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Report: More Recreational Boating Accidents Occur in Florida Than Any Other State
As recreational boating season kicks into high gear around the country, new statistics are a reminder to play it safe, especially in states like Florida where more people are out on the water. Reports show that Florida leads the nation in boating accidents and the number fatalities is on the rise, followed by Texas, California, and Missouri, the Citrus County
AI in the Workplace: What Businesses Need to Know About Data Security
As artificial intelligence is increasingly integrated into the business landscape, experts are raising concerns over the risks it could introduce to data security — particularly with the rise of generative AI models such as ChatGPT. Forbes recently reported on how the platforms could affect the data privacy of businesses, and companies like Apple and Samsung have taken steps to prevent
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Global cyberattacks grew 38% between 2021 and 2022, and experts believe the risk will only continue to escalate. In the news, a steady stream of reports detail the myriad ways that sensitive data can be exposed — and show that the risk can come from outside an organization or within it. Earlier this month, Kris 6 News reported that a…
During this webinar, our experts provide an outlook into Q2 2023 highlighting Personal Insurance, Commercial Property and Commercial Casualty. We discussed the challenges, emerging markets, and tips for brokers and agents. https://vimeo.com/817407980/9b90680b35
While the number of dog bite claims has dipped, the cost of dog bite claims has been growing significantly, new data from the Insurance Information Institute shows. Last year, the number of claims decreased 2.2%, but claim costs grew 32% to a per-claim average of $64,555, Property Casualty 360 recently reported. These claims totaled $1.3 billion in 2022, representing a…
Health insurance company Humana recently filed a lawsuit against multiple firms involved in the construction of its 27-story corporate headquarters in Louisville, Kentucky, which was built between 1983 and 1985. According to WDRB News, the company first found \"latent defects\" with the building during a renovation project in 2019, and the removal of drywall and other construction components eventually revealed…
A recent survey by NEXT Insurance identified that U.S. small business owners tend to lack preparedness and knowledge when it comes to insurance coverage. Among the 500 small business owners surveyed, 96% failed to achieve a grade of 70% or higher on an insurance knowledge test, and only a third of respondents consulted with an insurance…
When a business or professional’s services unintentionally lead to a third party’s financial loss, Errors & Omissions (E&O) Insurance can provide important coverage to help limit the impact. To learn more about this type of insurance and why it is important for businesses and professionals, we spoke with Steele Hutto, Senior Broker, Professional Liability, Burns & Wilcox Brokerage. Who should…
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