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$25.6 Billion in Nuclear Verdicts Raises Stakes for Businesses
Inside This Article: “Nuclear” verdicts increased 40.7% in 2025, reaching their highest annual total since 2009, according to Marathon Strategies. The nearly 200 verdicts of at least $10 million in 2025 totaled approximately $25.6 billion. Claims that have previously stayed within primary insurance limits are increasingly reaching Excess Liability Insurance layers. Business owners are encouraged to closely review policy
$2.75M Dump Truck Settlement Puts Excess Liability Limits in Focus
Inside This Article: The city of Troy, New York, recently approved a $2.75 million settlement for a former physician who was struck by a city-operated dump truck. The city will reportedly pay $1 million of the settlement, and its insurer will cover the remaining $1.75 million, according to reports. Accident-related liability claims can be covered by Transportation Insurance policies
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Inside This Article: More than 1 in 10 U.S. homes were vacant in 2024, while 7.5% of Canadian dwellings were unoccupied in 2021, according to census data. Seasonal and recreational homes accounted for nearly one-third of vacant U.S. properties, while 2.6 million were available for rent and fewer than 800,000 were listed for sale. Property owners should inform their…
Inside This Article: A California landlord faces lawsuits from the city of Oakland and seven tenants after both elevators at a six-story apartment building were out of service for 52 consecutive days. The lawsuits also allege pest issues and other safety hazards that affected elderly and disabled residents. Lawsuit-related expenses could be covered by Commercial General Liability (CGL) Insurance, Excess Liability…
Inside This Article: An EF3 tornado with estimated 140-mile-per-hour winds reached Wisconsin communities before a tornado warning could be issued and caused extensive damage to buildings and utilities, news outlets reported. Severe storms accounted for eight of the 12 billion-dollar weather and climate disasters recorded in the U.S. during the first half of 2026, according to Climate Central. Today’s Homeowners Insurance policies increasingly…
Inside This Article: Claude AI models recently gained unauthorized access to three outside organizations’ systems during cybersecurity evaluations, according to Anthropic. Anthropic uncovered the incidents during a review of 141,006 evaluation runs and said two affected organizations had not detected the breach before being notified. Cyber & Privacy Liability Insurance and Technology Errors & Omissions (E&O) Insurance may respond to losses involving…
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…
Inside This Article: A cyclosporiasis outbreak reportedly involving Taylor Farms lettuce served at Taco Bell has prompted multiple lawsuits. The outbreak has surpassed 22,000 confirmed or suspected cases across 47 U.S. states. Products Liability Insurance can help protect businesses against covered claims alleging bodily injury caused by contaminated food. Companies that produce or sell food are also encouraged to purchase Product…
Other Recent Intel
Key Takeaways: The Cyber Insurance market remains highly competitive, with stable pricing and abundant capacity, though underwriting scrutiny is increasing for certain industries and higher-risk accounts. AI is making cyberattacks more scalable and difficult to detect while creating new liability and coverage considerations across multiple lines of business. Privacy litigation is increasing as AI makes it easier to identify…
AI can help organizations detect threats faster, but it is also helping cybercriminals operate at scale. In this clip from our recent Cyber Insurance webinar, Michael Spinks, Head of SME Cyber, US at CFC, explores both sides of AI\'s growing impact on the cyber insurance market. https://vimeo.com/1225974037/ae22a48498?fl=ip&fe=ec&share=copy
AI is creating new opportunities for businesses, but it is also raising important coverage questions. In this excerpt from our Cyber Insurance webinar, Erica Rangel, Associate Managing Director, Broker, Professional Liability, Burns & Wilcox, Chicago, IL, explains how insurers are addressing AI-related risks and what brokers and insureds should look for when reviewing coverage. https://vimeo.com/1225986506/84692fd970?fl=ip&fe=ec&share=copy
Businesses have access to more cybersecurity tools than ever before. So, what separates those that are better prepared for cyber incidents? In this clip from our recent Cyber Insurance webinar, Joey Franiak, Broker, Professional Liability, Burns & Wilcox, San Diego, CA shares his perspective. https://vimeo.com/1225985599/a3bcd8affa?fl=ip&fe=ec&share=copy
AI is making cyberattacks more convincing, more scalable, and potentially more costly. At the same time, insurers are evaluating how coverage should respond. In our recent webinar, Cyber Insurance experts discussed: Market trends, including rates, capacity, and carrier expectations How AI is reshaping cyber, professional liability, and coverage exposures Risk management and coverage strategies to help clients navigate emerging cyber and…
Short-term and vacation rentals can create unique coverage considerations. In this clip from our recent Hospitality Insurance webinar, Nick Caletri, Senior Underwriter, Commercial Insurance, Burns & Wilcox, New Orleans, LA, explains how factors such as occupancy, ownership structure, and carrier guidelines can influence whether a risk is placed in the personal or commercial market. https://vimeo.com/1219665578/26c42ac678?share=copy&fl=sv&fe=ci
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