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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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When a fish tanker truck carrying more than 102,000 live salmon overturned on a sharp corner in northeast Oregon recently, a majority of the smolts — about 77,000 — made it into the adjacent Lookingglass Creek, according to reports. The truck had been transporting the fish from a hatchery for release in the Imnaha River, but rolled onto its side…
The Detroit-based potato chip company Better Made is accusing several cannabis operators of trademark infringement, claiming in a recent lawsuit that marijuana products sold under the brand Better Smoke feature a logo that is too similar to the chipmaker’s and could confuse customers and harm the company’s reputation. According to an April 1 report from Crain\'s Detroit Business, Better Made…
Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…
Soaring premiums, fewer carriers and worsening weather trends are contributing to an insurance crisis for homeowners in many areas of the U.S. In New Orleans, Louisiana, the market for Homeowners Insurance is \"crumbling,\" CNN reported March 29, with one resident telling the news outlet that his premiums increased from $1,600 per year in 2022 to $4,930 after his previous carrier…
During this webinar, our own Kate Wright provided updates on the Personal Insurance Market in Q2 2024. Watch a highlight from the discussion below. https://vimeo.com/932662022/25b2d4e237?share=copy
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