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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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A catastrophic claim could put any business at risk — and in today’s environment of social inflation driven by nuclear court verdicts, it is an existential threat to every business that cannot be overlooked. To learn more about Excess Casualty Insurance, Crain’s Content Studio spoke with David Eudy, Associate Vice President, Director, Excess Casualty, Burns & Wilcox, Detroit/Farmington Hills, Michigan.…
Two daughters of the late Paul Newman have filed a lawsuit against their father’s nonprofit organization, claiming that the Newman’s Own Foundation has “lost its way” since their father’s death and is not preserving and honoring his legacy, CNN Business recently reported. Filed in Connecticut by sisters Susan and Nell Newman, the suit alleges breach of fiduciary duty by the…
Owning a home or purchasing a commercial building is no longer as affordable as it once was, which is one of the overriding trends impacting the real estate insurance market. While it has been tight the first half of 2022, rising interest rates may slow the overheated real estate sector a bit, further stabilizing it at a macro level. It…
A new report based on a survey of health care providers found that an alarming number of physicians have used alcohol or controlled substances while on the job. The survey, conducted by All Points North, revealed that 1 in 7 physicians admitted to consuming alcohol or using other controlled substances at work during the last three months, with more than…
A mint-condition Mickey Mantle baseball card from 1952 sold at auction Aug. 28 for $12.6 million, making it the most valuable sports collectible in the world, CNN recently reported. According to a news release from Heritage Auctions, the exceptionally well-preserved card was last purchased in 1991 for $50,000, a price that broke records at the time. The new eight-figure sale…
As students head back into classrooms for the start of a new academic year, an ongoing teacher shortage in both the U.S. and Canada means many schools are operating with a high number of job vacancies — and, in some cases, turning to unusual hiring tactics to help fill the gaps. A new program in Florida will allow military veterans…
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