of the river or …

Insurance Groups Welcome Delay in Liability Insurance Law Restatement

Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on Tuesday formally decided to postpone a …

Insurers Say Da Vinci Surgical Robot Maker Hid Liability Claims

It’s health insurers’ cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a patient, but rather a $1.5 million surgical robot known as the da Vinci system. Two insurance companies say da Vinci’s …

Michigan Evaluates Pedestrian Bridge Replacement

The state says it’s evaluating whether to replace a pedestrian bridge over a Detroit freeway that was pulled down last week by a trash truck. The Detroit Free Press reports the Michigan Department of Transportation is working to estimate damage …