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$100M+ Thermonuclear Verdicts Drive Demand for Excess Liability Coverage
Inside This Article: Nuclear verdicts, or those exceeding $10 million, reached a 15-year high in 2023, a recent study indicates. Thermonuclear verdicts, or jury awards of $100 million or more, are also on the rise, especially in the Transportation sector. Litigation costs continue to rise, exposing businesses to losses that can exceed standard insurance policy limits. Many companies need…
California Wildfire Recovery: A Guide to Insurance Claims, Rebuilding
Wildfires continue to affect communities throughout Los Angeles County, California, leaving unimaginable loss in their paths. Wildfire crises leave many questions and challenges for those affected, and, at Burns & Wilcox, we are here to help as the community approaches how to recover. As some homeowners begin the process, navigating insurance claims may feel overwhelming. For brokers and agents in…
How to Navigate Insurance Claims, Uncertainty with Hurricanes Milton, Helene
As communities across the Southeast recover from the devastating impacts of Hurricane Helene, they now face another storm: Hurricane Milton. “The circumstances are tragic,” said Rick Sforzo, Senior Director, Claims Services, Burns & Wilcox, Atlanta, Georgia. “Our thoughts and prayers are going out to everyone there affected by these storms, and certainly those that have been affected by the multiple…
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