Intel

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

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?…

The title of this quarter’s overview and forecast could easily be: “Profitability Matters.” That is especially true in the Property space for both Personal and Commercial policies. The industry faces daily challenges from CAT storms and events, making every state subject to immediate loss from hurricanes, wildfires, and convective storms—defined as severe local storms associated with wind, thunder, lightning, heavy…

During this webinar, our experts gathered for an outlook into Q3, including high-level market overviews and insights. https://vimeo.com/845283560/f772266f72?share=copy

The social networking site Twitter is the target of a $250 million lawsuit recently filed by a group of 17 music publishers over alleged copyright infringements. According to a June 14 report from Forbes, the lawsuit was filed by the National Music Publishers’ Association and seeks up to $150,000 for each of the 1,700 songs that Twitter is claimed to…

As artificial intelligence is increasingly integrated into the business landscape, experts are raising concerns over the risks it could introduce to data security — particularly with the rise of generative AI models such as ChatGPT. Forbes recently reported on how the platforms could affect the data privacy of businesses, and companies like Apple and Samsung have taken steps to prevent…

We have seen few changes in the Property & Casualty (P&C) marketplace from Q1 through Q2 of 2023, however, the broader picture is becoming clearer now that 2022 year-end financial filings are available. According to ALIRT Insurance Research, the discrepancy between Personal and Commercial Lines Composite underwriting is historically wide. Namely, the Personal Lines Composite combined ratio of 109 percent…

Global cyberattacks grew 38% between 2021 and 2022, and experts believe the risk will only continue to escalate. In the news, a steady stream of reports detail the myriad ways that sensitive data can be exposed — and show that the risk can come from outside an organization or within it. Earlier this month, Kris 6 News reported that a…

More than six years after a data breach that disclosed 2.81 million patients’ protected health information, Banner Health has agreed to pay $1.25 million to the U.S. government to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA), Campus Safety Magazine recently reported. The Arizona-based healthcare system also agreed to implement changes to better protect patient information.…

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

A candle company in Mayfield, Kentucky, is being accused of threatening to fire factory workers who wanted to leave the building before dangerous weather approached. A new lawsuit filed in December by employees of Mayfield Consumer Products claims multiple workers were prohibited from leaving the facility Dec. 10, 2021, despite the company having at least three hours of notice about…

With inflation driving up costs, increased demand for coupon codes and deals could make shoppers particularly vulnerable to cyber scams this holiday season, according to reports. Cybersecurity experts recently told news outlet Axios that hackers are using heightened interest in online discounts to target consumers for phishing and ransomware scams. Other reports also point to the…