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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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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 of fatalities is on the rise, followed by Texas, California, and Missouri, the Citrus…
In an increasingly litigious society, architects and engineers are among the professionals who face a consistent risk of being sued over alleged errors and other claims. To learn more about the importance of Architects & Engineers Insurance, Crain’s Content Studio spoke with Matt Baxter, Vice President, Broker, Professional Liability, Burns & Wilcox Brokerage. What are the greatest risks facing architects…
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…
Even before Hurricane Ian punctuated another active storm season in late 2022, Flood Insurance was amid a hard market. The hard market has been a result of several factors, including post-pandemic inflationary pressures, causing carriers to reduce their catastrophic exposure or exit the market altogether. One of the areas most affected by inflation has been reconstruction valuation costs, causing London…
Peloton is recalling nearly 2.2 million exercise bikes after receiving 35 reports of seat posts unexpectedly breaking during use, the company announced on May 11. The voluntary recall can be remedied with a free updated seat post that users can self-install. Customers are asked to immediately stop using their affected bikes until the update is completed. [lgc_column grid=\"50\" tablet_grid=\"50\" mobile_grid=\"100\"…
As cranes and scaffolding dominate skylines in major cities across the U.S., it is clear that the construction industry is bustling in many areas. To learn how Construction Insurance helps protect construction companies, Crain’s Content Studio spoke with Nicholas Freeman, Associate Managing Director, Broker, Casualty, Burns & Wilcox Brokerage, North Dallas, Texas. What are the greatest risks in the construction…
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