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Trending Intel: July 2022

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Below we highlight the top 5 trending intel topics in July 2022.

 

1. Property & Casualty Overview & Outlook

Commercial Property, Cyber Liability and Coastal Properties
Watch as our experts discuss the Property & Casualty market as we begin the third quarter of 2022. This panel discussion included insights into the following areas: Commercial Property, Cyber Liability, and Coastal Properties. Featuring: Anella Niewenhous, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox; Ryan Ascenzo, Senior Broker, Professional Liability, Burns & Wilcox Brokerage; and Jody Oster, Senior Broker, Property, Burns & Wilcox.

2. Cannabis

Ask the Expert Q&A: Cannabis Insurance
Varying state regulations and a heightened risk of theft and vandalism are among ongoing challenges in the booming cannabis industry. To learn more about Cannabis Insurance, we spoke with Emily McDaniel, Broker, Commercial Insurance, Burns & Wilcox, Denver, Colorado, and Jason Scheurle, National Product Leader, Cannabis, Burns & Wilcox, based in Philadelphia, PA.

3. Cyber & Privacy Liability 

Amazon’s ‘Alexa’ Used Customers’ Voice Data for Targeted Ads, Lawsuit Alleges
The voice assistant “Alexa” featured on Amazon’s Echo Dot and other devices has been collecting data on millions of customers without their knowledge and using it for targeted advertising, a new lawsuit against the company alleges. Filed June 8 in the U.S. District Court in Seattle, Washington, the lawsuit seeks class-action status and claims that Amazon recently acknowledged its use of voice data for advertising purposes despite previously denying the practice repeatedly.

4. Energy 

Energy Insurance Market Overview: Insuring Oil, Gas & Renewables
While the Energy insurance industry remains in a hard market, much has changed in the last 12 months. Buoyed by the war in Ukraine, the price of oil has risen from $70 to well over $110 as of June 27, global oil production and consumption has climbed to pre-pandemic levels, and rig activity is up significantly. Most oil producers are no longer straddling the line of profitability even as investments and expectations for environmental social governance (ESG) programs grow.

5. Construction

Multiple Accidents Bring Boston Construction Projects to a Halt
Two separate construction accidents in Boston recently caused a stoppage on projects by the region’s largest construction company. According to reports, Suffolk Construction halted work at multiple job sites on May 6 in order to “reinforce safety awareness” after multiple workers were hurt when a former power plant under construction collapsed May 4, followed by an accident at another job site May 5 when a worker fell 30 feet.

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