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Sustained Labor Shortages Increase Liability Risks to Businesses

Sustained Labor Shortages Increase Liability Risks to Businesses

As labor shortages continue across the U.S., multiple industries are feeling the impact. Recent news reports describe hospitals in Virginia cross-training employees amid a shortage of nurses and other staff, hotel workers in Idaho switching between front desk work and housekeeping duties, and Texas schools starting the new term without enough teachers or bus drivers. The ongoing lack of workers…

Property & Casualty 2021 Q2 Market Overview & Q3 Forecast

Property & Casualty 2021 Q2 Market Overview & Q3 Forecast

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group As the world begins to emerge from the COVID-19 pandemic, it is abundantly clear, the “new normal” will reshape all of our organizations. One of our many goals is to keep you updated on the rapidly evolving insurance marketplace where adjustments have arguably never been more fluid.…

Dozens of Lawsuits Filed After Condo Collapse in Florida

Dozens of Lawsuits Filed After Condo Collapse in Florida

The sudden collapse of the Champlain Towers South condo building in Surfside, Florida on June 24, which tragically caused at least 95 deaths and left 14 residents still missing, has prompted multiple lawsuits against those involved in the beachside residence’s construction and maintenance. As of July 10, at least a dozen suits had been filed on behalf of victims and…

Lawsuit Challenges Nursing Home Immunity as Facilities Look to Post-Pandemic Future

Lawsuit Challenges Nursing Home Immunity as Facilities Look to Post-Pandemic Future

The family of a husband and wife who both died after contracting COVID-19 at a nursing home last year is suing the facility, alleging that it lacked proper staffing, infection control policies and personal protective equipment. William and Martha Ames were both in their late 80s when they were diagnosed with the virus at the Villages of Orleans Health and…

Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site

Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site

Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become a 13-story data sciences building…

Ask the Expert Q&A: Errors & Omissions Insurance

Ask the Expert Q&A: Errors & Omissions Insurance

Professional errors are a risk in any industry and can lead to severe financial loss. To learn more about the Errors and Omissions (E&O) Insurance, we spoke with Kenneth Labelle, Broker, Professional Liability, Burns & Wilcox Brokerage, Chicago, Illinois. What are the greatest risks related to Errors & Omissions? K.L.: There are hundreds of different classes of E&O business, from…

Construction Defects Lawsuit Leads to $17.5 Million Settlement for Condo Association

Construction Defects Lawsuit Leads to $17.5 Million Settlement for Condo Association

The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems with sliding glass doors. As…

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…

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