Intel

A record number of products were recalled in the U.S. in 2022, according to new data from Sedgwick. Of the nearly 1.5 billion units recalled last year across all industries, the food and pharmaceutical sectors were most significantly affected, with both seeing recalls reach 10-year highs. The number of food units recalled in 2022 increased by…

A 30-year-old woman was sent to the hospital and listed in critical condition after a concrete slab from an apartment building facade broke off and struck her in the head while she walked down the sidewalk in Philadelphia, Pennsylvania, in early February. Contractors were reportedly working on the building when the concrete slab and debris fell from about two stories…

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 faulty window reversal system on certain Tesla models has led to the recall of more than 1 million vehicles. The problem, discovered by the company during production testing in August, could make the power windows react incorrectly to obstructions and cause an individual\'s fingers to be pinched, the Associated Press reported. Affected vehicles include certain Model 3 and Model…

A new report based on a survey of health care providers found that an alarming number of physicians have used alcohol or controlled substances while on the job. The survey, conducted by All Points North, revealed that 1 in 7 physicians admitted to consuming alcohol or using other controlled substances at work during the last three months, with more than…

Below we highlight the top 5 trending intel topics in July 2022.   1. Property & Casualty Overview & Outlook Commercial Property, Cyber Liability and Coastal Properties Watch as our experts discuss the Property & Casualty market as we begin the third quarter of 2022. This panel discussion included insights into…

Over $111 million in damages was recently awarded to a man who was reportedly left with \"catastrophic\" damage to his left leg after a surgery for a fracture he suffered while playing soccer in 2017. Anuj Thapa was 19 years old and a first-year student at St. Cloud State University when the accident occurred, sending him by ambulance to a…

Below we highlight the top 5 trending intel topics in June 2022. 1. Flood Insurance Flood Modeling & Insurance Perspectives 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…

Two separate construction accidents in Boston recently caused a stoppage on projects by the region’s largest construction company. According to reports, Suffolk Construction halted work at multiple job sites on May 6 in order to “reinforce safety awareness” after multiple workers were hurt when a former power plant under construction collapsed May 4, followed by an accident at another job…

During this webinar, Burns & Wilcox Brokerage experts met for a discussion on the state of the construction market, including commentary on primary, excess and NY construction markets. We also discussed current challenges and available specialty solutions, as well as what is needed for a quality submission. https://vimeo.com/714499485/39061997cf

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…