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P&C Updates: 2025 Forecast
The E&S market continues to expand, approaching $111 billion in premiums, with changing rates, evolving capacity, and new opportunities for brokers. See below to explore key trends for 2025, including CAT pricing adjustments and strategies for the London market.
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Professional Liability Updates: Q1 2025
The Professional Liability Insurance market remains stable, with some soft spots and abundant capacity. See below to learn how the rise in Cyber risks, growth in Architects & Engineers, and increasing claims in Healthcare are shaping 2025.
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Commercial Insurance Updates: Q1 2025
The Commercial Insurance market is facing evolving challenges as wildfire losses, tightening capacity, and rising claims costs drive firming conditions. See below to explore key trends in Property, Casualty, and more, and discover what’s shaping the market in 2025.
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Webinar: Hospitality Risks Uncorked – Navigating Liquor Liability Coverage
Bars, restaurants, and other hospitality businesses are increasingly seeking insurance coverage from Excess and Surplus (E&S) markets, particularly for Liquor Liability. Watch our latest webinar for insights on: Factors prompting admitted carriers to withdraw from the hospitality sector. Common exclusions in policies that can lead to significant coverage issues during claims. The importance of aligning a business\'s social media posts…
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Ask the Expert Q&A: Commercial Casualty Insurance for the Hospitality Industry
The hospitality industry is facing challenges due to a tightening insurance market, which is a result of increasing claim costs and the withdrawal of many admitted carriers. To gain insights into how Excess & Surplus (E&S) insurance is responding to these issues, we spoke with Aaron Pfister, Associate Managing Director and Underwriter at Burns & Wilcox in Scottsdale, Arizona. Why…
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Unoccupied Homes Becoming ‘Hotspot’ for Squatters, Fires, Thefts and More
Incidents involving vacant homes are on the rise in Terre Haute, Indiana, especially amid frigid winter weather, as empty homes in the city are increasingly being used for shelter, drugs or theft, WTWO News reported recently. The trend is mirrored in other parts of North America. For example, an uptick in fires at vacant properties in Albany, New York, is…
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P&C Report: 2025 Forecast
KEY TAKEAWAYS: The January wildfires in southern California affected areas not typically prone to such risks, making the situation particularly alarming for insurers and residents alike. Despite challenges, the Excess & Surplus (E&S) market is expected to continue growing, although at a slower pace when compared to recent years. As we move into 2025, small businesses may see modest…
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Video: Commercial Casualty 2025 Market Outlook
From liquor-driven Hospitality risks to shifting trends in Habitational and Construction, Bryant Steele, Regional Vice President, Upper Midwest, Burns & Wilcox, Chicago, IL, shares key insights on navigating the hardening Casualty market in this Eye on 2025 P&C Webinar segment. https://vimeo.com/1047143645/a655831012?ts=0&share=copy For additional E&S intel, watch the full webinar recording.
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Webinar: Eye on 2025: Navigating the Evolving E&S Insurance Landscape
The wildfires in Southern California have deeply affected countless individuals, underscoring the devastating consequences of severe weather conditions. Our thoughts are with those impacted and the first responders working tirelessly to safeguard lives and communities. In our regularly scheduled Eye on 2025: Property and Casualty (P&C) webinar, our expert panel expressed their support for those affected by the wildfires and…
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115 Sickened, 13 Hospitalized: Lawsuits Mount Against Catering Company in E. Coli Case
A catering company in Missouri is facing at least four lawsuits after an E. coli outbreak sickened more than 100 individuals, including multiple students from schools in St. Louis County. The outbreak was initially linked to five different events catered by the company between Nov. 6-9, including two school band events, two funerals and a veterans’ event, KSDK-TV reported. [lgc_column…
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P&C Updates: Q4 2024 Market Watch
The insurance market faces a dynamic future, with a steady shift toward non-admitted markets, unpredictable CAT events and Liability concerns poised to reshape the landscape. Click below for quick insights into Personal, Commercial and Professional Insurance.
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$4.7 Million Overage Sparks Lawsuit Against Architect Over ‘Defective’ Plans
The Indianapolis Public Transportation Corporation recently filed a lawsuit against Dallas-based architectural firm AECOM over construction plans that it claims were \"inadequate, inaccurate and defective.\" According to Fox59 News, the lawsuit alleges the architect responsible for the Julia M. Carson Transit Center in downtown Indianapolis did not properly account for the project’s archaeological work, only setting aside five days for…
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