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Hospital to Pay $65 Million After Sensitive Patient Data, Photos Leaked Online
A hospital in Pennsylvania recently agreed to pay $65 million to settle a class-action lawsuit over a 2023 cyberattack that exposed the personal data of approximately 135,000 individuals, including sensitive photos of more than 600 patients. Patients and employees affected will receive between $50 to $70,000 each; patients whose photos were leaked online will receive the larger amounts, Insurance Journal
Know Your Policy: Homeowner Frustrated After Roof Replacement Not Fully Covered
A homeowner in Nebraska whose roof was damaged during a July windstorm said he is grateful no one was hurt but is surprised by the more than $7,000 he had to pay for the repairs. According to KETV Omaha, the man did not realize his Homeowners Insurance would not fully cover roof damage due to wind or hail, leaving him
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The husband of a woman who had a severe allergic reaction last year after eating at a Disney Springs restaurant is suing the company for more than $50,000 in a wrongful death lawsuit that claims the server \"guaranteed\" the woman\'s food was allergen-free. The woman, a doctor from New York who had a severe allergy to nuts and dairy products,…
A jersey worn by Babe Ruth recently sold for more than $24 million and broke the record for the most expensive piece of sports memorabilia ever sold at auction, according to reports. The baseball legend wore the jersey on Oct. 1, 1923, when he made his famous \"called shot,\" pointing to a flagpole at center right field before hitting a…
A boat fire spread through a marina on the Mohawk River in Alplaus, New York, after a docked pontoon boat ignited, Authorities are still investigating the cause of the Aug. 13 blaze, which destroyed several boats at the Mohawk Valley marina and damaged other vessels, News10 reported. “It is certainly an unfortunate situation,” said Michael Dearness Associate Manager, Ocean Marine,…
As medical spas continue to grow in the U.S. and Canada, one type of service appears to be in high demand: weight loss treatments. With well-known drugs like Ozempic and Wegovy in short supply in many areas, some medspas have been filling the gap by offering semaglutide injections to their customers. Recent reports highlight medspas in Iowa, Missouri and other…
Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…
Whatcom County road in Lynden, Washington, was stained bright red the evening of July 10 when about 100 trays of raspberries from Enfield Farms spilled from a truck. An entire lane was blocked for nearly two hours while locals jumped in to help with the cleanup. Not only did state troopers cite the truck driver for…
Other Recent Intel
Modeling plays a significant role in the E&S Property market. In our latest webinar, Jonathan Mortimer, E&S Distribution Leader, Millennial Specialty Insurance, discusses modifiers that factor into assessing CAT Insurance risks. https://vimeo.com/1006982209/971816ec54?ts=0&share=copy
What does the future hold for the E&S Property Market? Chris Siegel, Associate Vice President, Managing Director, South Florida, Burns & Wilcox, Orlando, Florida, weighs in on anticipated CAT Insurance pricing and capacity changes. https://vimeo.com/1006987858/2678790cae?ts=0&share=copy
The 2024 wildfire season has already seen extreme activity. Nick Lauria, Chief Fire Operations Officer, Vice President of Operations, Wildfire Defense Systems, shares what is expected for the rest of the year. https://vimeo.com/1007062516/c3b1f66635?ts=0&share=copy
Wildfire season in the U.S. and Canada has had an alarming start this year, with recent wildfires already burning over 1 million acres in Oregon, destroying up to half of the structures in the Canadian town of Jasper, and currently threatening a growing swath of Northern California as firefighters battle the Park Fire, which is the state\'s largest wildfire of…
The global Microsoft outage that grounded flights, canceled nonessential surgeries and halted operations for countless businesses could exceed $1 billion in insured losses, according to reports. The technology outage, which began July 19 after a faulty software update by CrowdStrike shut down 8.5 million Windows computers around the world, left many large and small companies unable to function — and…
The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…
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