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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…

Approaches to the Complexities of Habitational Insurance

Approaches to the Complexities of Habitational Insurance

Presented by: Barry Whitton, Managing Director, Burns & Wilcox Brokerage, Amber Carver, Vice President, Associate Managing Director, Burns & Wilcox, and Tyson Peel, Vice President and Director, Property & Casualty, Burns & Wilcox Canada Hosted by: Chris Zoidis, Executive Vice President, H.W. Kaufman Group During this webinar, we discussed: The market overview from both a property and liability perspective The changing dynamics…

Apartment Building Catches Fire Twice in Less than 48 Hours

Apartment Building Catches Fire Twice in Less than 48 Hours

A 16-unit apartment building was decimated and all 50 of its residents displaced after two fires broke out within 30 hours of each other at the Spring Hill Apartments complex in Goose Creek, South Carolina. While no one was injured in the early October blazes, which officials said appeared to be unrelated to one another, the American Red Cross was…

Fire Destroys Jim Beam Warehouse, Bourbon Plume Pollutes Rivers

Fire Destroys Jim Beam Warehouse, Bourbon Plume Pollutes Rivers

On July 2, lightning struck and ignited a fire at two Jim Beam distillery warehouses in Versailles, Kentucky. The fire, fueled by the 45,000 barrels—over 2 million gallons—of bourbon, burned for several days and reduced one warehouse and its contents to rubble. Bourbon from barrels destroyed in the fire flowed from the site into nearby Glenns Creek, the Kentucky River…

Extreme Heat, Power Outages Disrupt Business and Events

Extreme Heat, Power Outages Disrupt Business and Events

Temperatures near and in the triple digits have scorched the U.S. Midwest, Northeast and parts of Canada this month, accompanied by blackouts, extreme weather and other heat-related headaches. On July 19, violent thunderstorms in Michigan cut power to a half million people in the Greater Detroit area. Earlier that day an unexplained explosion and fire at a Madison, Wisconsin, power…

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