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Hospitality Insurance Market Overview: Liability Trends, Emerging Exposures, and Placement Strategies
Key Takeaways: Liquor Liability remains one of the most challenging coverages in the Hospitality market, driven by reduced carrier capacity, tightening limits, and ongoing rate pressure. Jurisdictional differences continue to drive underwriting outcomes, particularly for Liquor Liability risks in areas with strict dram shop laws, such as South Carolina, Alabama, Louisiana, and Washington, D.C. Emerging exposures, including human trafficking, THC/CBD beverages,…
Hospitality Insurance Opportunities: Hotels
Opportunities are emerging in the hotel sector. In this clip from our recent Hospitality Insurance webinar, Nicholas Enriquez, Associate Managing Director, Burns & Wilcox Brokerage, Scottsdale, AZ, discusses renewed carrier appetite for hotel risks, key underwriting considerations, and what brokers and agents should watch as market conditions evolve. https://vimeo.com/1219665964/c0bd9c711f?share=copy&fl=sv&fe=ci
Webinar: Hospitality Insurance – Market Conditions, Liquor Liability, and Risk Management Strategies
Hospitality risks remain among the most challenging classes to place due to evolving liability exposures, capacity constraints, and varying underwriting requirements across jurisdictions and risk profiles. In this webinar, Burns & Wilcox experts discuss market conditions, Liquor Liability, and emerging exposures such as CBD and THC beverages, virtual reality venues, guest safety risks, and vacation rentals. They also share risk management best practices and submission strategies that…
Lawsuit: Customers ‘Severely’ Injured by Falling Antlers at LongHorn Steakhouse
Inside This Article: A couple in Tennessee recently filed a lawsuit against a restaurant after allegedly being injured when decorative antlers mounted on a wall fell on them. The hospitality industry is seeing an increase in the frequency and severity of injury claims. Commercial General Liability (CGL) Insurance can respond to customer injury incidents but may not keep pace with…
Market Overview: Despite a Tight Market, Demand for Construction Insurance Remains High
The Construction industry has functioned in a tight market for the last several years, although rates have recently stabilized. Flat to modest rate increases are common outside of a consistent group of challenging sectors that offer tight capacity and double-digit rate increases. Despite this relatively tight environment, demand for Construction Insurance remains high. Money is being pumped into Midwestern U.S.…
Video: Challenges in the Construction Insurance Market
During this webinar, our own Nicholas Enriquez provided insights on challenges in the Construction Insurance Market. Watch a highlight from the discussion below. https://vimeo.com/989142283/1353a90638?share=copy
Webinar: The Construction Insurance Market
During this webinar, our expert panel reviewed the current state of the construction market along with strategies for success. Watch now below. https://vimeo.com/986654786/b4a5aa663a?share=copy
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