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Peloton Recalls 54,000 Bike Pedals after Breakage, Injury Reports
10.21.20
Peloton recently announced that it is recalling the pedals on 27,000 indoor stationary bikes after receiving reports of 16 injuries and 120 pedal breakages. A statement from the high-end spin bike maker said the recall applies to PR70P pedals placed on bikes sold between July 2013 and May 2016 and recommends discontinuing use of affected […]
Intel
Burns & Wilcox Adds Personal Lines Cyber Protection for Homes, Families, Individuals
10.21.20
3rd Party News
Cyber & Privacy Insurance Market Overview
10.16.20
The demand for Cyber & Privacy Insurance products has exploded in 2020 based on both natural market growth associated with ever-increasing threats to online systems and the COVID-19 impact that has accelerated the working from home trend, video communications and the need for other high-tech systems to support business and personal needs. Ransomware, social engineering […]
Intel
Carrier Q&A with Hank Watkins from Lloyd’s
10.16.20
Special Guest: Hank Watkins, Lloyd’s Regional Director & President, Americas Hosted by: Paul Smith, Vice President, Carrier Relations, H.W. Kaufman Group During this webinar, we discussed: An overview of Lloyd’s in the United States The future of the market Technology’s role in improving processes and agent experiences
Intel
Gas Line Explosion, Two-Crane Accident Underscore Construction Perils
10.14.20
An October 7 construction site accident in Montgomery, Ohio triggered a gas line explosion that sent flames and smoke into the sky for hours and forced the evacuation of nearby buildings. A John R. Jurgensen Company construction truck reportedly backed over the gas line and struck a utility pole, igniting the blast and shaking the […]
Intel
Ask the Expert Q&A: Cyber and Privacy Liability Insurance
10.12.20
In 2018 alone, Internet-enabled theft, fraud and exploitation caused $2.7 billion in financial losses in the U.S. and more than 900 complaints sent to the FBI’s Internet Crime Complaint Center each day, on average. To learn more about cybersecurity risks and how to defend against them, we spoke with David Derigiotis, Corporate Senior Vice President, […]
Intel
Professional Liability Insights: Senior Living Facilities
10.12.20
Presented by: Margaret Karnick, Senior Underwriter, Professional Liability, Burns & Wilcox, and Karl Olson Vice President, Professional and Management Liability Practice Leader, Burns & Wilcox Brokerage Hosted by: David Derigiotis, Corporate Senior Vice President, National Professional, Liability Practice Leader, Burns & Wilcox This webinar discusses: The hardening insurance market for Senior Living Facilities How an […]
Intel
17 Wineries Scorched, Hundreds Threatened by Raging Napa Valley Wildfire
10.07.20
The Glass Fire, one of 23 major wildfires burning across California, has destroyed or damaged at least 17 wineries in Napa Valley. More than 215 other wineries are under mandatory evacuation orders. As of October 5, the wildfire had also destroyed 550 homes and more than 66,800 acres. The small vineyard at Behrens Family Winery […]
Intel
Homeowners Insurance Market Overview
10.05.20
Over the last year, the Homeowners & Dwellings insurance market has experienced an increase in claims, specifically for historic and catastrophic events. Consider: The national Oceanic Atmospheric Administration’s Climate Prediction Center indicated in early August that the Atlantic hurricane season is on pace to become one of the worst in recorded history. As of September […]
Intel
Burns & Wilcox Expands Personal Insurance Capabilities, Launches Cyber Protection Product Line For Individuals Families and Homes
10.05.20
Farmington Hills, Mich. (Oct. 05, 2020) – Burns & Wilcox, North America’s leading and largest personal insurance wholesale broker and underwriting manager, today announced the launch of Cyberman365, a new exclusive product line that mitigates Personal Cyber risks for individuals, families and homes. A collaboration between Burns & Wilcox and Node International, Cyberman365 provides personal […]
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Student, Employee Records Made Public after District Denies Hacker Ransom
10.01.20
Last week, the personal data of employees and students in a Las Vegas public school district with about 320,000 students was made public after the district refused to pay a hacker’s ransom. The released documents contained Clark County Public School District personnel and student records, Social Security numbers, addresses, grades and other private information stolen […]
Intel