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![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…
![2024 Wildfire Season Starts Early and Fierce: How Homeowners Can Mitigate Risk](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/20240801_wildfire-375x375.jpg)
2024 Wildfire Season Starts Early and Fierce: How Homeowners Can Mitigate Risk
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…
![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…
![Video: Personal Insurance Outlook Q3 2024](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/BW_Web_Webinar-PCQ3-2024_C0039-375x375.png)
Video: Personal Insurance Outlook Q3 2024
During this webinar, our own Anella Niewenhous provided insights on the Personal Insurance Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984331064/7beed588c8
![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…
![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…
![Homeowners Insurance Crisis: Rates Soar as More Carriers Leave Market](https://www.burnsandwilcox.com/wp-content/uploads/2024/04/20240411_coastalsubdivision-375x375.jpg)
Homeowners Insurance Crisis: Rates Soar as More Carriers Leave Market
Soaring premiums, fewer carriers and worsening weather trends are contributing to an insurance crisis for homeowners in many areas of the U.S. In New Orleans, Louisiana, the market for Homeowners Insurance is \"crumbling,\" CNN reported March 29, with one resident telling the news outlet that his premiums increased from $1,600 per year in 2022 to $4,930 after his previous carrier…
![Video: Personal Insurance Market Outlook](https://www.burnsandwilcox.com/wp-content/uploads/2024/04/Personal-WP-375x375.jpg)
Video: Personal Insurance Market Outlook
During this webinar, our own Kate Wright provided updates on the Personal Insurance Market in Q2 2024. Watch a highlight from the discussion below. https://vimeo.com/932662022/25b2d4e237?share=copy
![Webinar: P&C Market Outlook – Q2 2024](https://www.burnsandwilcox.com/wp-content/uploads/2024/04/BW_Web_Webinar-PCQ2-2024_20240404-375x375.jpg)
Webinar: P&C Market Outlook – Q2 2024
During this webinar, our expert panel reviewed valuable insights into Q2 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/930799431/68b9519cb2?
![Report: Increasing Number of Homes Face Severe, Repetitive Flood Losses](https://www.burnsandwilcox.com/wp-content/uploads/2024/02/20240215_flood-375x375.jpg)
Report: Increasing Number of Homes Face Severe, Repetitive Flood Losses
A growing number of homes covered by the National Flood Insurance Program are experiencing severe and repetitive flood losses, according to data from the Natural Resources Defense Council. The number of homes categorized as severe repetitive loss properties — meaning they have either had four or more separate building or contents claims of over $5,000, or two or more separate…
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