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Grumpy Cat vs. Copycats: Trademark Claims Underscore Importance of Insurance

Grumpy Cat vs. Copycats: Trademark Claims Underscore Importance of Insurance

More than five years after the death of Grumpy Cat, the internet-famous cat known for its disgruntled-looking expression, the company that owns its image and likeness continues to confront alleged trademark violations from other entities using the pet’s face for profit. According to a recent report from Courthouse News Service, Grumpy Cat Limited has filed more than 50 trademark lawsuits…

Broken Lock, Faulty Smoke Detectors: Renters Claim Negligence Led to Separate Tragic Events

Broken Lock, Faulty Smoke Detectors: Renters Claim Negligence Led to Separate Tragic Events

A woman who was assaulted in her apartment after a stranger broke in through the unit\'s back sliding door is suing the housing complex for over $1 million, claiming the attack could have been prevented if the broken back door lock had been fixed when she and her roommate first reported it. The Austin, Texas, woman filed the lawsuit against…

P&C Report: 2024 Q2 Outlook

P&C Report: 2024 Q2 Outlook

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

Biometric Data Use Expands: How to Protect Consumer Privacy, Prevent Lawsuits

Biometric Data Use Expands: How to Protect Consumer Privacy, Prevent Lawsuits

More companies in the U.S. and Canada are incorporating the use of biometric data into their operations, raising unease for some consumers, and prompting a number of class-action lawsuits over information that may be collected improperly. Airports are among the latest industries to join the trend, with CBC News recently reporting on airlines like Air Canada and various airports implementing…

Ask the Expert Q&A: Errors & Omissions Insurance

Ask the Expert Q&A: Errors & Omissions Insurance

When an error is made by a real estate agent, accountant, consultant or other professional, the financial loss incurred by their client can be substantial. To learn how Errors & Omissions (E&O) Insurance can help protect professionals, we spoke with Erica​​​​ Rangel, Manager, Professional Liability, Burns & Wilcox, Chicago, Illinois. What are some of the greatest risks today as it…

Engineer Under Fire After 7-Story Building Collapses During Construction Work

Engineer Under Fire After 7-Story Building Collapses During Construction Work

The engineer allegedly responsible for a partial building collapse in the Bronx in December has had their license suspended for two years by the city of New York and faces a $10,000 fine, according to reports. No one was injured but dozens of families lost their homes after the collapse of the seven-story apartment building, part of which was under…

Business Travelers Not Taking Cybersecurity Precautions, Survey Finds

Business Travelers Not Taking Cybersecurity Precautions, Survey Finds

Business travelers using unsecured networks and personal devices while away from the office could be putting their companies at greater risk for cybercrime, new data suggests. According to a World Travel Protection survey, just 36% of American companies require two-factor authentication on employees’ devices, 32% use antivirus software, and 30% have their employees use a virtual private network, or VPN,…

P&C Report: 2024 Forecast

P&C Report: 2024 Forecast

Many of the primary factors that influenced the status of the Property & Casualty (P&C) market in 2023 are likely to remain in 2024. We continue to operate in a comparatively hard environment marked by rising but moderating rates on some lines of business, where it is often necessary to layer available capacity that includes carefully worded terms and conditions…

‘DNA Relatives’ Data Exposed: 6.9 Million Impacted By 23andMe Breach

‘DNA Relatives’ Data Exposed: 6.9 Million Impacted By 23andMe Breach

Family members\' names, birth years, relationship labels, shared DNA information and more were recently exposed in a data breach against genetic testing company 23andMe in an attack that impacted 6.9 million individuals. While the biotech firm explained in an announcement that less than 0.1% of user accounts were accessed in the October breach, this gave hackers access to about 5.5…

Property & Casualty Report: Q3/Q4 2023

Property & Casualty Report: Q3/Q4 2023

Despite the continued “flight toward profitability” for most carriers, moderation in both rate and capacity is occurring in many insurance sectors. Most rates are rising, but the level of increases is slowing. Capacity is generally available but often requires creativity. On the Casualty side, some classes remain stressed while carriers are competing for business in others. These and other trends…

Cyber & Privacy Liability Insurance Market Overview

Cyber & Privacy Liability Insurance Market Overview

Organizations face a multitude of risks at any given time, yet the top cause of stress for business leaders, for the third time in four years, remained cyber risks. Given mounting concerns, the demand for risk mitigation efforts and Cyber & Privacy Insurance policies have drastically increased. While security tools and training have become much more advanced in their effectiveness,…

Survey Shows 50% of Businesses Are Not Prepared to Face Rising Cyber Risks

Survey Shows 50% of Businesses Are Not Prepared to Face Rising Cyber Risks

The risk of a cyberattack is a leading concern for a majority of business owners, yet many have not taken some of the key steps needed to prevent or respond to a cyber incident, according to a new survey of business leaders. The Travelers Risk Index, an annual report that studied more than 1,200 business decision-makers, found that cyber risks…

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