Burns and Wilcox News

Category: Trending

As Healthcare Industry Evolves, Michigan’s Largest System Reports Second Breach in 12 Months

Michigan’s largest healthcare system recently announced a data breach that may have compromised 6,000 patients’ protected health information. The breach reportedly occurred after six employee email accounts were exposed in a phishing scam in January. The eight-hospital network with 167 outpatient locations, notified patients on July 28 of a “data security incident” that could have…

Property Owner Settles Tenant Lawsuit for $3.5 Million

The former owner and manager of two apartment complexes in Washington, D.C. will pay $3.5 million to settle a tenant lawsuit alleging rat and bed bug infestations, sewage leaks, mold contamination and other hazards. The lawsuit, brought by the district’s attorney general in October 2018, also claimed the buildings’ hundreds of tenants were subjected to…

Lawsuits Allege Accounting Firm Breach Exposed 170,000 Patients’ Data

Two patients are pursuing class-action status for their lawsuits against a Colonie, New York health care company and its accounting firm over a 2019 data breach that reportedly exposed the sensitive information of 170,000 patients. The lawsuits allege BST & Co. CPAs, the accounting firm for Community Care Physicians, experienced a ransomware attack in December…

From Pools to ‘Pandemic Puppies,’ Backyard Family Fun Brings Risk

Sales of pools, trampolines and other backyard recreational items have surged in recent weeks as families try to salvage a summer marred by camp closures, community pool shutdowns, travel restrictions and continued anxiety over the COVID-19 crisis. Vendors in the U.S. and Canada have sold out of above-ground pools while pool shop owners continue to…

Vandalism, Storms, and Lawsuits Plague Beleaguered Businesses

Businesses around the world are experiencing the effects of the largest economic downturn since the 1940s. Some economists show the U.S. as having exited or nearly recovered from the recession that began in February, and Canada is showing signs of recovering from its deepest recession on record. Nevertheless, businesses continue to face numerous risks while…

Heavy Rain, Dam Failures Unleash ‘500-Year Flood’ in Mid-Michigan

Approximately 10,000 Michigan residents were forced to evacuate their homes on May 19 after catastrophic dam failures sent flood waters rushing through Midland and Saginaw counties, destroying homes, decimating roads and bridges, and leaving one small village in near ruin. Heavy rainfall in the area caused water levels in the Tittabawassee River to surge, leading…

Expansion of Workers’ Compensation Benefits for COVID-19 Sparks Concerns

California Governor Gavin Newsom’s May 6 executive order expanded Workers’ Compensation benefits to employees who test positive for COVID-19 within 14 days of performing a labor or service at work. Critics of Newsom’s order, including concerned business owners and the California Chamber of Commerce, argue that it could drive up costs for businesses already struggling…

Surge in Thefts at Businesses Shuttered by COVID-19

Commercial properties left vacant during coronavirus-related shutdowns have increasingly become the target of burglaries, adding another challenge for businesses already facing mounting hardship. Even as overall crime rates have plummeted globally, New York City saw a 169 percent spike in commercial burglaries in April and Vancouver reported a 147 percent increase in commercial break-ins between…

Uncertainty Remains in the Near Future with Medical Malpractice

By Karl Olson, Vice President, Professional and Management Liability Practice Leader, Burns & Wilcox Brokerage No one in the insurance industry could have predicted the challenges the U.S. and the world is now facing because of the COVID-19 pandemic. On a local level, healthcare practitioners are putting their health and safety on the line by…

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

The cannabis industry continues to experience growth in the U.S. and Canada. Medical and recreational marijuana sales are expected to reach nearly $30 billion in the U.S. by 2023, and sales have surged even during the COVID-19 crisis. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production,…

Senior Living Facilities Face Major Risks and Challenges

Close quarters, widespread shortages of protective gear and extremely vulnerable populations have led to high rates of COVID-19 infection at senior living facilities. Long-term care facility leaders face an uphill battle to keep residents safe, comply with new regulations and contend with potential or actual court battles related to COVID-19. “Senior living facility leaders and…

Workers Compensation is Evolving Quickly During the Challenges of 2020

By Justin K. Dorman, National Product Manager, Workers Compensation, Burns & Wilcox The Workers Compensation market has seen little volatility over the last few years. Insurance premiums have dropped since roughly 2015 as workplace safety measures and automation has increased in many industries. Some policies have experienced 50 percent premium decreases, an anomaly for the…

3 Keys to Combat Hackers in Cybercrime Surge

Cyberattacks have spiked dramatically since the COVID-19 crisis began, leading to what some are calling a “cybercrime pandemic” as hackers capitalize on vulnerabilities inherent in a newly remote workforce. The U.S. Federal Bureau of Investigation is receiving between 3,000 to 4,000 new internet crime complaints each day, compared to an average 1,000 daily before the…

3 Tips for Business Leaders: Mitigating Fallout from COVID-19

The family of a Walmart employee who recently lost his life to COVID-19 is suing the retailer, alleging the company did not respond appropriately when workers at the Chicago area store where the victim was employed exhibited coronavirus symptoms. The suit further alleges management failed to provide associates with personal protective equipment like gloves, and…