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Construction Defects Are Not Covered Property Damage in Commercial Liability Policy

Insurance Journal

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 …

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Navigating Professional Liability for Design Firms

Insurance Journal

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 196
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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

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 223
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Managing Management Liability Risk in Today’s Market

Insurance Journal

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 187
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Youth Sports Liability Market in ‘Armageddon Mode’

Insurance Journal

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 214
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What Is Employers Liability Insurance?

Property Insurance Coverage Law

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.

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

Insurance Journal

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 210