Intel Intel Search

Intel

Powered by    

Please type in your search term to see articles.

$4.5M Ice Cream Sandwich Recall Prompts Lawsuit Against Insurance Broker

$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

$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,…

P&C Report: 2025 Q2 Outlook

P&C Report: 2025 Q2 Outlook

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.…

$26M Lawsuit Highlights the Steep Risk of Design Delays for Architects

$26M Lawsuit Highlights the Steep Risk of Design Delays for Architects

Inside This Article Architecture firm Cooper Carry is being sued by the owner of a Hilton hotel project for delays that reportedly led to $26 million in additional costs. When facing litigation, architects may incur significant defense costs and rectification expenses, in addition to reputational damage. Lawsuits against design professionals can be covered by Architects & Engineers Professional Liability…

P&C Report: 2025 Forecast

P&C Report: 2025 Forecast

OVERVIEW California Wildfires While this report highlights the growth in E&S policies and other trends in the Property & Casualty (P&C) sector as we enter 2025, we must first address the devastating wildfires in southern California, which have significantly impacted the industry and local communities. Current estimates suggest these wildfires have caused $25…

P&C Report: 2024 Q4 Outlook

P&C Report: 2024 Q4 Outlook

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation…

Hospital to Pay $65 Million After Sensitive Patient Data, Photos Leaked Online

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…

Microsoft Outage Hits Small Businesses Hard; Losses Could Exceed $1 Billion

Microsoft Outage Hits Small Businesses Hard; Losses Could Exceed $1 Billion

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…

P&C Report: 2024 Q3 Outlook

P&C Report: 2024 Q3 Outlook

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…

Grumpy Cat vs. Copycats: Trademark Claims Underscore Importance of Insurance

Grumpy Cat vs. Copycats: Trademark Claims Underscore Importance of Insurance

More than five years after the death of Grumpy Cat, the internet-famous cat known for its disgruntled-looking expression, the company that owns its image and likeness continues to confront alleged trademark violations from other entities using the pet’s face for profit. According to a recent report from Courthouse News Service, Grumpy Cat Limited has filed more than 50 trademark lawsuits…

Biometric Data Use Expands: How to Protect Consumer Privacy, Prevent Lawsuits

Biometric Data Use Expands: How to Protect Consumer Privacy, Prevent Lawsuits

More companies in the U.S. and Canada are incorporating the use of biometric data into their operations, raising unease for some consumers, and prompting a number of class-action lawsuits over information that may be collected improperly. Airports are among the latest industries to join the trend, with CBC News recently reporting on airlines like Air Canada and various airports implementing…

Business Travelers Not Taking Cybersecurity Precautions, Survey Finds

Business Travelers Not Taking Cybersecurity Precautions, Survey Finds

Business travelers using unsecured networks and personal devices while away from the office could be putting their companies at greater risk for cybercrime, new data suggests. According to a World Travel Protection survey, just 36% of American companies require two-factor authentication on employees’ devices, 32% use antivirus software, and 30% have their employees use a virtual private network, or VPN,…

Powered by    

×

As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.