In The News – July 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