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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…

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…

Holiday Party Risks: Companies Could Face Costly Lawsuits, Claims

Holiday Party Risks: Companies Could Face Costly Lawsuits, Claims

As companies prepare to host gatherings for their employees this holiday season, there have been no shortage of reminders that these events can be fraught with unintended risks. Some of the greatest holiday party risks revolve around the possibility of harassment or discrimination against employees, especially when alcohol is involved. This can make company holiday parties…

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…

Building Owner’s Lawsuit Blames Engineering Firm for Deadly Collapse

Building Owner’s Lawsuit Blames Engineering Firm for Deadly Collapse

The owner of a 116-year-old building that partially collapsed earlier this year is taking legal action against the engineering company that allegedly failed to recognize that the building was unsafe, according to reports. The apartment building in Davenport, Iowa, partially collapsed on May 28, tragically killing three men and injuring several others, including one woman who needed a leg amputation…

Cyber Liability Risk & Security

Cyber Liability Risk & Security

During this webinar, our experts gathered for a discussion on the current state of the Cyber Liability market. Our panel explored cybersecurity controls, discussed claims examples, and provided tips for brokers and agents.   https://vimeo.com/864574556/afa5fa8144?share=copy

Ask the Expert Q&A: Management Liability

Ask the Expert Q&A: Management Liability

Running a company can result in a number of liability exposures, from employment matters to financial decisions. To learn more about management liability and the types of insurance that can address it, we spoke with Melissa​​​​ Martin, Broker, Professional Liability, Burns & Wilcox, Los Angeles, California. What are some of the greatest risks today when it comes to management liability?…

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