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Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector

Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector

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…

Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe

Massive Warehouse Fire Sends Debris Flying Leaving Clean-up Catastrophe

Authorities are continuing to investigate a massive warehouse fire March 4 in Clinton Township, Michigan, that caused “hundreds, if not thousands\" of explosions and sent debris flying more than a mile from the site. Metal debris that projected from the burning warehouse — which reportedly stored combustible materials associated with vaping — lead to one tragic death of a bystander…

Webinar: Habitational Insurance Market

Webinar: Habitational Insurance Market

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

Property & Casualty Report: Eye on 2023

Property & Casualty Report: Eye on 2023

2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

P&C Market Outlook: Eye on 2023

P&C Market Outlook: Eye on 2023

During this webinar, our experts joined for a market outlook into the new year within personal insurance, and commercial property & casualty. On top of discussions surrounding the current and forecasted market conditions, panelists provided creative solutions and tips for agents in this prolonged hard market, including why accessing the E&S market now is more crucial than ever.   https://vimeo.com/786703423/92f333419c

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,…

QVC, Amazon Warehouse Disasters Underscore Risks at Large Facilities

QVC, Amazon Warehouse Disasters Underscore Risks at Large Facilities

A massive fire at a QVC warehouse in Rocky Mount, North Carolina, on Dec. 19 destroyed 75% of the 1.5 million-square-foot facility and killed one worker, according to news reports. The five-alarm blaze rendered the site inoperable and has reportedly prompted the company, a major employer in the area, to plan to lay off all of its more than 1,900…

Ask the Expert Q&A: Commercial Property Insurance

Ask the Expert Q&A: Commercial Property Insurance

A surge in online shopping during the pandemic has increased the demand for large warehouses and distribution centers. It is one of the prominent shifts currently affecting the Commercial Property Insurance market. To learn more, Crain’s Content Studio spoke with Barry Whitton, Managing Director, Broker, Property, Burns & Wilcox Brokerage, Atlanta, Georgia. What are the greatest risks for commercial property…

Property & Casualty Market Overview & Forecast: Eye on 2021

Property & Casualty Market Overview & Forecast: Eye on 2021

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group As reported in our earlier quarterly overviews, 2020 was unparalleled from any vantage point. Beyond the onset of a global pandemic early in the year, rates were already rising, capacity was being deployed much more acutely, and terms & conditions were being underwritten more vigorously as the…

Eye on 2021: Property Insurance Overview

Eye on 2021: Property Insurance Overview

https://vimeo.com/504852553/d597ac009c

Eye on 2021: Specialty Insurance Overview

Eye on 2021: Specialty Insurance Overview

This webinar includes a high-level overview of market conditions and expert insight on: Personal Insurance Professional Liability Commercial Insurance Casualty Brokerage Property Brokerage Carrier Perspective Featuring: Blaise D’Antoni, Executive Vice President, Burns & Wilcox, David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox, Bill Gatewood, Corporate Senior Vice President, National Personal Insurance Practice Leader, Burns…

Ask the Expert Q&A: Habitational Insurance

Ask the Expert Q&A: Habitational Insurance

Apartment complex owners and property managers are operating in a competitive industry with shrinking profit margins and a hardening Habitational Insurance market. To learn more, we spoke with Barry Whitton, Managing Director, Burns & Wilcox Brokerage, Atlanta, Georgia. What are the greatest risks facing apartment complex owners and property managers? B.W.: Historically, the most common losses faced by this industry…

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