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Rooftop Fireworks Spark Apartment Fire, Leading Residents to Sue Owners
Residents of an apartment complex in Atlanta, Georgia, that was severely damaged in a three-alarm fire on Nov. 10 have filed a class-action lawsuit against the building owners, claiming the owners failed to maintain the property’s fire suppression system and allowed access to the roof, where the fire began. The devastating blaze that destroyed most of the Reserve at LaVista
University Employee Sustains Bike Injury, Still Qualifies for Workers Comp
A woman who fell off her bike and was injured while leaving her workplace at the University of California will be eligible for Workers Compensation but cannot sue her employer for negligence, an appeals court ruled. Based on the \"premises line\" rule, the employee was still engaged in the course of her employment when the accident occurred, as she was
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Increasing demand for aging services and a boom in medispas are among the changes currently happening in the ever-evolving healthcare industry. To learn more about industry risks and Healthcare Insurance solutions, we spoke with Lily Chetosky, Broker, Professional Liability, Burns & Wilcox, Chicago, Illinois. What are some of the greatest risks in healthcare today? L.C.: There are a lot of…
A bottle of the “world’s most valuable” whisky will go up for auction at Sotheby’s on Nov. 18 and is estimated to sell for between $910,000 and $1.5 million, according to reports. The Macallan Valerio Adami 1926 is one of just 40 bottles filled in 1986 after the liquor aged for six decades in sherry casks, making it the oldest…
The U.S. Coast Guard rescued four crew members after a 60-foot luxury yacht flooded and overturned off the North Carolina coast recently, forcing them to abandon ship in a life raft, according to reports. The captain of the vessel later sent his thanks to the Coast Guard and locals, who he said were “absolutely amazing” in the Oct. 21 helicopter…
Pharmacies in the state of Georgia can now legally sell certain cannabis products at their counters under a new law that went into effect Oct. 27. It is the first state in the U.S. to permit pharmacy sales of medical marijuana, which will be limited in Georgia to low-dose THC products like THC oil and capsules, CNN reported. [lgc_column grid=\"50\"…
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…
The marketplace for private Flood Insurance has continued to grow in the months since a new flood-risk rating system went into effect for National Flood Insurance Program (NFIP) policies. A recent report from AM Best shows that 11 new private Flood Insurance carriers entered the market between 2021 and 2022, and a total of 151 new providers have started offering…
Other Recent Intel
More than 70 million candy products that contain rolling liquid dispensers were recently recalled due to the risk of choking. The two products separately recalled — 145,800 Cocco Candy Rolling Candy dispensers and 70 million of the Candy Dynamics Slime Licker Sour Rolling Liquid Candy — contain a roller ball mechanism that dispenses liquid. According to the U.S. Consumer Product…
During this webinar, our experts gathered for an outlook into Q4, including high-level market overviews and insights. https://vimeo.com/873830823/a60f420cfa?share=copy
Medication errors, theft from residents, failure to treat pressure sores and other hazards are among the claims being made against a nursing home in Mount Pleasant, Iowa, as it faces $49,000 in possible fines for 20 state and federal violations. According to reports, the 62-bed Arbor Court nursing home has had repeated violations over the past 21 months, including 66…
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,…
The last few years have been challenging for the Property & Casualty (P&C) industry and the first half of 2023 was no different. After the first three months, the Insurance Information Institute had already predicted that 2023 would be unprofitable for carriers in P&C. Overall performance through the first six months has been as bad as the industry has seen…
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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