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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 record number of products were recalled in the U.S. in 2022, according to new data from Sedgwick. Of the nearly 1.5 billion units recalled last year across all industries, the food and pharmaceutical sectors were most significantly affected, with both seeing recalls reach 10-year highs. The number of food units recalled in 2022 increased by…
Unlike practically every other line of business within the insurance industry, Workers’ Compensation remains in a historically soft market that is now entering its eighth year. This soft market is expected to continue for another two to three years unless a severe recession adversely affects capacity. One of the main reasons that Workers’ Compensation remains soft is that it remains…
Relatives of the victim of a tragic DWI accident in North Texas are seeking more than $1 million from a restaurant and its employees, claiming that the staff was not properly trained and the establishment lacked proper policies to serve alcohol. Especially with St. Patrick’s Day celebrations around the corner ‑ and many bars, restaurants, and…
A number of homeowners around Fort Myers Beach, Florida, are expressing frustration over the status of their insurance claims related to damage from Hurricane Ian. According to a recent New York Post report, more than 25% of closed insurance claims in Lee County have been denied, over 30,000 claims are still pending, and some of the 135,000-plus claims that were…
A growing number of individuals are at risk for flood damage to their homes, but many remain uninsured. To learn more about Flood Insurance, we spoke with Jacob Martin, Manager, Flood, Burns & Wilcox, Charlotte, North Carolina. How serious is the risk of flood for homeowners today? J.M.: What we are seeing with climate change is more severe storms. As…
During this webinar, our experts joined for a discussion on the current state of the Workers\' Compensation market, including insights and tips on how to navigate the continued soft market. https://vimeo.com/804081972/5e4cfda673
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