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![Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property](https://www.burnsandwilcox.com/wp-content/uploads/2024/08/20240816_CGL-1-375x375.jpg)
Commercial Office Space Is Making a Comeback, How Owners Can Protect Their Property
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…
![Flood Risks, Insurance Costs on the Rise: Essential Steps to Protect Your Property](https://www.burnsandwilcox.com/wp-content/uploads/2024/08/20240813_Flood-375x375.jpg)
Flood Risks, Insurance Costs on the Rise: Essential Steps to Protect Your Property
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…
![P&C Report: 2024 Q3 Outlook](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/PC_Web_2024-Q3_20240718-2-375x375.jpg)
P&C Report: 2024 Q3 Outlook
The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…
![Power Outages Stall Houston Businesses After Beryl, Insured Losses Could Hit $600 Million](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/20240718_powerline-375x375.jpg)
Power Outages Stall Houston Businesses After Beryl, Insured Losses Could Hit $600 Million
Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…
![Video: Large Account Brokerage Outlook Q3 2024](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/BW_Web_Webinar-PCQ3-2024_A0101-375x375.png)
Video: Large Account Brokerage Outlook Q3 2024
During this webinar, our own Denis Brady provided insights on the Large Account Brokerage Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/985185596/2f6e2ec4ec
![Video: Commercial Property Outlook Q3 2024](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/BW_Web_Webinar-PCQ3-2024_A0002-375x375.png)
Video: Commercial Property Outlook Q3 2024
During this webinar, our own Peter Kestenbaum provided insights on the Commercial Property Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984326736/678308ac3f
![Webinar: P&C Market Outlook – Q3 2024](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/BW_Web_Webinar-PCQ3-2024_20240710-375x375.jpg)
Webinar: P&C Market Outlook – Q3 2024
During this webinar, our expert panel reviewed valuable insights into Q3 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/982781651/ca925a19f8
![Bounce House Tragedy Shows Need for Precautions and Extra Protection](https://www.burnsandwilcox.com/wp-content/uploads/2024/05/20240530_bouncehouse-375x375.jpg)
Bounce House Tragedy Shows Need for Precautions and Extra Protection
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…
![Justice Department Proposes to Reclassify Cannabis as Less Risky Drug](https://www.burnsandwilcox.com/wp-content/uploads/2024/05/20240523_cannabis-375x375.jpg)
Justice Department Proposes to Reclassify Cannabis as Less Risky Drug
Cannabis could be reclassified from a Schedule I to a Schedule III drug under a new rule recently proposed by the U.S. Justice Department, according to reports. While some experts say it represents a historic shift in policy, the proposed change would not legalize marijuana, but would ease federal restrictions on the substance and put it in the same class…
![Burglary Ring Targets Homeowners, Swiping $4 Million in Jewels Over 6 Years](https://www.burnsandwilcox.com/wp-content/uploads/2024/05/20240509_jewelry-375x375.jpg)
Burglary Ring Targets Homeowners, Swiping $4 Million in Jewels Over 6 Years
Police in Massachusetts recently broke up a “sophisticated” burglary ring that stole jewelry worth over $4 million from homes in 25 communities in the state over the past six years. According to the Massachusetts State Police Division of Homeland Security, the criminals allegedly targeted households they believed would have more jewelry, ABC News reported on April 27. [lgc_column grid=\"50\" tablet_grid=\"50\"…
![P&C Report: 2024 Q2 Outlook](https://www.burnsandwilcox.com/wp-content/uploads/2024/04/PC_Web_2024-Q2_20240718-375x375.jpg)
P&C Report: 2024 Q2 Outlook
Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…
![Video: Commercial Insurance Overview](https://www.burnsandwilcox.com/wp-content/uploads/2024/04/Commercial-WP-375x375.jpg)
Video: Commercial Insurance Overview
During this webinar, our own Doug Legters provided updates on the Commercial Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/932659555/6f9742c648?share=copy
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