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P&C Report: 2024 Q2 Outlook

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…

Video: Property & Casualty Market Outlook

Video: Property & Casualty Market Outlook

During this webinar, our own Bonnie Steen provided updates on the P&C Market. Watch a highlight from the discussion below. https://vimeo.com/932655131/346bf382e0?share=copy

Webinar: P&C Market Outlook – Q2 2024

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?  

The State of the Hospitality Market

The State of the Hospitality Market

During this webinar, our experts met for a discussion on the state of the Hospitality Insurance market and the residual effects of the COVID-19 pandemic, the resurgence of business, and tips for agents and brokers. Featured Experts: Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, LA Barry Whitton, Managing Director, Broker, Property, Burns & Wilcox Brokerage, Atlanta,…

Ask the Expert Q&A: Restaurant Hospitality Insurance

Ask the Expert Q&A: Restaurant Hospitality Insurance

Businesses in the hospitality industry face a variety of property and liability risks. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, Louisiana. What are some of the greatest risks today for restaurant hospitality businesses? B.S.: From a property standpoint, one of…

Restaurant Labor Shortages Strain Recovery Efforts, Escalate Risks

Restaurant Labor Shortages Strain Recovery Efforts, Escalate Risks

Despite moderately increased sales and rising consumer confidence in the safety of dining out, restaurants in the U.S. and Canada are still facing a major hurdle in their efforts to reopen: they do not have enough workers. Restaurants employed 1.5 million fewer workers in May of this year compared to pre-pandemic levels, TIME magazine recently reported, and one survey found…

Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather

Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather

Parts of Texas and Oklahoma are still assessing the toll of destruction after hail reportedly as large as softballs left swaths of damages to homes, cars and other property on April 28. The day was expected to be declared a \"billion-dollar hail loss day\" in the U.S.: according to the federal Storm Prediction Center, there were 38 reports of severe…

Property & Casualty 2021 Q1 Market Overview & Q2 Forecast

Property & Casualty 2021 Q1 Market Overview & Q2 Forecast

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group Following the release of our Burns & Wilcox Property & Casualty Market Overview and Forecast: Eye on 2021 report last quarter the already challenged Commercial and Personal insurance marketplace was greeted with yet another extraordinary event—Winter Storm Uri (February 13-17). The widespread impact resulted in over 170…

Eye on Q2: Commercial Property Insurance Overview

Eye on Q2: Commercial Property Insurance Overview

After being hit with large Catastrophic Property losses at the beginning of 2021, and an active storm season approaching, Commercial Insurance expert Bonnie Steen provides insight on what to expect in Q2. Watch the full Eye on Q2: Commercial Property Insurance Overview below. https://vimeo.com/540349151/8672ca514d    

Eye on Q2: Specialty Insurance Overview

Eye on Q2: Specialty Insurance Overview

Watch as our experts provide an outlook into the second quarter of 2021. We also review the year so far and how the biggest news stories impacted the insurance industry. During this webinar, we discuss: Flood Cyber Healthcare Commercial Property https://vimeo.com/534601820/0a594f3e59

The Hospitality Sector: Adapting to a Changing Environment

The Hospitality Sector: Adapting to a Changing Environment

Presented by: Bonnie Steen, Vice President, Associate Managing Director, Burns & Wilcox, Tyson Peel, Vice President, Director, Property and Casualty, Burns & Wilcox Canada, Marc Adler, Managing Director, Burns & Wilcox Brokerage This webinar discusses: State of the Hospitality market today Underwriting approach for specific coverages Must-haves required to secure coverage https://vimeo.com/436922672/3e3c2c1ea8

More Bars, Restaurants Can Now Deliver Alcohol, Shifting Liability Risks

More Bars, Restaurants Can Now Deliver Alcohol, Shifting Liability Risks

A bill that would allow home delivery of alcoholic beverages in Georgia is moving forward after it won approval in the Georgia House of Representatives on June 25. House Bill 879, headed to Governor Brian Kemp for consideration within 45 days, would permit stores and some restaurants to provide home delivery of beer, wine and liquor. Virginia’s state-run liquor agency,…

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