The elderly population is booming, set to double in size by 2050. As this increase occurs so will the number of facilities needing Allied Medical policies, including: medical clinics, hospice care, healthcare staffing, and adult day care facilities.
Forty-three percent of the workforce in the United States is expected to be made up of freelancers by the year 2020, as compared to just 6 percent nearly 30 years ago. The rise of what is described “the gig economy” is driven by business professionals wanting greater autonomy outside of the 9-to-5 world. An increasing number…
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Dario Nalli, Director, Executive Lines, Burns & Wilcox, shares his insight on Directors & Officers (D&O) insurance.
Just as home buyers insure their purchase, real estate agents need to safeguard the role they play in the transaction. Purchasing a home is one of the most emotional decisions a family can make. As the broker of that decision, a real estate professional’s relationship with the buyer can be a very personal one—leading to…
Purchasing a home is one of the most emotional decisions a family can make. As the broker of that decision, a real estate professional’s relationship with the buyer can be a very personal one—leading to deep gratitude or bitter disputes.
By 2020, the healthcare industry is projected to add over 4.2 million jobs. As a result, many retail brokers and agents are targeting this booming segment to grow their book of business.
Hiring contractors as opposed to full time employees is a rising trend. According to Forbes, freelancers now make up 35 percent of the U.S. workforce. Although this staffing approach provides business owners with greater flexibility and lower costs, it can also lead to unrest within organizations.
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Nicole Greene, Director of Brokerage, Professional and Executive Liability Center of Excellence, Burns & Wilcox, shares her insight on Architects and Engineers Errors & Omissions (E&O) insurance.
There are approximately 2 million active real estate licenses in the United States alone, and housing sales are increasing. As of November 2016, the national home price index has surpassed its peak set in July 2006 before the last major recession.
Roughly 10,000 Baby Boomers will turn 65 each day for the next 17 years—and that means an increase in healthcare staff will be needed to meet the growing demand. “By 2040, aging seniors with disabilities will expand from 10 million to 20 million,” says Karl Olson, Vice President, Professional Liability Regional Practice Leader, Burns &…
The population is constantly growing, with millenials surpassing the largest generation before them – the Baby Boomers. As Baby Boomers age, the medical field is experiencing a greater demand for their services.
Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals are getting out of their houses to “catch” virtual Pokémon in the real…
Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.
Insurance Market Source regularly taps its network of experts for insight into key trends and developments across the insurance landscape. Here Ken Rice, Director of Underwriting, Atain Insurance Companies, and Michael Muglia, Underwriter, Burns & Wilcox Professional Liability Center of Excellence, tell us what we can expect in the medical professional liability market.
A business is three times more likely to be sued by an employee than experience a fire. In fact, over the last 20 years, employee lawsuits have risen nearly 400 percent, with wrongful termination suits jumping up more than 260 percent.
Any discussion of the state of real estate liability coverage in 2016 inevitably conjures comparisons to the halcyon days of 2006, when new buildings were rising on speculation alone and first-time homebuyers with modest incomes were qualifying for bloated mortgages, with practically no down payment required.
What do the emissions scandal at Volkswagen and cyber security breaches at Home Depot have in common? Both could trigger claims on the company’s Directors and Officers (D&O) insurance policies.
The prevalence of house flipping (buying and reselling a home for profit) has risen across the U.S. Recent reports have found that in many American cities, flipping is back above the record levels set in 2005, two years prior to the mortgage market collapse.
From John McClane crawling through the ventilation system in Die Hard to Ellen Ripley escaping an alien attack in Aliens, Hollywood loves to dramatize HVAC systems. Design professionals know real HVAC system risks—like engineers negligence—do not make it to the big screen and movie scripts.
The last five years have meant rapid change for the healthcare industry: the Affordable Care Act (ACA) was signed into law in 2010; the Medicare Electronic Health Record (EHR) Incentive Programs, also known as meaningful use, were launched in 2011; and this fall, Medicare is changing requirements for how claims are coded. The changing environment…