RISK RADAR · BUSINESS LINE
Casualty and liability
Strategic risks that hit casualty and liability: general and product liability, D&O, professional indemnity and E&O, workers' compensation, employers' liability.
ARGUS’S READING Rising · Spreading AI exclusions change available cover, while Morningstar DBRS identifies French riot accumulation across liability and other lines.
Property and catastropheCasualty and liabilityMotorMarine, aviation and transportEnergy, engineering and constructionCredit, surety and political riskCyberAgricultureLife, annuities and pensionsHealth and medicalWhole industry
1–3 yrsClaims and pricing
Texas sues OpenAI and Sam Altman over ChatGPT safety claims and seeks a block on new models
A state suit against an AI developer could set liability precedent for AI products and the cover written for them.
NowClaims and pricing
The AI disclosure gap: Are insureds telling insurers enough? ↗
Insureds' undisclosed AI use may hide exposure from underwriters, weakening pricing of casualty and professional liability cover.
NowClaims and pricing
AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims ↗
Litigation costs push commercial auto liability claims above inflation, raising underwriting pressure on fleet and liability cover.
NowClaims and pricing
Florida Supreme Court opens door to some lawsuits against insurers • Florida Phoenix ↗
Florida ruling allows some lawsuits against insurers, raising potential liability and claims costs for carriers.
1–3 yrsClaims and pricing
Chubb sees growth in AI risks and data centers as commercial competition increases ↗
AI liability is an emerging exposure that underwriting has not yet fully addressed.
NowClaims and pricing
AM Best reports rising social inflation costs continue to challenge US liability insurers ↗
Social inflation keeps pressuring US liability claims costs, with commercial motor among the hardest hit.
NowClaims and pricing
AI exclusions are spreading through commercial policies, brokers warn clients to check cover ↗
Spreading AI exclusions in commercial policies push AI-related liabilities out of cover, creating coverage gaps for businesses.
NowClaims and pricing
‘Don’t carve it out’: insurers push back on blanket AI exclusions as adoption surges ↗
Insurers warn blanket AI exclusions would leave protection gaps as businesses embed AI in operations.
NowClaims and pricing
Meta ordered to pay $25 billion privacy penalty ↗
Per-violation penalty math in a large privacy case widens liability exposure for tech and privacy-related covers.
1–3 yrsClaims and pricing
Tipping the Scales? GLP-1 Considerations for Workers’ Comp ↗
Rising GLP-1 drug use changes workers' comp cost drivers that claims teams must price and manage.
NowClaims and pricing
Bruce Gendelman Insurance Warns Businesses to Review Coverage as AI Exclusions Begin Appearing in Insurance Policies ↗
Insurers adding AI exclusions signals AI liability is being carved out of standard policies, shifting exposure onto businesses.
NowClaims and pricing
Cyber claims shift as AI failures create new liability risks ↗
AI failures are generating liability claims within cyber books, creating exposure for cyber and casualty writers.
NowClaims and pricing
Morningstar DBRS puts French riot insured losses below €1.2bn and urges insurers to treat unrest as an accumulation risk
Riot losses are behaving like a catastrophe peril, with correlated claims across lines needing dedicated pricing and reinsurance.
1–3 yrsClaims and pricing
Singapore signals it will pursue banks and investors linked to Indonesia’s haze fires ↗
Possible liability for financiers of haze fires could raise D&O exposure for listed agribusinesses.
1–3 yrsClaims and pricing
MAS AI governance rules put tech E&O in the spotlight as Sea prepares enterprise platform ↗
Singapore AI governance rules raise tech E&O exposure for firms deploying AI systems.
NowCapital
Slower claims closures mask $16bn US commercial auto loss: AM Best ↗
Slow claim closures hide a $16bn US commercial auto loss, pressuring reserves and insurers' balance sheets.
1–3 yrsClaims and pricing
'Rogue' AI raises liability and insurance questions for developers and deployers ↗
Unpredictable AI behaviour creates liability questions that casualty underwriters will have to price.
NowClaims and pricing
Court upholds $604 million verdict against C.H. Robinson, raising stakes for freight broker carrier vetting ↗
A $604m upheld verdict signals nuclear-verdict risk for freight-broker liability in US trucking.
NowClaims and pricing
Continental Insurance Co. Files Declaratory Action Over Underlying Asbestos Talc Complaints ↗
Insurers seeking declaratory relief on talc claims signal mass-tort exposure reaching older liability policies.
1–3 yrsClaims and pricing
Marsh chief executive says broad AI exclusions in insurance policies could cause “real confusion”
Broad AI exclusions could leave unclear cover for AI-related claims across casualty and cyber.