Ohio State University reached a $100 million settlement with former student athletes who alleged sexual abuse by Dr. Richard Strauss decades ago. The case highlights how institutional liability insurance works in major settlements.
liability insurance
Insurance Rates Drop to 2020 Levels in 2026
Specialty insurance markets saw significant rate declines in 2025 and January 2026 renewals, with rates falling back to 2020 levels according to WTW’s survey. This reversal erased about half of the 45% rate increases accumulated between 2017-2023, though concerns remain about social inflation and litigation trends.
Bank Settlement Shows Financial Liability Risks
A federal judge approved Bank of America’s $72.5 million settlement with Jeffrey Epstein’s victims, marking another major financial institution held accountable for alleged complicity in criminal activity through suspicious transactions.