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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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Last week, the personal data of employees and students in a Las Vegas public school district with about 320,000 students was made public after the district refused to pay a hacker’s ransom. The released documents contained Clark County Public School District personnel and student records, Social Security numbers, addresses, grades and other private information stolen in an August 27 ransomware…
Colorado, Illinois and Ohio set new records for monthly marijuana sales in July and August, underscoring the resilience of the cannabis industry amid the COVID-19 recession. In July, recreational and medical marijuana stores in Colorado generated a combined $226.4 million in revenue, up 13.8 percent from June, and Ohio saw a record $21 million in medical marijuana sales. In August,…
In a span of just 20 minutes on September 8, wind gusts of nearly 100 miles per hour flipped 45 semi-trucks on some Northern Utah highways. Four drivers were hospitalized with injuries and one semi-truck driver suffered a fatal head injury when the wind blew open his cargo door during a delivery and knocked him to the ground. Authorities said…
The Management Liability market continues to undergo significant transformations as products within the Directors and Officers Liability (D&O), Employment Practice Liabilities (EPL) and Fiduciary Liability (FL) areas are experiencing changes in coverage, limits and premiums that are impacting the broader market. The ongoing growth in settlements for many claims, particularly in such areas as harassment, discrimination, corporate mismanagement and regulatory…
In a lawsuit filed on August 11, the Barefoot Resort Residential Owners Association claimed experts found 13 construction defects in its $1.5 million beach cabana project. The North Myrtle Beach community’s homeowners association subsequently terminated contracts with the architect and general contractor, citing defects in design and construction that included the use of materials unsuitable for a coastal environment. Five…
Presented by: Bill Gatewood, Corporate Senior Vice President, National Practice Group Leader, Personal Insurance, Burns & Wilcox, and David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox During this webinar, we explored: The type of consumer information that has been compromised and how it is used for identity theft and fraud The Dark Web and…
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