Intel
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$4.5M Ice Cream Sandwich Recall Prompts Lawsuit Against Insurance Broker
Inside This Article: Crave Better Foods, parent company of the Chipwich ice cream sandwich brand, is suing its insurance broker for failing to secure Product Recall Insurance, which the company claims could have offset $4.5 million in losses tied to a 2024 listeria-related recall. The lawsuit alleges professional negligence and misrepresentation, claiming the insurance broker did not reassess insurance
$10M Suit Filed by Moderna Over Mold, Water Damage at Manufacturing Facility
Inside This Article: Moderna is suing a construction firm for $10 million because of alleged defective work resulting in extensive water leaks, mold and structural damage. The lawsuit claims construction firm The Gutierrez Co. failed in the “design and construction” of the building’s core and shell, causing multiple issues. Non-weather-related water damage is a common issue for commercial properties,
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Inside this article: Wildfire season is year-round for many western U.S. states and Canadian provinces, and 2025 is predicted to be a higher-than-average wildfire season. The devastating southern California wildfires in January caused more than $30 billion in insured losses and forced some carriers to exit the market. The California homeowners’ insurance market has recorded a $10 billion underwriting…
Inside This Article: A fire erupted in the kitchen of a Cheesecake Factory in Seattle, Washington, on April 19, quickly spreading to the building’s ventilation system. More than 100 firefighters responded to the fire, which investigators said was caused by a fryer. Structure fires are a serious risk for restaurants, causing an average of $165 million in damages per…
Inside This Article: A mysterious object crashed through the roof of an auto shop in New Jersey on April 9, causing substantial damage. The incident was captured on surveillance cameras and described by witnesses as a “giant fireball” followed by a loud boom, fueling concerns about the dangers of falling objects after previous drone sightings around the state. A…
Inside This Article: An 82-year-old woman in Georgia was awarded over $4.2 million in relation to a 2020 incident in which she was attacked by her neighbor’s dog. Settlements for dog bites and other Personal Liability claims are on the rise as medical and legal costs continue to climb. The cost of dog bite-related injury claims increased 18.3% in…
Inside This Article: Two “spyder” cranes came crashing down onto a scaffolding outside a 12-story building that was under construction. No injuries were reported related to the incident, which occurred just a day after a partial stop-work order at the site was rescinded. This type of incident could lead to reputational damage as well as costly lawsuits, which can…
Key Takeaways: Rates are beginning to stabilize or even decline in some non-CAT areas. Market capacity remains healthy, particularly in non-admitted spaces, although often through layered placements, which are becoming more common. Carriers are increasing reliance on exclusions and higher deductibles to manage risk. Wildfire and convective storm risks are driving significant change in both Personal and Commercial Insurance.…
Other Recent Intel
As AI tools become more common in clinical settings, underwriting expectations are evolving. In this short clip from our Healthcare Liability webinar, special guest Deb Goldberg, Head of Allied Healthcare, AXIS Capital, highlights what brokers and agents should look for when clients use AI for clinical decision-making or documentation. https://vimeo.com/1090532165/f42faf8ca9?share=copy
From classrooms to clinics, AI is transforming healthcare. In this short clip from our recent Healthcare Liability webinar, Caileb Newby, Broker, Professional Liability, Burns & Wilcox Brokerage, San Francisco, CA, shares how the technology is enhancing both medical training and clinical decision-making. https://vimeo.com/1087198820/5b13535910?share=copy
The medspa industry is booming—but so are the risks. In this clip from our Healthcare Liability webinar, Chris Valenzuela, Broker, Professional Liability, Burns & Wilcox, Los Angeles, CA, breaks down emerging concerns around injectables, patient expectations, and why informed consent is more critical than ever. https://vimeo.com/1086525183/306f9b93a2?share=copy
From evolving treatments to increased litigation and data privacy concerns, the risks facing healthcare professionals are more complex than ever. Watch the below webinar as our guest experts discuss key trends, challenges, and opportunities in the Healthcare Liability Insurance market. Featured Experts: Caileb Newby, Broker, Professional Liability, Burns & Wilcox Brokerage, San Francisco, CA Chris Valenzuela, Broker, Professional Liability, Burns…
A heartbreaking accident in Twin Falls, Idaho, left a father paralyzed after attempting tricks on a backyard trampoline during a friend’s barbecue, KMVT reported. The devastating incident is a reminder of how quickly everyday moments can turn tragic—and the liability risks homeowners may face when someone is seriously injured on their property. “The incident is a…
Key Takeaways Insured losses from severe weather in Canada reached a record $8.5 billion in 2024. As catastrophic (CAT) losses continue to rise, a hardening Homeowners Insurance market is becoming increasingly likely in high-risk areas with stricter underwriting, higher deductibles and rates, and more exclusions. More homeowners are seeking specialty insurance, especially for high-risk properties, those with prior claims,…
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