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Trending Intel: June 2022

Trending Intel: June 2022

Below we highlight the top 5 trending intel topics in June 2022. 1. Flood Insurance Flood Modeling & Insurance Perspectives [lgc_column grid=\"20\" tablet_grid=\"20\" mobile_grid=\"100\" last=\"false\"][/lgc_column][lgc_column grid=\"80\" tablet_grid=\"80\" mobile_grid=\"100\" last=\"false\"]The U.S. Flood insurance market is being completely revamped with the launch of the National Flood Insurance Program’s (NFIP) risk rating 2.0, which applies risk modeling technology to evaluate exposure. Simultaneously the…

Ask the Expert Q&A: Architects & Engineers Insurance

Ask the Expert Q&A: Architects & Engineers Insurance

Design errors & omissions and evolving technology are among the most pressing challenges faced by today’s architects, engineers, general contractors, and other design professionals. To learn more about their need for Architects & Engineers Insurance, we spoke with Tameka Livatino, Underwriting Director, Professional Liability, Burns & Wilcox, Chicago, Illinois. What are some of the greatest risks facing architects and engineers…

Millions of Honeybees Killed in Delta Shipping Disaster

Millions of Honeybees Killed in Delta Shipping Disaster

Millions of honeybees tragically died on a hot airport tarmac in Atlanta after a series of mistakes that occurred while the bees were being shipped from California to Alaska. According to reports, the 800-pound shipment of bees could not be accommodated on its original Delta Air Lines flight due to an aircraft change that rerouted the bees to Atlanta, where…

Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

As we enter the long-awaited season of Spring which conjures up thoughts of new beginnings, I draw parallels to the Excess & Surplus (E&S) Insurance industry. Several years of disciplined underwriting, including increased rates, adjusted limit deployment, and careful tweaking of policy language, coupled with a tamping of COVID-19 restrictions is resulting in this renewed sense of optimism. Carriers are…

Historic Labor Shortage Creates ‘Brutal’ Situation in Nursing Homes

Historic Labor Shortage Creates ‘Brutal’ Situation in Nursing Homes

A historic labor shortage is continuing to challenge long-term care facilities, where workers are dealing with high levels of burnout, reduced one-on-one time with patients and other strains, a recent NPR report detailed. The conditions are “brutal,” the president of the largest nonprofit senior housing provider in the U.S. told NPR, and researchers are warning that the situation could have…

Officials Investigate Pittsburgh Bridge Collapse That Injured 10

Officials Investigate Pittsburgh Bridge Collapse That Injured 10

Cleanup and investigation efforts are underway at the site of the Forbes Avenue Bridge in Pittsburgh, Pennsylvania, after the bridge collapsed on Jan. 28. A city bus and several other vehicles were on the bridge when it came crashing down, injuring 10 individuals in a terrifying ordeal that left motorists fearing for their lives. The 447-foot bridge, which was built…

Labor & Staffing: Management Liability and E&O Insurance Solutions

Labor & Staffing: Management Liability and E&O Insurance Solutions

During this webinar, our experts met for a discussion on Management Liability and E&O as it relates to the risks associated with remote operations, labor shortages, and staffing companies. We discussed key coverage considerations and exclusions.

Toy Stores Under Pressure as Supply Chain Concerns Dominate Holiday Shopping Season

Toy Stores Under Pressure as Supply Chain Concerns Dominate Holiday Shopping Season

Supply chain shortages linked to seaport backlogs, a lack of truck drivers and other constraints could mean toy stores are unable to keep up with holiday shopping demands this year, setting up business owners and consumers for a season that some say will be “unlike any other.” Although President Joe Biden told retailers Nov. 29 that the White House would…

‘Rust’ Movie Set Shooting Likely to Prompt Major Lawsuits, Experts Say

‘Rust’ Movie Set Shooting Likely to Prompt Major Lawsuits, Experts Say

The accidental shooting that resulted in the tragic death of cinematographer Halyna Hutchins on the set of the film Rust could lead to a “tremendous legal fallout,” Time magazine recently reported. Reports indicate that Hutchins died after producer and actor Alec Baldwin fired a prop gun that contained a live round. Director Joel Souza was also injured in the shooting…

Children Given COVID Vaccine Instead of Flu Shot at Walgreens Pharmacy

Children Given COVID Vaccine Instead of Flu Shot at Walgreens Pharmacy

A family of four was reportedly vaccinated against COVID-19 by mistake on Oct. 4 when they tried to get their annual flu shots at a Walgreens pharmacy in Evansville, Indiana. The parents claim that shortly after they and their 4- and 5-year-old children received what they thought was the flu vaccine, a pharmacist called to explain that they all had…

Specialty Healthcare Insurance Market Overview

Specialty Healthcare Insurance Market Overview

It is a cautious time for underwriters in the Healthcare insurance industry. The overall hardening of the market continues into 2021 and carriers are pulling back on coverage in key areas in the wake of the COVID-19 pandemic—most notably Senior Care and Nursing Homes. Meanwhile, the Medical Malpractice market expects to see claims of up to $20 billion over the…

Booming Real Estate Market Could Mean Increased Error Risk for Agents

Booming Real Estate Market Could Mean Increased Error Risk for Agents

A real estate agent and realty company are being sued for their handling of a $4.6 million home sale in Sarasota, Florida. According to a report in the Sarasota Herald-Tribune, a man who wanted to buy the Bird Key neighborhood property but whose offer was not chosen is accusing real estate agent Roger Pettingell and Coldwell Banker Realty of manipulating…

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