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Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

As we enter the long-awaited season of Spring which conjures up thoughts of new beginnings, I draw parallels to the Excess & Surplus (E&S) Insurance industry. Several years of disciplined underwriting, including increased rates, adjusted limit deployment, and careful tweaking of policy language, coupled with a tamping of COVID-19 restrictions is resulting in this renewed sense of optimism. Carriers are…

Historic Labor Shortage Creates ‘Brutal’ Situation in Nursing Homes

Historic Labor Shortage Creates ‘Brutal’ Situation in Nursing Homes

A historic labor shortage is continuing to challenge long-term care facilities, where workers are dealing with high levels of burnout, reduced one-on-one time with patients and other strains, a recent NPR report detailed. The conditions are “brutal,” the president of the largest nonprofit senior housing provider in the U.S. told NPR, and researchers are warning that the situation could have…

Children Given COVID Vaccine Instead of Flu Shot at Walgreens Pharmacy

Children Given COVID Vaccine Instead of Flu Shot at Walgreens Pharmacy

A family of four was reportedly vaccinated against COVID-19 by mistake on Oct. 4 when they tried to get their annual flu shots at a Walgreens pharmacy in Evansville, Indiana. The parents claim that shortly after they and their 4- and 5-year-old children received what they thought was the flu vaccine, a pharmacist called to explain that they all had…

Changing Conditions Impacting the Specialty Healthcare Insurance Market

Changing Conditions Impacting the Specialty Healthcare Insurance Market

Our experts met for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. During this webinar, we discuss: The silos of the medical industry The new and emerging risks, including telemedicine and urgent care centers Challenges facing the healthcare market   https://vimeo.com/553094170/e4d82cafe2

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: Professional Liability Insurance Overview

Eye on Q2: Professional Liability Insurance Overview

https://vimeo.com/540831013/68bf089ea1

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

Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

Prolonged Pandemic Strains Health Care Providers, Heightens Error Risks

More than a year into the COVID-19 pandemic, the relentless pressure on health care workers continues to exact a toll. Just this month, dozens of nurses at St. Vincent Hospital in Massachusetts went on strike to protest staffing shortages; a physicians union in Washington state staged protests over alleged safety violations and staffing shortages; and a national nurses union raised…

Ask the Expert Q&A: Healthcare Insurance

Ask the Expert Q&A: Healthcare Insurance

Healthcare professionals and facilities operate with significant risks, particularly during a pandemic. To learn more about evolving coverage needs and available options in Healthcare/Medical Facilities Insurance, we spoke with Karl Olson, Vice President, Professional & Management Liability Practice Leader, Burns & Wilcox Brokerage, San Francisco, California. What are the greatest risks currently faced by healthcare systems and providers? K.O.: The…

Professional Liability Insights: Senior Living Facilities

Professional Liability Insights: Senior Living Facilities

Presented by: Margaret Karnick, Senior Underwriter, Professional Liability, Burns & Wilcox, and Karl Olson Vice President, Professional and Management Liability Practice Leader, Burns & Wilcox Brokerage Hosted by: David Derigiotis, Corporate Senior Vice President, National Professional, Liability Practice Leader, Burns & Wilcox This webinar discusses: The hardening insurance market for Senior Living Facilities How an underwriter evaluates facilities risks today…

As Healthcare Industry Evolves, Michigan’s Largest System Reports Second Breach in 12 Months

As Healthcare Industry Evolves, Michigan’s Largest System Reports Second Breach in 12 Months

Michigan’s largest healthcare system recently announced a data breach that may have compromised 6,000 patients’ protected health information. The breach reportedly occurred after six employee email accounts were exposed in a phishing scam in January. The eight-hospital network with 167 outpatient locations, notified patients on July 28 of a “data security incident” that could have exposed patient names, dates of…

Physician Pleads Guilty in $1.2 Billion Medicare Billing Fraud Scheme

Physician Pleads Guilty in $1.2 Billion Medicare Billing Fraud Scheme

Dr. Joseph DeCorso entered a guilty plea in New Jersey federal court on September 12, on charges he allegedly conspired to commit $13 million in Medicare fraud by prescribing medically unnecessary orthotic braces while working for two telemedicine firms between July 2017 and March 2019. He also agreed to pay $7 million in restitution to the government. DeCorso’s sentencing is…

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