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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
Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe
Authorities are continuing to investigate a massive warehouse fire March 4 in Clinton Township, Michigan, that caused “hundreds, if not thousands\" of explosions and sent debris flying more than a mile from the site. Metal debris that projected from the burning warehouse — which reportedly stored combustible materials associated with vaping — lead to one tragic death of a bystander
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During the P&C Market Outlook: Eye on 2024 Webinar on January 4, 2024, our own Rebecca Roberts joined us to provide an update on the Commercial Insurance market. Watch a highlight from the discussion below. https://vimeo.com/901179484/c456917325?share=copy
The Property & Casualty (P&C) market is in a hard market. Typically, the Environmental Insurance sector operates in the reverse of P&C markets—and that is what we are seeing now. Environmental Insurance is in a soft market. Key Takeaways: Environmental Insurance market remains soft, terms expected to tighten. Rates expected to increase by 3-5 percent in 2024. Burns & Wilcox…
During this webinar, our experts Blaise D’Antoni, Bill Gatewood, and Rebecca Roberts met to discuss the factors that will shape the 2024 Property and Casualty market. Paul Smith hosted. Key Takeaways: There is an overall broader sense of optimism in the 2024 commercial property market. It has improved but still has to overcome the significant CAT losses from previous years…
Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…
Severe weather continued to break records in 2023, escalating property risks for many homeowners in the U.S. as they grapple with rising costs and a shifting insurance market. A string of disastrous tornadoes in Middle Tennessee earlier this month contributed to what appeared to be the state’s deadliest December and eighth deadliest year for tornadoes, according to reports — only…
Family members\' names, birth years, relationship labels, shared DNA information and more were recently exposed in a data breach against genetic testing company 23andMe in an attack that impacted 6.9 million individuals. While the biotech firm explained in an announcement that less than 0.1% of user accounts were accessed in the October breach, this gave hackers access to about 5.5…
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