The potential federal reclassification of marijuana may affect liability insurance coverage, necessitating careful review of policy exclusions and legal compliance for businesses in the marijuana industry.
At RISKWORLD 2024, Jeff Canfield of Ascot explores the potential of AI in underwriting, Ascot’s data-driven deal selection, and their approach to underwriting specialty risks.
As hurricane season begins, businesses should utilize data analytics and strategic planning to prepare for potential storm impacts and streamline claims processing.
In a significant legal victory, CTA Construction Co. has been awarded $4.8 million in a contract dispute involving the renovation of the new Dedham Town Hall and Senior Center.
A Montana plumber was sentenced to five years in prison, suspended for five years of probation, and a 30-day term of house arrest for presenting a falsified insurance certificate.
David Garrett Manion of Lafayette, Tennessee, has been sentenced to 3 years and 6 months in federal prison for defrauding the federal crop insurance program. The scheme, which took place from 2016 to 2022, also resulted in a restitution order of $3.5 million.
The Occupational Safety and Health Administration announced a comprehensive revision of its Hazard Communication Standard, aiming to better align it with the United Nations’ Globally Harmonized System of Classification.
UC Berkeley’s landscape design competition, highlighting the importance of wildfire resilience for Wildfire Awareness Month, has announced its winners.
A hacker group, RansomHub, has claimed responsibility for the recent cyberattack on Christie’s auction house. The attack disrupted the auction house’s website during a major event, forcing Christie’s to suspend online bidding.
Ransomware breaches can devastate insurance providers financially and reputationally. With attacks becoming more sophisticated, it’s crucial for providers to prevent data breaches proactively.
The Government Accountability Office has warned that the Environmental Protection Agency has yet to implement a comprehensive cybersecurity risk assessment process, a recommendation first made in 2019.
Florida’s property insurance market is beginning to stabilize thanks to new legislation aimed at reducing litigation and increasing market competition, following years of hurricane-induced losses and financial struggles.
Starting in 2025, Michigan blueberry farmers will benefit from enhanced crop insurance coverage, tailored to protect against specific natural events impacting different blocks and varieties of their crops.
The National Transportation Safety Board has urged federal and state authorities to review inspection reports and address maintenance issues for bridges made of uncoated weathering steel, following the 2022 Fern Hollow Bridge collapse in Pittsburgh.
Powerful storms swept through Texas on Tuesday, causing over 750,000 power outages and significant damage, especially in the Dallas-Fort Worth area, with further severe weather expected throughout the day.
