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Crane Collapses at YMCA Construction Site, Narrowly Missing Driver
Inside This Article: A recent crane collapse at a Fort Lauderdale YMCA construction site sent equipment partially into the road just feet from a passing driver. Improperly secured loads, inadequate crane stabilization, loads near or above capacity, and wind are among the most common conditions that contribute to crane incidents. Damage to the project or surrounding property can lead to costly
$253,000 and Rising: Senior Care Claim Costs Climb
Inside This Article: Demand for senior care is rising as the number of older adults grows. Recent data shows that senior care claims are becoming more costly and taking longer to resolve. Professional Liability Insurance and Commercial General Liability (CGL) Insurance can respond to claims involving resident injuries and other incidents. Proactive risk management and working with a specialized insurance broker can help
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Inside This Article: A Florida gas station is facing a lawsuit after a customer allegedly tripped in a pothole near a gas pump. The suit claims the property owners failed to warn customers of the pothole, which reportedly blended in with the surrounding pavement and created a concealed hazard. Commercial General Liability (CGL) Insurance can respond to third-party bodily injury claims related to slip-and-fall accidents. …
Inside This Article: A recent Stanford and Harvard study found that medical AI systems generated severe clinical errors in a significant percentage of patient cases. Many healthcare professionals are using AI tools on the job, with one recent survey finding that almost half of nurses use generative AI at work. These reports point to an evolving risk landscape for…
Inside This Article: Federal regulators are claiming that former Lottery.com Inc. executives misled investors by falsely inflating revenues, according to reports. The Securities and Exchange Commission lawsuit follows guilty pleas by two former executives reportedly involved in a fraudulent $30 million financing deal, Bloomberg Law reported. Directors & Officers (D&O) Insurance can respond to these types of allegations, though coverage may depend on…
Inside This Article: Cyberattacks that target logistics companies are expected to double in 2026 after rising nearly 1000% since 2021, according to research by Everstream Analytics. Hackers are increasingly targeting shared transportation networks rather than individual trucking companies, the new data indicates. When a logistics firm faces a cyber incident, Cyber & Privacy Liability Insurance policies can provide immediate data breach response services. Coverage can also extend to…
Inside This Article: Many homeowners affected by the Los Angeles wildfires last year have been unable to rebuild after realizing their insurance limits are not sufficient for current rebuilding costs. Rising construction expenses and high demand following disasters are increasing the risk of underinsurance nationwide. Inspections, valuation updates, and reviews of limits, endorsements, and home upgrades can help prevent…
Inside This Article: A recent analysis found that water and freezing damage claims comprised about 20% of small business insurance claims in 2025, compared to 15% in 2015. Fire continues to be the costliest type of loss, with average claim severity rising to approximately $80,000 in 2025, more than double 2015 levels, Risk & Insurance reported. Rising repair expenses, labor shortages,…
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