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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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Two Kinder chocolate products sold in the U.S. are being recalled after salmonella typhimurium was detected at the Belgian facility where they were made. While no salmonella cases have been identified in the U.S., the facility is linked to a salmonella outbreak in Europe that has sickened at least 142 individuals, most of whom are young children. Ferrero’s voluntary recall,…
Digital assets in the cryptocurrency market have seen explosive growth in recent years, surpassing $3 trillion in November 2021. That total was up from just $14 billion at the end of 2016. It is also estimated that 40 million Americans, or 16 percent of the population invested in cryptocurrencies last year—with more than 100 countries looking into the option of…
A new flood-risk rating system went into effect April 1 for all National Flood Insurance Program (NFIP) policy renewals, moving the U.S. government-backed Flood Insurance program to a method of determining premiums that is expected to be more precise and equitable. According to FEMA, the Risk Rating 2.0 system uses industry best practices and the latest technology to provide rates…
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