Intel

Inside This Article: Hailstorms are a growing threat in the U.S. and Canada, causing more frequent and severe losses for homeowners. One record-breaking hailstorm in Calgary generated 130,000 claims and nearly $2.8 billion in losses. Property damage caused by hail can be covered by Homeowners Insurance, but separate wind and hail deductibles typically apply. Percentage-based deductibles and roof settlement…

Discover key insights into California\'s challenging Homeowners Insurance market. In this clip from the Burns & Wilcox Residential Property Webinar, Ian Hanson, Associate Vice President, Underwriting Director, Personal Insurance, Burns & Wilcox, San Francisco, CA, breaks down market shifts, wildfire impacts, and how brokers can navigate the growing need for E&S solutions. Watch now > https://vimeo.com/1069249409/5487ba7d09?ts=0&share=copy What more Residential Property…

Convective storms are causing major shifts in the homeowners insurance market. In this clip from the Burns & Wilcox Residential Property Webinar, Kate Wright, Associate Vice President, Senior Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Indianapolis, IN, discusses the increasing impact of severe weather, rising insurance costs, and the movement toward E&S solutions for hard-to-place risks. Watch now…

The more details shared, the better the solution. In this clip from the Burns & Wilcox Residential Property Webinar, Berri Willis, Associate Vice President, Managing Director, Burns & Wilcox, Morehead City, NC, explains how providing key client information—such as price sensitivity and priorities—enables brokers to secure the most competitive coverage for hard-to-place homes. Watch now > https://vimeo.com/1069244579/9f93056f09?ts=0&share=copy Want more insights…

The recent wildfires and extreme weather trends are reshaping the Residential Property risk landscape, making it challenging to secure coverage. Understanding today’s evolving market is key to providing the best solutions for your clients. Watch our expert-led webinar, E&S Solutions for Residential Property Risks, now available on demand. Gain valuable insights on: Strategies for securing coverage in high-risk areas How…

The Personal Insurance market continues to face challenges as wildfire risks lead to tightening capacity, increasing premiums, and stricter underwriting practices. See below to learn how legislative changes, risk mitigation efforts, and advancements in technology are shaping the future in 2025.    

Inside This Article: A rare cold snap in Florida caused extensive plumbing damage, with many homeowners facing costly repairs due to frozen pipes and burst water lines. Each year, around 250,000 homes in the U.S. experience damage from frozen pipes, and a single burst pipe can lead to over $5,000 in repair costs.  Due to Florida’s challenging insurance market,…

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…

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…

Consider this scenario: following a hailstorm that damaged their roof, a homeowner faced a repair bill totaling $17,000. Assuming their Homeowners’ Insurance policy would cover the entire cost of the repairs, they were surprised that the settlement schedule—which is determined by factors such as the type, age, and condition of the roof—only covered about half of the total expenses.…

Wildfires continue to affect communities throughout Los Angeles County, California, leaving unimaginable loss in their paths. Wildfire crises leave many questions and challenges for those affected, and, at Burns & Wilcox, we are here to help as the community approaches how to recover. As some homeowners begin the process, navigating insurance claims may feel overwhelming. For brokers and agents in…

As California endures the heartbreaking devastation caused by recent wildfires, Bill Gatewood, Corporate Senior Vice President, National Personal Insurance Practice Leader, Burns & Wilcox, Detroit/Farmington Hills, MI, shares insights regarding how these unprecedented events are affecting homeowners and transforming the insurance landscape. https://vimeo.com/1047142547/30645e240d?ts=0&share=copy For additional intel into the E&S market, watch the full Eye on 2025 P&C Webinar recording…