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2025 Homeowners Insurance Outlook: Securing Coverage Amid Rising Risks

2025 Homeowners Insurance Outlook: Securing Coverage Amid Rising Risks

As experts tally losses from the record-breaking 2024 Atlantic hurricane season, which brought a total of 18 named storms and the earliest Category 5 hurricane to date, some estimates suggest that its total damages and economic losses could reach $500 billion. The unprecedented season included five hurricanes that made U.S. landfall, with estimated losses between $25.5 billion and $68.5 billion,…

Tricks on Backyard Trampoline Lead to Injury, Heartbreak for Father

Tricks on Backyard Trampoline Lead to Injury, Heartbreak for Father

A man in Twin Falls, Idaho, suffered debilitating injuries from a terrible accident earlier this year after jumping and attempting tricks on a trampoline with his son at a friend\'s backyard barbecue, KMVT reported in November. “The incident is a heartbreaking story,” said Jeremy Bright, Underwriter, Personal Insurance, Burns & Wilcox, Atlanta, Georgia. “In the insurance…

$32.5M Ruby Slippers Smash Auction Records Amid ‘Wicked’ Buzz

$32.5M Ruby Slippers Smash Auction Records Amid ‘Wicked’ Buzz

A pair of ruby slippers worn by Judy Garland in The Wizard of Oz recently became the most valuable movie memorabilia ever sold at auction, fetching $32.5 million in the Heritage Auctions sale that closed Dec. 7. The iconic shoes were sold alongside the hat worn by the Wicked Witch in the 1939 film; the hat sold for $2.9 million,…

Video: Surplus Lines Market Update

Video: Surplus Lines Market Update

In the recent Burns & Wilcox Residential Property webinar, special guest Virginia Mathurin, Director, Property Underwriting, Personal Lines, Markel Specialty, explored the nationwide growth of E&S insurance, driven by admitted carriers retreating from risks due to inflation, rising reconstruction costs, and increased weather events. https://vimeo.com/1036876499/e653e69341?share=copy

Video: State of Residential Homeowner Market – California

Video: State of Residential Homeowner Market – California

Albert Reed, Manager, Personal Insurance, Senior Underwriter, Personal Insurance, San Francisco, CA, shared insights in the Burns & Wilcox Residential Property webinar about the significant growth in E&S and the role of DIC policies in addressing coverage limitations from admitted carriers in California. https://vimeo.com/1036899006/a8463b5d5c?share=copy

Video: Private Client Market Update

Video: Private Client Market Update

During the recent Burns & Wilcox Residential Property webinar, Heather Posner, Vice President, National Product Leader, Private Client, Burns & Wilcox, Cleveland, OH, highlighted the growing need for solutions like flood, earthquake, and deductible buybacks to address gaps in protection. https://vimeo.com/1036886620/925a4bdd7e?share=copy  

Webinar: Solutions for Residential Properties

Webinar: Solutions for Residential Properties

The E&S market is transforming, and Residential Property risks are finding a new home in the non-admitted space. Watch the recording of “The E&S Evolution: Solutions for Residential Properties” to gain expert insights into the trends reshaping the industry. Learn strategies to: Secure tailored solutions Navigate challenges Elevate your client service Panelists: Heather Posner, Vice President, National Product Leader, Private…

Short-Term Rental Risks: Airbnb Owner Seeks $540,000, Citing ‘Bizarre’ Damage

Short-Term Rental Risks: Airbnb Owner Seeks $540,000, Citing ‘Bizarre’ Damage

The owner of an Airbnb in Ithaca, New York, is suing Cornell University and the vacation rental platform in a lawsuit that claims a group of international students who rented her home caused $200,000 in severe and \"bizarre\" damages during their eight-day stay. In the lawsuit, the owner alleges that the exchange students — reportedly “hand-picked” for a summer program…

Video: Residential Property Insurance Market Update

Video: Residential Property Insurance Market Update

In our latest P&C webinar, Pamela Alphabet, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Scottsdale, Arizona, discussed what is driving the hard market and ways to secure coverage. https://vimeo.com/1020710933/6d578c97e7?share=copy Want more information? You can watch the entire webinar here.

How to Navigate Insurance Claims, Uncertainty with Hurricanes Milton, Helene

How to Navigate Insurance Claims, Uncertainty with Hurricanes Milton, Helene

As communities across the Southeast recover from the devastating impacts of Hurricane Helene, they now face another storm: Hurricane Milton. “The circumstances are tragic,” said Rick Sforzo, Senior Director, Claims Services, Burns & Wilcox, Atlanta, Georgia. “Our thoughts and prayers are going out to everyone there affected by these storms, and certainly those that have been affected by the multiple…

Ask the Expert Q&A: Flood Insurance

Ask the Expert Q&A: Flood Insurance

As flooding risks continue to grow across the U.S. and beyond, finding the right Flood Insurance policy is essential for property owners. To learn more about Flood Insurance, we spoke with Brad Turner, Vice President, National Product Manager, Flood, Burns & Wilcox, Morehead City, North Carolina. What are some of today\'s greatest risks regarding Flood Insurance? B.T.: The lack of…

Babe Ruth Shatters Another Record: Jersey Hits $24 Million at Auction

Babe Ruth Shatters Another Record: Jersey Hits $24 Million at Auction

A jersey worn by Babe Ruth recently sold for more than $24 million and broke the record for the most expensive piece of sports memorabilia ever sold at auction, according to reports. The baseball legend wore the jersey on Oct. 1, 1923, when he made his famous \"called shot,\" pointing to a flagpole at center right field before hitting a…

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