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$4.2 Million Verdict Reflects Rise in Dog Bite Claims
Inside This Article: An 82-year-old woman in Georgia was awarded over $4.2 million in relation to a 2020 incident in which she was attacked by her neighbor’s dog. Settlements for dog bites and other Personal Liability claims are on the rise as medical and legal costs continue to climb. The cost of dog bite-related injury claims increased 18.3% in
Historic Flooding Exposes Homeowners Insurance Gaps
Inside This Article: Many communities throughout the central United States were submerged after historic rainfall led to life-threatening flash floods. The Ohio River reached its highest crest since 1997, flooding storefronts in downtown Louisville, Kentucky. Many homeowners do not have insurance coverage for flood damage because it is excluded under standard Homeowners Insurance policies. Private Flood Insurance policies can
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Key Takeaways: Rates are beginning to stabilize or even decline in some non-CAT areas. Market capacity remains healthy, particularly in non-admitted spaces, although often through layered placements, which are becoming more common. Carriers are increasing reliance on exclusions and higher deductibles to manage risk. Wildfire and convective storm risks are driving significant change in both Personal and Commercial Insurance.…
Inside This Article: Two “spyder” cranes came crashing down onto a scaffolding outside a 12-story building that was under construction. No injuries were reported related to the incident, which occurred just a day after a partial stop-work order at the site was rescinded. This type of incident could lead to reputational damage as well as costly lawsuits, which can…
Inside This Article Architecture firm Cooper Carry is being sued by the owner of a Hilton hotel project for delays that reportedly led to $26 million in additional costs. When facing litigation, architects may incur significant defense costs and rectification expenses, in addition to reputational damage. Lawsuits against design professionals can be covered by Architects & Engineers Professional Liability…
Inside This Article: Recently released government emails show the massive scale of a December leak from a gas station’s underground storage tank, with an estimated 100,000 liters of diesel fuel released into the environment. Groundwater contamination impacted surrounding properties including a Tim Hortons cafe, where customers said they could smell fuel in the bathrooms and even taste it in…
Inside This Article: Hailstorms are a growing threat in the U.S. and Canada, causing more frequent and severe losses for homeowners. One record-breaking hailstorm in Calgary generated 130,000 claims and nearly $2.8 billion in losses. Property damage caused by hail can be covered by Homeowners Insurance, but separate wind and hail deductibles typically apply. Percentage-based deductibles and roof settlement…
Inside This Article: A woman reportedly suffered multiple infections after receiving injections of a filler at a medical spa in Philadelphia. More medical spas in the U.S. and Canada are offering increasingly complex procedures, potentially heightening the risk of a malpractice claim. When a medspa is sued, the facility’s Professional Liability Insurance can cover legal defense and indemnity payments.…
Other Recent Intel
A heartbreaking accident in Twin Falls, Idaho, left a father paralyzed after attempting tricks on a backyard trampoline during a friend’s barbecue, KMVT reported. The devastating incident is a reminder of how quickly everyday moments can turn tragic—and the liability risks homeowners may face when someone is seriously injured on their property. “The incident is a…
Some commercial properties are more difficult to insure than others, creating challenges for property owners. To learn more about Hard-to-Place Commercial Property Insurance, we spoke with Tim Wright, Senior Underwriter, Commercial Insurance, Burns & Wilcox, Boston, Massachusetts. What makes a commercial property hard to place? T.W.: Much of what makes a property hard to place for insurance is about location.…
Allied healthcare professionals face unique risks that can lead to costly claims, even when accidents happen unexpectedly. In this short video, Rahmad Bauldrick, Associate Vice President, Regional Practice Group Leader, Professional, Burns & Wilcox, Chicago, IL, unpacks a real-world exposure scenario and explains how the right liability coverage keeps professionals protected. https://vimeo.com/1074770733/ea53757dc4?share=copy
Key Takeaways: Catastrophic (CAT) losses in 2024 are estimated at $113 billion, driving increased demand for flexible insurance solutions. California, coastal communities, and other regions at high risk for CAT events continue shifting to the Excess & Surplus (E&S) market, where customized solutions are more readily available. Roof depreciation schedules, exclusions, and buyback options are some of the creative…
Watch below as Connor Farquharson, Manager, Commercial Insurance, Burns & Wilcox, Dallas/Fort Worth, TX, breaks down today’s evolving Commercial Insurance landscape—where some markets are softening while others, like Transportation and Liquor Liability, continue to harden nationwide. https://vimeo.com/1073993370/1b7518d264?ts=0&share=copy For more insights, watch the full P&C Market Outlook Q2 2025 webinar recording.
Watch below as Matt Baxter, Director, Professional Liability, Burns & Wilcox Brokerage, Atlanta, GA, explains why exploring E&S options for Professional Liability—even when admitted markets are available—can uncover creative solutions and key coverage enhancements for your clients. https://vimeo.com/1073992292/e09876084f?ts=0&share=copy For more insights, watch the full P&C Market Outlook Q2 2025 webinar recording.
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