Intel

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation…

In our latest P&C webinar, Pamela Alphabet, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Scottsdale, Arizona, discussed what is driving the hard market and ways to secure coverage. https://vimeo.com/1020710933/6d578c97e7?share=copy Want more information? You can watch the entire webinar here.

While we are experiencing more stabilization, some hard sectors remain as carriers continue to revise their appetites. Watch our P&C webinar for insights into the current state of the market, what is expected for the rest of the year and what 2025 may hold. Highlights include: The increasing role of dynamic pricing in Personal Insurance Why some admitted carriers are…

Wildfire season in the U.S. and Canada has had an alarming start this year, with recent wildfires already burning over 1 million acres in Oregon, destroying up to half of the structures in the Canadian town of Jasper, and currently threatening a growing swath of Northern California as firefighters battle the Park Fire, which is the state\'s largest wildfire of…

A tragic incident involving a bounce house that was set up at a family’s home in Casa Grande, Arizona underscores the potential dangers and protections needed for such attractions. According to reports, a sudden gust of wind sent the bounce house into the air and onto a neighboring property, impacting two young children. “It is heartbreaking,” said Andy​​​​ Sable, Senior…

Consumers will spend a record-breaking $6.4 billion on Valentine\'s Day jewelry purchases this year, according to a recent survey from the National Retail Federation. The annual survey shows that total Valentine\'s Day spending in the U.S. will reach $14.2 billion, another record, INSTORE Magazine reported Jan. 30. Although consumers expected to spend an average of $185.51…

Early reports from one of the art industry\'s most significant U.S. events of the year pointed to a positive outlook for the art market, according to news outlets. Several galleries represented at the annual Art Basel Miami Beach, held Dec. 6-10, were reporting strong sales, including the sale of several works valued at more than $1 million and at least…

Short-term rental homes have been filling up quickly in the Phoenix, Arizona, area as fans prepare to celebrate Super Bowl LVII on Sunday, Feb. 12. Football lovers looking to stay closest to the action at State Farm Stadium could expect to find average Airbnb rates around $1,000 per night, Cronkite News reported, with at least one listing asking as much…

In communities across the U.S., home prices are soaring so high in some areas that priced-out residents are moving to regions with a lower cost of living, Fox Business recently reported. Average rent prices are also up, with the most significant increases — each over 25% in the past year — seen in cities such as Miami, Tampa and Phoenix,…

The countdown to the big game is on as football fans across the U.S. prepare to watch the Los Angeles Rams take on the Cincinnati Bengals in Super Bowl LVI on Feb. 13. For many enthusiasts, the championship game is best enjoyed by hosting or attending a Super Bowl gathering with family and friends. According to a recent report, 90…

At least 108 active wildfires were burning in the U.S. as of Aug. 10, involving over 2.4 million acres of land in 15 states. The Bootleg Fire in Southern Oregon has burned more than 400,000 acres since it was ignited by lightning on July 6 and although it was 98% contained as of Aug. 10, officials said it was nowhere…

Wildfires are a growing risk for homeowners in many areas. To learn more about how homeowners can protect themselves and their property, Crain’s Content Studio spoke with Pamela Alphabet, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Scottsdale, Arizona. How serious is the wildfire threat for homeowners today? P.A.: Each year, the risk continues to increase. By far, the…