Intel

A fire forces a neighborhood restaurant to close for months. While Property Insurance helps cover repairs to the dining room and kitchen and replace damaged equipment, the owner had no protection for lost revenue, ongoing expenses, or payroll. In this short video, Bonnie Steen, Regional Vice President, Managing Director, Burns & Wilcox, New Orleans, Louisiana, explains how Business Income Insurance can help restaurants…

Inside This Article: A $290,000 report produced by Deloitte for the Australian government contained alleged AI-generated errors, including fabricated citations. The firm agreed to partially refund the government after the inaccuracies were identified. AI mistakes are a growing risk across U.S. industries as more companies integrate generative technology. Companies should review how their Errors & Omissions (E&O) Insurance and Directors & Officers…

Carrier appetites, pricing strategies, and risk management are all shifting in today’s Commercial Insurance market. Explore how inflation, CAT events, and technology are reshaping coverage—and see how Burns & Wilcox delivers exclusive solutions for complex risks.

Inside This Article: A ceiling collapse at Flyers Wings and Grill in Pine Hills, Florida, injured a woman while she was dining with her 2-year-old daughter, highlighting the unpredictable risks restaurants face. Hospitality industry liability claims are rising in frequency and cost, driven by higher medical and legal expenses, as well as increased litigation. Commercial General Liability (CGL) Insurance…

With shifting carrier appetites, emerging risks, and the expanding role of the Excess & Surplus (E&S) sector, brokers and agents must remain agile and informed. This session will provide timely insights to help you navigate the fourth quarter and prepare for 2026. Topics include: The latest trends and challenges across each line of business How admitted carriers are reentering previously…

Inside This Article: Adidas confirmed a cyber incident earlier this year that involved the release of personal consumer data. The breach reportedly occurred after hackers gained access through an external vendor that performed customer service operations. Experts say cyber criminals are exploiting the security gaps of smaller third-party vendors, posing growing risks for the companies that rely on them. …

The hospitality industry is facing challenges due to a tightening insurance market, which is a result of increasing claim costs and the withdrawal of many admitted carriers. To gain insights into how Excess & Surplus (E&S) insurance is responding to these issues, we spoke with Aaron Pfister, Associate Managing Director and Underwriter at Burns & Wilcox in Scottsdale, Arizona. Why…

Key Takeaways: Property & Casualty (P&C) market conditions are stabilizing, with increased competition and moderating rates—though CAT-prone regions remain volatile. Excess & Surplus (E&S) carriers remain vital for distressed sectors like Habitational, Hospitality, and Liquor Liability, even as admitted carriers return to select segments. Severe weather is reshaping risk, as seen in recent Texas flooding and California wildfires earlier…

Inside This Article: A 20-year-old fan fell from the stands at PNC Park in Pittsburgh during a Pirates-Cubs game on April 30, suffering critical injuries. The man’s 21-year-old friend was charged with providing alcohol to a minor after allegedly buying him beer at the stadium. Stadiums that face claims or lawsuits over guest injuries typically have coverage under their…

Inside This Article: Moderna is suing a construction firm for $10 million because of alleged defective work resulting in extensive water leaks, mold and structural damage. The lawsuit claims construction firm The Gutierrez Co. failed in the “design and construction” of the building’s core and shell, causing multiple issues. Non-weather-related water damage is a common issue for commercial properties,…

Key Takeaways: Rates are beginning to stabilize or even decline in some non-CAT areas. Market capacity remains healthy, particularly in non-admitted spaces, although often through layered placements, which are becoming more common. Carriers are increasing reliance on exclusions and higher deductibles to manage risk. Wildfire and convective storm risks are driving significant change in both Personal and Commercial Insurance.…

Inside This Article Architecture firm Cooper Carry is being sued by the owner of a Hilton hotel project for delays that reportedly led to $26 million in additional costs. When facing litigation, architects may incur significant defense costs and rectification expenses, in addition to reputational damage. Lawsuits against design professionals can be covered by Architects & Engineers Professional Liability…