Intel

The U.S. is faced with an apartment shortage that is expected to get worse before it gets better. This is placing significant stress on the Habitational Insurance market with high demand for rental housing. According to the National Multifamily Housing Council and the National Apartment Association, the U.S. will need an additional 4.3 million apartments between now and 2035 to…

During our Habitational Insurance Market webinar, our own Nicholas Freeman joined us to provide tips for brokers and agents facing challenges in the marketplace. Watch a highlight from the discussion below. https://vimeo.com/915333303/d79c637867?share=copy

During this webinar, our experts met for a discussion on the current state of the Habitational insurance market. Watch as they explore current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/914913271/243f209a8e?share=copy

A construction crane accident in New York City tragically injured 11 individuals and shut down traffic July 26 after the crane burst into flames 45 stories above ground. The top portion of the crane, which was lifting 16 tons of concrete at the time as it worked on a 54-story building in Midtown Manhattan, struck a neighboring building as it…

As cranes and scaffolding dominate skylines in major cities across the U.S., it is clear that the construction industry is bustling in many areas. To learn how Construction Insurance helps protect construction companies, Crain’s Content Studio spoke with Nicholas Freeman, Associate Managing Director, Broker, Casualty, Burns & Wilcox Brokerage, North Dallas, Texas. What are the greatest risks in the construction…

Dozens of students from Clemson University in South Carolina were evacuated from an off-campus apartment complex on Oct. 25 due to a carbon monoxide leak that left some residents seeking medical attention for headaches and nausea after possible exposure to the gas. The leak, which may have originated in a main floor retail space where construction work had just been…

Cleanup and investigation efforts are underway at the site of the Forbes Avenue Bridge in Pittsburgh, Pennsylvania, after the bridge collapsed on Jan. 28. A city bus and several other vehicles were on the bridge when it came crashing down, injuring 10 individuals in a terrifying ordeal that left motorists fearing for their lives. The 447-foot bridge, which was built…

A road construction worker was tragically killed on I-94 in Michigan on Aug. 27 after a semi-truck struck the crane that the worker was operating. According to Michigan State Police, the worker was completing bridgework on an overpass near Paw Paw and had attempted to jump from the equipment before it was hit by the semi-truck. The worker died at…

Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become a 13-story data sciences building…

The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems with sliding glass doors. As…

Construction-related risks and Construction Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox and Burns & Wilcox Brokerage. As construction activity picks up across the U.S. and Canada after a challenging 2020, general contractors and other professionals in the industry are navigating changes in the Construction Insurance marketplace. In fact, construction is one of…

Our experts gathered to discuss the Construction market, dynamics depending on region, and the key verticals within the industry. View the webinar below to learn about: The economic impact on the state of the market How the market differs across the country Problematic classes of business, excess liability and builders risk   https://vimeo.com/525800398/abd7eac0c0