Intel

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…

A smash-and-grab burglary at a cannabis dispensary in San Francisco, California, in late September left the business with significant property damage and missing merchandise. According to CBS News Bay Area, the burglars pulled open the dispensary’s metal security gates using a chain attached to the back of their SUV and then rammed the vehicle through the store\'s rollup metal door…

As communities across the Southeast recover from the devastating impacts of Hurricane Helene, they now face another storm: Hurricane Milton. “The circumstances are tragic,” said Rick Sforzo, Senior Director, Claims Services, Burns & Wilcox, Atlanta, Georgia. “Our thoughts and prayers are going out to everyone there affected by these storms, and certainly those that have been affected by the multiple…

The transportation industry faces a variety of challenges today, including the difficulty of staying profitable as average trucker expenses exceed $2 per mile. To learn more about how Transportation Insurance can help protect companies, we spoke with William Mills, Director, Transportation, Burns & Wilcox, Salt Lake City, Utah. What are some of the greatest risks in transportation today? W.M.: Accidents…

The husband of a woman who had a severe allergic reaction last year after eating at a Disney Springs restaurant is suing the company for more than $50,000 in a wrongful death lawsuit that claims the server \"guaranteed\" the woman\'s food was allergen-free. The woman, a doctor from New York who had a severe allergy to nuts and dairy products,…

Insurance carriers paid out more than $100 billion in catastrophe (CAT) insurance losses in 2023 and in the first half of 2024, making it the costliest two-year period in history. More than $60 billion in global insured losses have been paid in the first half of 2024, which is 62% above the 10-year average. The culprit? Severe convective storms…

Modeling plays a significant role in the E&S Property market. In our latest webinar, Jonathan Mortimer, E&S Distribution Leader, Millennial Specialty Insurance, discusses modifiers that factor into assessing CAT Insurance risks. https://vimeo.com/1006982209/971816ec54?share=copy

What does the future hold for the E&S Property Market? Chris Siegel, Associate Vice President, Managing Director, South Florida, Burns & Wilcox, Orlando, Florida, weighs in on anticipated CAT Insurance pricing and capacity changes. https://vimeo.com/1006987858/2678790cae?ts=0&share=copy

It has been a devastating wildfire season across the western United States. Fast-moving blazes have forced thousands of people to evacuate, destroyed homes and scorched millions of acres of land. In other parts of the country, catastrophic flooding has ravaged homes, businesses, and infrastructure. Extreme heat, tornadoes and hurricanes also remain serious threats. In our Extreme Weather and CAT Insurance webinar,…

A boat fire spread through a marina on the Mohawk River in Alplaus, New York, after a docked pontoon boat ignited, Authorities are still investigating the cause of the Aug. 13 blaze, which destroyed several boats at the Mohawk Valley marina and damaged other vessels, News10 reported. “It is certainly an unfortunate situation,” said Michael Dearness Associate Manager, Ocean Marine,…

Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…

Communities from Florida to the Northeast are recovering from the effects of Hurricane Debby, which brought flooding rain and multiple tornadoes from Florida to the Northeast. Earlier this year, forecasts predicted an above average, or even record-breaking number of storms in 2024, due in part to unusually high ocean temperatures and the effects of La Niña, NBC News reported. For…