Intel

Key Takeaways The Property market is softening: rates are down, terms are broader, deductibles are lower, and capacity is expanding. The Casualty market remains firm, with rising rates and tighter terms driven by social inflation and nuclear verdicts. Catastrophic perils—especially wildfire and wind—continue to drive demand for specialized solutions such as Wrap programs, wind pools, and deductible buy-downs. Ordinance & Law, Equipment Breakdown, and Habitability Insurance are often…

From navigating key endorsements and exclusions—like pollution and dog breed restrictions—to proactively reviewing lease agreements and carrier requirements, Nicholas Freeman, Associate Managing Director, Broker, Casualty, Burns & Wilcox, Brokerage Division, North Dallas, Texas, explains how upfront information and clear communication can help unlock broader coverage options and streamline the General Liability quoting process for Habitational properties. https://vimeo.com/1139408968/94aabea6c0?share=copy&fl=sv&fe=ci

Gain timely insights into the evolving Habitational Insurance market with our latest on-demand webinar. This session delivers updates on market trends, emerging risks, and creative E&S solutions for challenging exposures. https://vimeo.com/1139052191/0d0ea829a4?share=copy&fl=sv&fe=ci

Inside This Article: Moderna is suing a construction firm for $10 million because of alleged defective work resulting in extensive water leaks, mold and structural damage. The lawsuit claims construction firm The Gutierrez Co. failed in the “design and construction” of the building’s core and shell, causing multiple issues. Non-weather-related water damage is a common issue for commercial properties,…

The U.S. is faced with an apartment shortage that is expected to get worse before it gets better. This is placing significant stress on the Habitational Insurance market with high demand for rental housing. According to the National Multifamily Housing Council and the National Apartment Association, the U.S. will need an additional 4.3 million apartments between now and 2035 to…

During our Habitational Insurance Market webinar, our own Nicholas Freeman joined us to provide tips for brokers and agents facing challenges in the marketplace. Watch a highlight from the discussion below. https://vimeo.com/915333303/d79c637867?share=copy

During this webinar, our experts met for a discussion on the current state of the Habitational insurance market. Watch as they explore current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/914913271/243f209a8e?share=copy

A construction crane accident in New York City tragically injured 11 individuals and shut down traffic July 26 after the crane burst into flames 45 stories above ground. The top portion of the crane, which was lifting 16 tons of concrete at the time as it worked on a 54-story building in Midtown Manhattan, struck a neighboring building as it…

As cranes and scaffolding dominate skylines in major cities across the U.S., it is clear that the construction industry is bustling in many areas. To learn how Construction Insurance helps protect construction companies, Crain’s Content Studio spoke with Nicholas Freeman, Associate Managing Director, Broker, Casualty, Burns & Wilcox Brokerage, North Dallas, Texas. What are the greatest risks in the construction…

Dozens of students from Clemson University in South Carolina were evacuated from an off-campus apartment complex on Oct. 25 due to a carbon monoxide leak that left some residents seeking medical attention for headaches and nausea after possible exposure to the gas. The leak, which may have originated in a main floor retail space where construction work had just been…

Cleanup and investigation efforts are underway at the site of the Forbes Avenue Bridge in Pittsburgh, Pennsylvania, after the bridge collapsed on Jan. 28. A city bus and several other vehicles were on the bridge when it came crashing down, injuring 10 individuals in a terrifying ordeal that left motorists fearing for their lives. The 447-foot bridge, which was built…

A road construction worker was tragically killed on I-94 in Michigan on Aug. 27 after a semi-truck struck the crane that the worker was operating. According to Michigan State Police, the worker was completing bridgework on an overpass near Paw Paw and had attempted to jump from the equipment before it was hit by the semi-truck. The worker died at…