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Residential Property Insurance Outlook: Trends, Risks & E&S Solutions

Residential Property Insurance Outlook: Trends, Risks & E&S Solutions

Key Takeaways: Catastrophic (CAT) losses in 2024 are estimated at $113 billion, driving increased demand for flexible insurance solutions. California, coastal communities, and other regions at high risk for CAT events continue shifting to the Excess & Surplus (E&S) market, where customized solutions are more readily available. Roof depreciation schedules, exclusions, and buyback options are some of the creative…

Video: Impact of Convective Storms

Video: Impact of Convective Storms

Convective storms are causing major shifts in the homeowners insurance market. In this clip from the Burns & Wilcox Residential Property Webinar, Kate Wright, Associate Vice President, Senior Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Indianapolis, IN, discusses the increasing impact of severe weather, rising insurance costs, and the movement toward E&S solutions for hard-to-place risks. Watch now…

Webinar: E&S Solutions for Residential Property Risks

Webinar: E&S Solutions for Residential Property Risks

The recent wildfires and extreme weather trends are reshaping the Residential Property risk landscape, making it challenging to secure coverage. Understanding today’s evolving market is key to providing the best solutions for your clients. Watch our expert-led webinar, E&S Solutions for Residential Property Risks, now available on demand. Gain valuable insights on: Strategies for securing coverage in high-risk areas How…

Rare Florida Freeze Leads to Costly Home Repairs from Burst Pipes

Rare Florida Freeze Leads to Costly Home Repairs from Burst Pipes

Inside This Article: A rare cold snap in Florida caused extensive plumbing damage, with many homeowners facing costly repairs due to frozen pipes and burst water lines. Each year, around 250,000 homes in the U.S. experience damage from frozen pipes, and a single burst pipe can lead to over $5,000 in repair costs.  Due to Florida’s challenging insurance market,…

Ask the Expert Q&A: Personal Liability Insurance

Ask the Expert Q&A: Personal Liability Insurance

Personal Liability Insurance can help protect individuals from financial losses when they are found liable for causing injury or property damage to others, whether they are renters, high-value homeowners or mid-range property owners. Personal Insurance solutions also cover cherished items like jewelry, recreational vehicles, private collections, or other property coverage. To learn more, we spoke with Kate​​​​ Wright, Associate Vice…

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: Personal Insurance Market Outlook

Video: Personal Insurance Market Outlook

During this webinar, our own Kate Wright provided updates on the Personal Insurance Market in Q2 2024. Watch a highlight from the discussion below. https://vimeo.com/932662022/25b2d4e237?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?  

Insuring the Upside Down: New ‘Stranger Things’ Airbnb Will Have Extra Risks

Insuring the Upside Down: New ‘Stranger Things’ Airbnb Will Have Extra Risks

Vecna, take note: The Byers’ family home will soon have new occupants. A home in Fayetteville, Georgia, that was used in the filming of the hit sci-fi horror series Stranger Things was recently listed for sale for $300,000. It was then taken off the market just one week later after an offer was reportedly accepted for nearly double the asking…

Catastrophic Events: Hurricanes, Storms, and Wildfires

Catastrophic Events: Hurricanes, Storms, and Wildfires

During this webinar, our special guest experts met for a discussion on major catastrophic events across North America, including hurricanes, storms, and wildfires. Featuring: Kate Wright, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Gulf Region Dave Torgerson, President, CEO & Founder, Wildfire Defense Systems, Bozeman, MT Brandon Orr, On-Air Meteorologist, WPLG Local 10 News, Miami, FL…

Ice Dams, Heavy Snow Cause Problems for Property Owners

Ice Dams, Heavy Snow Cause Problems for Property Owners

Heavy snow, built-up ice and fluctuating temperatures have caused headaches and hardships for homeowners and business owners across the U.S. and Canada this winter. In Texas earlier this month, winter storms led to the collapse of a Waco woman’s living room ceiling at the house she was renting and downed multiple trees in Austin, including one that broke through a…

Ask the Expert Q&A: Personal Umbrella & Excess Liability Insurance

Ask the Expert Q&A: Personal Umbrella & Excess Liability Insurance

Being held liable for a serious incident such as a boating accident, dog bite or trampoline injury has the potential to cause financial devastation to individuals who are not properly insured. To learn more about how Personal Umbrella & Excess Liability Insurance can help, Crain’s Content Studio spoke with Kate Wright, Associate Vice President, Regional Practice Group Leader, Personal Insurance,…

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.