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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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In 2021, the rollout of COVID-19 vaccines marked a turning point in the pandemic for many North American organizations and individuals. As industries from construction to hospitality resumed operations, the economic rebound also brought its own challenges as businesses navigated a new normal defined by continued COVID-19 surges, supply chain concerns and worker shortages— on top of existing risks like…
The supply chain crisis is overwhelming companies on a global scale, causing industry giants like Amazon to turn to high-risk delivery methods like chartered ships and long-haul planes. And while that gives companies more control over the path of their own deliveries, it also opens them up to new forms of liability in the already volatile transportation industry. A recent…
Supply chain shortages linked to seaport backlogs, a lack of truck drivers and other constraints could mean toy stores are unable to keep up with holiday shopping demands this year, setting up business owners and consumers for a season that some say will be “unlike any other.” Although President Joe Biden told retailers Nov. 29 that the White House would…
Rising premiums, decreased capacity, an enhanced focus on details and fallout from labor shortages are the main trends facing clients requiring Restaurant & Bar Insurance more than halfway through 2021. A hard market that first began in 2018 accelerated during the first several months of the pandemic, with tens of thousands of restaurants and bars around North America closing either…
Holiday festivities are expected to be back in full swing for many families this year, with about 80% of American consumers and 66% of Canadian consumers planning to spend the 2021 holiday season normally, according to a recent Numerator survey. Over 46% of American adults plan to eat Thanksgiving dinner at a friend or relative’s house, a new survey by…
In this webinar, we discuss Parametric Insurance in today\'s market. A form of risk transfer, it’s different from traditional property coverage, in that it issues a set payment upon the occurrence of a triggering event, such as a hurricane or wildfire. Daniel Vetter, Head of North America, Descartes Insurance Solutions, and Colin Harper, Senior Business Development Manager, North America, Descartes…
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