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Stolen Skeleton Unearths Halloween Insurance Risks
Inside This Article: A Halloween lawn decoration depicting a skeleton riding a rooster was recently stolen from a homeowner’s yard in Henderson, Kentucky. Beyond the risk of theft, seasonal decorations can also pose fire hazards, with home fires involving decorations causing about $17 million per year in property damage between 2019 and 2023. Homeowners Insurance can cover theft, fire
$16M Verdict Follows Mechanical Bull Injury at Bar
Inside This Article: A couple was recently awarded $16 million after suing a Kansas City bar where the man allegedly fell from a mechanical bull.  Before the trial, the couple sought $8 million to settle the case, while the defendants offered $2.2 million, according to Missouri Lawyers Media. Commercial General Liability (CGL) Insurance can cover customer injury claims; however,
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Professional errors are a risk in any industry and can lead to severe financial loss. To learn more about the Errors and Omissions (E&O) Insurance, we spoke with Kenneth Labelle, Broker, Professional Liability, Burns & Wilcox Brokerage, Chicago, Illinois. What are the greatest risks related to Errors & Omissions? K.L.: There are hundreds of different classes of E&O business, from…
The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems with sliding glass doors. As…
Our experts met for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. During this webinar, we discuss: The silos of the medical industry The new and emerging risks, including telemedicine and urgent care centers Challenges facing the healthcare market https://vimeo.com/553094170/e4d82cafe2
The ransomware attack that shut down one of the largest fuel pipelines in the U.S. and set off gas shortages and panic-buying is indicative of the growing cyber risk threatening American infrastructure, experts said in a recent USA Today report. Colonial Pipeline Co., which moves 2.5 million barrels of petroleum each day, was forced to discontinue operations May 7 after…
The Environmental Insurance market does not always move in lockstep with some of the more common lines of business. Since this is often not a required coverage, Environmental’s peaks rely more heavily on one or more factors including, but not limited to, the foresight of risk managers, a business’ experience with past environmental losses and claims, and contractual requirements that…
Paul Smith hosts a Carrier Q&A discussion with Patrick Rastiello, President and CEO, Accredited America. With over 40 years of experience in the insurance market, Patrick brings a wealth of insight on the current environment into the conversation. During this webinar, we discussed: Â Market conditions Technology\'s impact on the underwriting process Forecasts into the months ahead https://vimeo.com/548121687/2e224dac90
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