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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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State officials in Arizona are sounding the alarm over the number of children who have accidentally ingested marijuana products in the past year. According to new state data, 394 cannabis incidents involving children were reported in 2022, about 60% of which required a hospital visit, KOLD News 13 reported. The problem has prompted the Arizona Dispensaries Association and the Arizona…
A mother of two who was severely injured after a tragic boating accident on Lake Michigan has filed a lawsuit against the boat rental company, its owner and the boat\'s captain. According to a recent report in the Chicago Sun-Times, Lana Batochir was floating on a raft with her friends at Chicago\'s popular \"Playpen\" boating area on Aug. 13, 2022,…
Multiple fans were injured and carried out on stretchers after slipping and falling at SoFi Stadium in Los Angeles, California, during an NCAA championship football game on Jan. 2, according to reports. Heavy rainfall reportedly caused extremely slippery floors at the stadium, which has a hovering roof that is open on three sides, allowing sideways-blowing rain to enter. In a…
A fire broke out in the butter storage room of a dairy plant in Portage, Wisconsin, on Jan. 2, spreading melted butter throughout the facility and into a nearby historic canal. Crews responding to the buttery incident at the Associated Milk Producers plant deployed the same materials used in oil spills to clean up the mess, USA Today reported on…
2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…
Transportation companies face a multitude of risks, from driver shortages to high-severity claims. To learn more about how Transportation Insurance can help companies address these risks, Crain’s Content Studio spoke with William Mills, Director, Transportation, Burns & Wilcox, Salt Lake City, Utah. What are some of the greatest risks the transportation industry faces today? W.M.: Some of the greatest risks…
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