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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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Inside This Article: Weather-related losses continue to drive summer Homeowners Insurance claims as severe storms become more frequent and costly. Many homeowners remain vulnerable to flood losses because standard Homeowners Insurance policies typically exclude flooding. Liability exposures from pools, trampolines, and other summer activities can create significant financial risks for homeowners. Regular policy reviews can help homeowners identify coverage gaps and ensure protection keeps pace…
A Hot Work exclusion does not just affect coverage—it can signal important risk management requirements. In the clip below, Brittani Marrott, Manager, Commercial Insurance, Burns & Wilcox, Salt Lake City, Utah, explains how these exclusions encourage contractors to implement risk controls that can help prevent costly fire losses. https://vimeo.com/1202182375/0f725104f6?share=copy&fl=sv&fe=ci
A subsidence claim does not always require contractor negligence to become a coverage issue. In this clip from our recent Construction Insurance webinar, Alex Fifelski, Broker, Burns & Wilcox, Brokerage Division, Atlanta, Georgia, explains how subsidence exclusions can leave contractors exposed when earth movement contributes to a loss. https://vimeo.com/1202183081/3ca2a457b1?share=copy&fl=sv&fe=ci
One of the most dangerous construction coverage gaps can be hidden in the fine print. In this clip, David Gross, Vice President, Managing Director, Broker, Casualty, Burns & Wilcox, Brokerage Division, North Dallas, TX, highlights the risks behind Action Over claims and why a closer review of endorsements can help uncover issues before they turn into serious problems. https://vimeo.com/1202181526/43de2cc8ef?share=copy&fl=sv&fe=ci
Why It Matters: Many homeowners know their home\'s market value but may not understand what it would cost to rebuild it. Knowing replacement cost estimates can help determine the amount of insurance needed to repair or rebuild a home after a covered loss.  Rising construction costs, evolving building codes, and home improvements can all increase rebuilding expenses. Additionally, increased demand following a catastrophic event—such as a hurricane, flood, or wildfire—may drive costs even higher. These factors can create potential…
Scenario 1:Â A coastal community is hit by a hurricane, leaving many homes and businesses with extensive wind damage and flooding. RELATED STATS: Hurricane impacts can range from minor wind damage on a roof to a total loss, especially in cases of catastrophic flooding. U.S. homeowners collectively spend approximately $20 billion per year repairing their homes after storms. SOLUTION: Homeowners…
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