Intel

The state of the professional liability market for contractors includes both challenges and opportunities. While the market is generally stable, there has been a recent increase in the severity of claims which has increased the costs of settling them. Today claims regularly take one year or longer to finalize. Added pressure is placed on the market in the form of…

We have seen few changes in the Property & Casualty (P&C) marketplace from Q1 through Q2 of 2023, however, the broader picture is becoming clearer now that 2022 year-end financial filings are available. According to ALIRT Insurance Research, the discrepancy between Personal and Commercial Lines Composite underwriting is historically wide. Namely, the Personal Lines Composite combined ratio of 109 percent…

When a business or professional’s services unintentionally lead to a third party’s financial loss, Errors & Omissions (E&O) Insurance can provide important coverage to help limit the impact. To learn more about this type of insurance and why it is important for businesses and professionals, we spoke with Steele Hutto, Senior Broker, Professional Liability, Burns & Wilcox Brokerage. Who should…

From large general contractors to small specialty contractors, the construction landscape is changing. During this webinar, we gathered to discuss how these changes in design-build and specialty areas can increase your clients\' exposures, along with tips on how to mitigate these risks. https://vimeo.com/811031674/e202360f8c

Residents of a New York City apartment building are claiming in a lawsuit that construction on a neighboring office building caused their property to sink almost an inch into the ground, leading to cracks and separation in multiple apartment units and forcing some residents to move out, Commercial Observer recently reported. Filed in New York County Supreme Court by the…

An architectural firm in Riverton, New Jersey, will pay $450,000 to settle a federal lawsuit over the design of eight senior living communities that allegedly did not meet accessibility requirements. According to a Sept. 28 consent order released by the Department of Justice, J. Randolph Parry Architects was accused of engaging in discrimination by failing to comply with Fair Housing…

Owning a home or purchasing a commercial building is no longer as affordable as it once was, which is one of the overriding trends impacting the real estate insurance market. While it has been tight the first half of 2022, rising interest rates may slow the overheated real estate sector a bit, further stabilizing it at a macro level. It…

As students head back into classrooms for the start of a new academic year, an ongoing teacher shortage in both the U.S. and Canada means many schools are operating with a high number of job vacancies — and, in some cases, turning to unusual hiring tactics to help fill the gaps. A new program in Florida will allow military veterans…

Millions of honeybees tragically died on a hot airport tarmac in Atlanta after a series of mistakes that occurred while the bees were being shipped from California to Alaska. According to reports, the 800-pound shipment of bees could not be accommodated on its original Delta Air Lines flight due to an aircraft change that rerouted the bees to Atlanta, where…

During this webinar, our experts met for a discussion on Management Liability and E&O as it relates to the risks associated with remote operations, labor shortages, and staffing companies. We discussed key coverage considerations and exclusions.

Supply chain shortages linked to seaport backlogs, a lack of truck drivers and other constraints could mean toy stores are unable to keep up with holiday shopping demands this year, setting up business owners and consumers for a season that some say will be “unlike any other.” Although President Joe Biden told retailers Nov. 29 that the White House would…

The accidental shooting that resulted in the tragic death of cinematographer Halyna Hutchins on the set of the film Rust could lead to a “tremendous legal fallout,” Time magazine recently reported. Reports indicate that Hutchins died after producer and actor Alec Baldwin fired a prop gun that contained a live round. Director Joel Souza was also injured in the shooting…