From items as big as a home to as small as a pair of earrings, personal insurance makes sure that whatever your client invests in, it will always be protected.
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A major insurance carrier is attempting to rescind a cyber policy based on the client’s alleged misrepresentation of its digital security protocols. According to reports, Travelers recently sought a ruling in the U.S. District Court for the Central District of Illinois to rescind its Cyber and Privacy Liability Insurance policy with Illinois-based International Control Services because the company was not…
The U.S. cannabis market is rapidly expanding with more states legalizing recreational use and an array of new products being produced every year. Rhode Island became the 19th state to legalize safely regulating recreational adult-use cannabis in May 2022. Several states such as Alabama, Arkansas, Florida and Pennsylvania have legalized cannabis for medical use only. Cannabis has been legal in…
In this webinar, experts discuss the commercial and residential real estate market and professional liability risks and coverages. Featuring: Casimer Daniewski, Vice President, Real Estate, H.W. Kaufman Group Connor Cahill, Broker, Professional Liability, Burns & Wilcox. Hosted by David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox https://vimeo.com/738731729/a398bfd269
A chemical spill from a manufacturing plant in Wixom, Michigan, recently forced the closure of one of southeast Michigan’s busiest state-run parks and put thousands of residents on alert. State officials were notified on Aug. 1 that auto supplier Tribar Manufacturing leaked “several thousand gallons” of a liquid containing 5% hexavalent chromium, a carcinogen, into the Huron River. The release,…
At least 37 individuals were tragically killed and hundreds more remained missing as of Aug. 1 after heavy rains brought devastating floods to multiple communities in eastern Kentucky. At a news conference July 30, officials said the death toll spanned five counties and included at least four children, representing \"unfathomable\" losses in what could reportedly be one of the worst…
Macroeconomic trends, namely inflation and rising interest rates, are having a profound effect on the Property & Casualty (P&C) market as we head into the second half of 2022. Inflation impacts everything—from rapidly changing property values to challenges with mid-year reinsurance renewals. These are truly generational inflationary pressures that most professionals within the industry have never personally experienced. Even with…
Wrongful termination allegations and shareholder lawsuits are among the numerous management liability risks companies may encounter. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Marvin Cigarroa, Broker, Professional Liability, Burns & Wilcox, San Diego, California. What are some of the greatest management liability risks companies face today? M.C.: The management liability risks…
An 80-year-old Florida woman tragically died July 15 after falling into a pond and being “grabbed” by two alligators, according to reports. The incident occurred at the Boca Royale Golf and Country Club in Englewood, Florida, where the woman reportedly fell into a pond located along the course and struggled to stay afloat before the alligators attacked. [lgc_column grid=\"50\" tablet_grid=\"50\"…
