FT Professional Glossary

Liability

The state of being legally responsible for something

Example usage from an FT article:

If drivers are no longer responsible for accidents, liability would shift to manufacturers, limiting the role of conventional insurance to theft and non-driving-related damage.

Excerpt from "Insurers will not find it easy to share the road with self-driving cars"

Explore relevant law & regulation articles

Insurance

Zurich boss hits out at private capital giants’ European insurance drive

Mario Greco says asset-gathering philosophy of groups such as Apollo and KKR will meet resistance

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Private equity

Can Soho House regain its allure?

Plus, Apollo’s finger-pointing game and London’s bankers get creative

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Insurance

Apollo’s insurer points finger at rivals over potential conflicts

US life insurers’ related-party assets have come under scrutiny as private equity has piled into the sector

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US companies

UnitedHealth shares jump after Buffett’s Berkshire takes stake

Troubled healthcare group has been one of the worst performers on the S&P 500 this year

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Technology

Aon sued for alleged fraud linked to credit insurance for start-ups

Lawsuit representing AI business Vesttoo sheds light on push by insurance broker into growing market

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