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140-MPH Tornado Strikes Before Warning, Exposing Costly Coverage Gaps
Inside This Article: An EF3 tornado with estimated 140-mile-per-hour winds reached Wisconsin communities before a tornado warning could be issued and caused extensive damage to buildings and utilities, news outlets reported. Severe storms accounted for eight of the 12 billion-dollar weather and climate disasters recorded in the U.S. during the first half of 2026, according to Climate Central. Today’s Homeowners Insurance policies increasingly
Claude AI Models Breach 3 Organizations During Testing
Inside This Article: Claude AI models recently gained unauthorized access to three outside organizations’ systems during cybersecurity evaluations, according to Anthropic. Anthropic uncovered the incidents during a review of 141,006 evaluation runs and said two affected organizations had not detected the breach before being notified. Cyber & Privacy Liability Insurance and Technology Errors & Omissions (E&O) Insurance may respond to losses involving
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A smash-and-grab burglary at a cannabis dispensary in San Francisco, California, in late September left the business with significant property damage and missing merchandise. According to CBS News Bay Area, the burglars pulled open the dispensary’s metal security gates using a chain attached to the back of their SUV and then rammed the vehicle through the store\'s rollup metal door…
As communities across the Southeast recover from the devastating impacts of Hurricane Helene, they now face another storm: Hurricane Milton. “The circumstances are tragic,” said Rick Sforzo, Senior Director, Claims Services, Burns & Wilcox, Atlanta, Georgia. “Our thoughts and prayers are going out to everyone there affected by these storms, and certainly those that have been affected by the multiple…
As cyberattacks continue to cause significant financial losses for businesses of all sizes, Cyber & Privacy Liability Insurance is increasingly vital. To learn more, we spoke with Kenneth Labelle, Senior Broker, Professional Liability, Burns & Wilcox Brokerage, Chicago, Illinois. What are some of the greatest cybersecurity risks faced by companies today? K.L.: Extortion events have been the most devastating events…
A hospital in Pennsylvania recently agreed to pay $65 million to settle a class-action lawsuit over a 2023 cyberattack that exposed the personal data of approximately 135,000 individuals, including sensitive photos of more than 600 patients. Patients and employees affected will receive between $50 to $70,000 each; patients whose photos were leaked online will receive the larger amounts, Insurance Journal…
The transportation industry faces a variety of challenges today, including the difficulty of staying profitable as average trucker expenses exceed $2 per mile. To learn more about how Transportation Insurance can help protect companies, we spoke with William Mills, Director, Transportation, Burns & Wilcox, Salt Lake City, Utah. What are some of the greatest risks in transportation today? W.M.: Accidents…
A homeowner in Nebraska whose roof was damaged during a July windstorm said he is grateful no one was hurt but is surprised by the more than $7,000 he had to pay for the repairs. According to KETV Omaha, the man did not realize his Homeowners Insurance would not fully cover roof damage due to wind or hail, leaving him…
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