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Fishing Tournament Accident Prompts Lawsuits, Personal Liability Concerns
Inside This Article: A boat crash on Lewis Smith Lake in April during a Major League Fishing tournament resulted in three deaths and injuries to two others. The family of one of the victims recently filed a lawsuit against Major League Fishing, its president, an angler, and a boat guide, claiming negligence and wrongful death. Personal Umbrella Insurance can
Adidas Data Breach Linked to Vendor; Personal Info Exposed
Inside This Article: Adidas confirmed a cyber incident earlier this year that involved the release of personal consumer data. The breach reportedly occurred after hackers gained access through an external vendor that performed customer service operations. Experts say cyber criminals are exploiting the security gaps of smaller third-party vendors, posing growing risks for the companies that rely on them.
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Inside This Article: A recent gun incident at Alexan 5151 Apartments in Houston prompted concerns from residents about gaps in security and tenant communication. Apartment complex owners can be held liable for third-party bodily injuries and property damage stemming from on-premises incidents. Habitational Insurance policies may exclude incidents involving firearms and other weapons. A specialized insurance broker can help…
Inside This Article: Hazmat crews responded to a chemical spill in a Virginia Commonwealth University laboratory. The June 24 incident led to an evacuation of Oliver Hall. Accidental chemical releases are a serious safety concern at universities and other institutions, potentially causing injuries to the public. Pollution Legal Liability (PLL) Insurance can help cover cleanup costs, regulatory fines, and…
Inside This Article: Nuclear verdicts, or those exceeding $10 million, reached a 15-year high in 2023, a recent study indicates. Thermonuclear verdicts, or jury awards of $100 million or more, are also on the rise, especially in the Transportation sector. Litigation costs continue to rise, exposing businesses to losses that can exceed standard insurance policy limits. Many companies need…
Inside This Article: A homeowner in Oklahoma City incurred $22,000 in damages after a water main break flooded her basement. The owner had no coverage for the damage under her Homeowners Insurance policy and could not get assistance from the city. Many standard Homeowners Insurance policies exclude water damage from sources outside of the home, such as water main…
Inside This Article: A San Jose doctor claims she suffered chemical burns from a spicy appetizer at a California Thai restaurant. In a lawsuit against the restaurant, the customer is seeking damages for “permanent injuries” and lost wages. A restaurant’s Commercial General Liability (CGL) Insurance could help pay for medical and legal expenses related to customer burns and other…
Inside This Article: A Southern California store and warehouse were recently targeted by thieves in separate incidents that involved $37,000 worth of Labubu dolls. Businesses that hold high-value or collectible inventory may be at higher risk for theft. The incidents highlight the importance of theft coverage under Commercial Property Insurance — a protection that is not included in all policies. …
Other Recent Intel
With shifting carrier appetites, emerging risks, and the expanding role of the Excess & Surplus (E&S) sector, brokers and agents must remain agile and informed. This session will provide timely insights to help you navigate the fourth quarter and prepare for 2026. Topics include: The latest trends and challenges across each line of business How admitted carriers are reentering previously…
Key Takeaways Cyber risk is expanding across all sectors, with healthcare, manufacturing, retail education, and public utilities at heighten risk. The average cost of a data breach in Canada reached $4.8 million in 2025, a 4 percent increase from 2024, according to IBM. Baseline cybersecurity controls are now prerequisites for insurability. Carrier-provided pre-breach services are a key differentiator. Cyber…
The Cyber Insurance market is evolving rapidly, driven by rising claim severity, emerging exposures, and shifting client expectations. In our latest on-demand webinar, experts share insights to help brokers and agents better protect their clients. Watch the recording to learn: The life of a Cyber claim—from first notice to class action lawsuits How AI is reshaping Cyber and Media Liability…
Inside This Article: Nearly 3.85 million BowFlex adjustable dumbbells are being recalled after reports that the weight plates can detach during use, causing injuries. Of the 337 incident reports, at least 111 injuries have occurred, including concussions, broken toes, and contusions, according to the Consumer Product Safety Commission. \' The recall could trigger product liability claims against Johnson Health…
Inside This Article: A signed 1986-87 Fleer Michael Jordan rookie card sold at auction for $2.5 million, setting a new record for a Jordan rookie card. The card was one of only nine signed by Jordan in 2024 and marked the first sports collectible offered by Pharrell Williams’ auction house Joopiter. Interest in sports collectibles remains high in the…
Inside This Article: Cleanup crews responding to an underground storage tank leak in Woodstock, Ontario, have now recovered approximately 180,000 liters of diesel, exceeding earlier estimates. In addition to businesses that were impacted by the leak, area residents have expressed concerns about groundwater safety and potentially reduced property values. The disaster underscores the importance of Environmental Insurance policies such as…
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