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18 Dec New AI-specific insurance exclusions underscore risks associated with generative artificial intelligence

Posted at 13:29h in 2025, Directors & Officers, Professional Liability, Risk Management, Uncategorized

Anita Byer Generative Artificial Intelligence (GAI) is a type of artificial intelligence that creates new content (text, images, audio, video) in response to basic user prompts. Many organizations are now exploring ways to leverage this transformative technology to advance operational and business objectives. But despite its...

05 Nov Global cat losses top $100B for 6th consecutive year despite ‘uncharacteristic’ lack of major events in Q3

Posted at 15:50h in 2025, Homeowners' Insurance, Property Insurance, Uncategorized

Anita Byer A recent report on global natural catastrophe losses revealed that despite an uncharacteristic lack of major events during the third quarter of 2025, insured losses still managed to top $100 billion globally for the sixth consecutive calendar year and the eighth year since 2017....

13 Aug Insuring AI-related risks

Posted at 13:27h in 2025, Risk Management, Uncategorized

Anita Byer Businesses are adopting artificial intelligence at a staggering pace and using AI in more business functions than ever before. According to a McKinsey and Company survey, after years of minimal change, the organizational use of AI has accelerated significantly, from 33 percent in 2023...

01 Jul Firework safety tips for a happy and safe July 4th celebration

Posted at 14:38h in 2025, Risk Management, Safety, Uncategorized

By Anita Byer July 4th fireworks have become a beloved tradition, so it is easy to temporarily forget that blowing stuff up can be dangerous. According to the Consumer Product Safety Commission (CPSC), eleven people were killed and nearly 15,000 people were injured by fireworks last...

05 Jun Understanding your specific risks is key to hurricane preparedness

Posted at 13:19h in Flood Insurance, Homeowners' Insurance, hurricane season, Property Insurance, Uncategorized

By Anita Byer The 2025 hurricane season is underway, so the time to prepare is now. We know that preparing for hurricane season can be overwhelming, particularly when the forecast is for above-normal storm activity. Fortunately, preparations can be made easier by working smarter, not harder....

22 May NOAA predicts above-normal storm activity for 2025 Atlantic hurricane season

Posted at 14:32h in 2025, Flood Insurance, hurricane season, Property Insurance, Uncategorized

By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration is predicting above-normal hurricane activity for the upcoming hurricane season. NOAA’s 2025 Atlantic Hurricane Season Outlook predicts a 30% chance of a near-normal season, a 60% chance of an above-normal season, and...

20 Jun Florida Governor signs comprehensive condominium bill into law

Posted at 16:53h in Condominium Governance, Directors & Officers, Property Insurance, Uncategorized

By Anita Byer On June 14, 2024, Florida Governor Ron DeSantis signed a comprehensive condominium bill into law. House Bill 1021 (Community Associations) includes numerous statutory amendments that relate to condominium governance and association management, most of which become effective July 1, 2024. That means board...

04 Jun NOAA is forecasting more named storms and hurricanes in 2024 than ever before

Posted at 14:56h in Homeowners' Insurance, hurricane season, Property Insurance, Uncategorized

By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration is expecting above-normal hurricane activity during the 2024 Atlantic hurricane season. NOAA forecasters are predicting an 85 percent chance of an above-normal season, a 10 percent chance of a near-normal season and...

22 May Broward County’s new flood zone maps will require thousands to purchase new flood insurance policies beginning July 31, 2024

Posted at 15:44h in Flood Insurance, Homeowners' Insurance, Property Insurance, Uncategorized

By Anita Byer, Setnor Byer Insurance & Risk The Federal Emergency Management Agency recently finalized Broward County’s new Flood Insurance Rate Maps (FIRMs). According to the City of Ft. Lauderdale’s Flood Plain Manager, Broward County’s new FIRM will expand the Special Flood Hazard Area by 15...

08 May DOL issues final rule raising minimum salary threshold for FLSA’s “white collar” exemptions

Posted at 15:11h in Employment Practices Liability Insurance (EPLI), Human Resources, Labor & Employment Law, Uncategorized

By Anita Byer, Setnor Byer Insurance & Risk The Department of Labor issued a final rule that will make it more expensive for employers to keep overtime-exempt employees on the payroll. On April 26, 2024, the DOL published a final rule that increases the minimum salary...