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    In The News – July 2022

    July 26, 2022

     

    A collection of noteworthy and topical articles we found helpful this month.

     

    Cyber

    • Many cyber insurers are requiring multifactor authentication (MFA). Now one insurer wants to rescind a policy for a client who allegedly mispresented MFA use. Read more
    • The 2022 Verizon Data Breach Investigations Report examines data from 23,896 incidents. Here’s a look at the findings. Read more

    E&O

    • Social inflation is putting pressure on the professional liability market, and verdicts against law, architecture, accounting and engineering firms in particular have surged. Read more

    Healthcare

    • The healthcare labor shortage could lead to an increase in professional liability and workers’ compensation claims. Read more

    Casualty

    • A drunk driver caused a crash that killed a family’s daughter and left their son catastrophically injured. Now the Miami bar that served the drunk driver has been ordered to pay $95 million. Read more

    Property

    • Wildfire season has begun on the West Coast. Here’s why insurers are bracing for another difficult year. Read more
    • Both Florida and Louisiana are experiencing homeowners insurance crises, but for different reasons. Read more

    EPL

    • A growing number of lawsuits have been filed under the Illinois Biometric Information Privacy Act, leading to questions of insurance coverage. Here’s where exclusions stand now. Read more

    D&O

    • D&O losses are common among private companies, and they can have a significant financial impact – but many companies are failing to secure coverage. Read more

    Cannabis

    • The U.S. cannabis market reached $21 billion in sales in 2021. The growing industry’s insurance needs are great, but a lack of legal clarity is impeding coverage availability. Read more

     

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