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As GDPR Takes Effect, Businesses Could be at Risk for Privacy Liability

Data protection rules are getting an overhaul in Europe, which likely will create a ripple effect that impacts U.S.-based organizations, regardless of whether they have European operations. Starting Friday, May 25, the European General Data Protection Regulation (GDPR) will go into effect to update personal data rules, changing the requirements for organizations collecting and managing…

The Risks Your Clients Should Know About When Dealing with Cannabis

In 2017, cannabis-related cultivation and retail investments reached $718 million1. In addition, the legal cannabis industry is projected to exceed $50 billion by 2022. It may seem like cannabis is the next California Gold Rush, but while there is great opportunity, there is also great risk. On top of complex and evolving local, state and…

Online Auction of Derek Jeter Rookie Card Shows Need for Sports Collectors to Review Insurance Coverage

When bidding on a 1993 Upper Deck SP rookie baseball card of Derek Jeter soared to nearly $100,000 in an eBay auction this week, it served as a reminder that the sports collectibles market can be fickle. The value of such collectibles – be it signed memorabilia, gear, art or rare cards – fluctuates for…

Great Lakes Oil Spill Shows Need for Environmental and P&I Coverage

The U.S. Coast Guard and other authorities have completed one phase of an investigation into severed underwater cables that leaked about 600 gallons of mineral oil insulation fluid in the Straits of Mackinac. Officials suspect a boat anchor strike on April 1 damaged the cables and dented oil pipelines in the waterway that connects Lake…

Crafting Coverage for Artisan Contractors

Home and commercial property remodeling in the U.S. generates $112 billion in revenue each year, showing an eight percent increase over the last five years. This increase illustrates a greater demand for skilled trade workers, which in turn gives rise to liability claims that can bring massive losses. Should an injury or property damage occur,…

Allegations Against Tom Brokaw Illustrates Need for Liability Coverage

Longtime NBC News anchor Tom Brokaw is the most recent celebrity to be accused of sexual misconduct, although he denies the claims. This latest example of the #MeToo era Americans live and work in is prompting organizations to ask whether their insurance policies protect their executive team and employees from accusations of sexual harassment. The insurance…

Allied Medical Coverage: Make Sure Your Clients Have the Complete Diagnoses

By 2040, seniors with disabilities will expand from 10 to 20 million. With an aging population comes a growing demand for healthcare resources – both technological and professional – stretching the service limits of hospitals, health care centers and medical facilities. Make sure your medical facilities and healthcare professional clients have the complete diagnoses when…

NFL Draft Will Turn Athletes into Millionaires – and Make Them Prime Targets for Risk

More than 200 players will be selected in this week’s NFL draft, marking a turning point in both their professional and personal lives that also brings added liability with increased income and fame. First-round picks in particular will make millions of dollars as the 2017 draft reminded us, with the first overall pick expected to…

A Proactive Approach to Contractors Pollution Liability Insurance

Contractors Pollution Liability Insurance comprises approximately 20-25 percent of environmental insurance purchased worldwide1. However, market penetration of those who need environmental insurance is only around 10 percent2, leaving 90 percent uninsured. Gina Jones, Vice President and Director, Environmental Programs, Burns & Wilcox, discusses the low level of penetration, saying “More than a billion dollars in…

It’s Time to Talk Flood Insurance

Floods are the number one national disaster in the U.S. and the cost of recovery from flooding grows every year.  Most homeowners don’t suspect they are at risk. However, all 50 states have experienced floods or flash floods in the past five years and 20 percent of all flood related insurance claims are on properties…