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The risk of a cyberattack is a leading concern for a majority of business owners, yet many have not taken some of the key steps needed to prevent or respond to a cyber incident, according to a new survey of business leaders. The Travelers Risk Index, an annual report that studied more than 1,200 business decision-makers, found that cyber risks…
The owner of a 116-year-old building that partially collapsed earlier this year is taking legal action against the engineering company that allegedly failed to recognize that the building was unsafe, according to reports. The apartment building in Davenport, Iowa, partially collapsed on May 28, tragically killing three men and injuring several others, including one woman who needed a leg amputation…
Philips Avent recently recalled nearly 13,000 baby monitors after receiving reports of the devices overheating, causing seven minor injuries. The affected Digital Video Baby Monitors, which were manufactured between March 2016 and December 2019 and sold for between $120 and $200, could have an issue with their rechargeable lithium-ion batteries. The batteries reportedly could overheat when…
A homeowner in Connecticut is facing a dog bite claim that will not be covered by insurance after his agent allegedly failed to disclose the dog on his Homeowners Insurance application. Antonio Laires, who is being sued over an incident in which his dog reportedly bit a woman on her face, claims he did not realize that his pet was…
A well-known personal injury attorney in Colorado recently filed a malpractice lawsuit against his former accountant, claiming that tax preparation errors on a 2017 return led to severe underpayment to the IRS. The attorney, Frank Azar, is accusing Louisiana accountant Timothy McKey of mistakes that led to Azar underpaying his federal taxes by $716,000 and incurring $170,000 in legal expenses…
The social networking site Twitter is the target of a $250 million lawsuit recently filed by a group of 17 music publishers over alleged copyright infringements. According to a June 14 report from Forbes, the lawsuit was filed by the National Music Publishers’ Association and seeks up to $150,000 for each of the 1,700 songs that Twitter is claimed to…
2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…
With inflation driving up costs, increased demand for coupon codes and deals could make shoppers particularly vulnerable to cyber scams this holiday season, according to reports. Cybersecurity experts recently told news outlet Axios that hackers are using heightened interest in online discounts to target consumers for phishing and ransomware scams. Other reports also point to the…
