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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: Cryptocurrency

Ask the Expert Q&A: Cryptocurrency

As more businesses begin investing in cryptocurrency and accept it as a form of payment, a rapidly growing insurance market has emerged to address the myriad of risks associated with the digital currency. To learn more about cryptocurrency-related risks and insurance coverages, Crain’s Content Studio spoke with David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns &…

Cannabis Lounges Bring New Risks to Fast-Moving Industry

Cannabis Lounges Bring New Risks to Fast-Moving Industry

In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw their first cannabis lounges open in April, Michigan’s first marijuana lounge is set to open this summer, and officials in Nevada are currently discussing how the recently-approved class of businesses…

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…

Louis Vuitton Virtual ‘Try-On’ Tool Collected Customers’ Facial Scans, Lawsuit Claims

Louis Vuitton Virtual ‘Try-On’ Tool Collected Customers’ Facial Scans, Lawsuit Claims

A virtual “try-on” tool for sunglasses offered by Louis Vuitton collected customers’ facial scan data without their consent, violating the Illinois Biometric Privacy Protection Act, a new lawsuit against the luxury brand alleges. The proposed class-action suit, filed April 8, claims the LVMH corporation’s North America unit took biometric data from online shoppers when they used their webcams to try…

What is Cryptocurrency and can you insure it?

What is Cryptocurrency and can you insure it?

Digital assets in the cryptocurrency market have seen explosive growth in recent years, surpassing $3 trillion in November 2021. That total was up from just $14 billion at the end of 2016. It is also estimated that 40 million Americans, or 16 percent of the population invested in cryptocurrencies last year—with more than 100 countries looking into the option of…

Cryptocurrency

Cryptocurrency

During this webinar, we were joined by special guest Vinny Lingham, Internet entrepreneur and Co-Founder & Executive Chairman of Civic - a startup that encrypts identity information on the blockchain. Our own David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox, hosts. Watch as our experts explain and discuss cryptocurrency, Blockchain, and Decentralized Finance (DeFi)…

U.S. Soccer Agrees to Pay $24 Million to Settle Equal Pay Lawsuit

U.S. Soccer Agrees to Pay $24 Million to Settle Equal Pay Lawsuit

A $24 million settlement was reached Feb. 22 between the U.S. Soccer Federation and members of its women’s national soccer team, who had filed an Equal Employment Opportunity Commission complaint six years ago alleging sex-based wage discrimination. The “landmark” settlement includes $22 million in back pay for dozens of current and former players and an agreement from the soccer organization…

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…

The Rise of Cryptocurrency Exposes New Risks, Liabilities

The Rise of Cryptocurrency Exposes New Risks, Liabilities

Cryptocurrency’s shift into the mainstream was validated on Super Bowl Sunday, when fans watching the Feb. 13 event were so engaged with a commercial by the cryptocurrency exchange platform Coinbase that the company’s website temporarily crashed. Coinbase aired a 60-second ad featuring a bouncing QR code that, upon being scanned, brought fans to a promotional site offering $15 in free…

Eye on 2022: Professional Liability Insurance Overview

Eye on 2022: Professional Liability Insurance Overview

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