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P&C Report: 2025 Q2 Outlook

P&C Report: 2025 Q2 Outlook

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.…

$26M Lawsuit Highlights the Steep Risk of Design Delays for Architects

$26M Lawsuit Highlights the Steep Risk of Design Delays for Architects

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…

Video: E&S Solutions for Professional Liability Insurance

Video: E&S Solutions for Professional Liability Insurance

Watch below as Matt Baxter, Director, Professional Liability, Burns & Wilcox Brokerage, Atlanta, GA, explains why exploring E&S options for Professional Liability—even when admitted markets are available—can uncover creative solutions and key coverage enhancements for your clients. https://vimeo.com/1073992292/e09876084f?ts=0&share=copy For more insights, watch the full P&C Market Outlook Q2 2025 webinar recording.

Professional Liability Updates: Q1 2025

Professional Liability Updates: Q1 2025

The Professional Liability Insurance market remains stable, with some soft spots and abundant capacity. See below to learn how the rise in Cyber risks, growth in Architects & Engineers, and increasing claims in Healthcare are shaping 2025.  

P&C Report: 2025 Forecast

P&C Report: 2025 Forecast

KEY TAKEAWAYS: The January wildfires in southern California affected areas not typically prone to such risks, making the situation particularly alarming for insurers and residents alike. Despite challenges, the Excess & Surplus (E&S) market is expected to continue growing, although at a slower pace when compared to recent years. As we move into 2025, small businesses may see modest…

Homeowner Sues Real Estate Brokerage Over ‘Fraudulent’ Practices

Homeowner Sues Real Estate Brokerage Over ‘Fraudulent’ Practices

A Florida homeowner is suing real estate brokerage eXp Realty and several of its executives, alleging the company allowed an agent to act as contractors on properties they represent, violating company policy. Filed in federal court in Miami, the lawsuit accuses eXp of fraud, conspiracy, and negligence, claiming over $700,000 in damages. According to HousingWire, eXp has called the claims…

Video: Professional Liability 2025 Market Outlook

Video: Professional Liability 2025 Market Outlook

Amid a soft but stable market, Andy Wood, Vice President, National Professional Liability Practice Leader, Burns & Wilcox, Chicago, IL, shares insights from the Eye on 2025 P&C Webinar on balancing growth, underwriting discipline, and why price isn’t the only factor in Professional Liability insurance. https://vimeo.com/1047143462/e6da62e385?share=copy For additional E&S intel, watch the full webinar recording here.

Lawsuit Claims HOA Responsible for ‘Lake’ in Backyard, Damage After Hurricane

Lawsuit Claims HOA Responsible for ‘Lake’ in Backyard, Damage After Hurricane

A Florida homeowner is blaming their homeowners association (HOA) for hurricane damage, claiming that a dry retention pond located behind the home worsened flooding during the storm, creating a “lake” in the homeowner’s backyard. The owner claims the pond was overgrown and poorly maintained and inquired about whether the HOA could be held liable for the storm damage, The Cool…

Ask the Expert Q&A: Management Liability Insurance

Ask the Expert Q&A: Management Liability Insurance

Companies today face a multitude of workplace-related liabilities. Employment practices, financial decisions and even cybersecurity threats can expose them to potential risks. To learn more about Management Liability and the types of policies available to protect against these threats, we spoke with David Andreas, Senior Broker, Professional Liability, Burns & Wilcox, San Francisco, California. What are the greatest risks in…

P&C Updates: Q4 2024 Market Watch

P&C Updates: Q4 2024 Market Watch

The insurance market faces a dynamic future, with a steady shift toward non-admitted markets, unpredictable CAT events and Liability concerns poised to reshape the landscape. Click below for quick insights into Personal, Commercial and Professional Insurance.

P&C Report: 2024 Q4 Outlook

P&C Report: 2024 Q4 Outlook

Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation…

Tips for Brokers & Agents: Cyber Insurance

Tips for Brokers & Agents: Cyber Insurance

Building a book of business in the Cyber Insurance sector takes time. Still, demand and capacity give brokers and agents opportunities to become subject matter experts and trusted advisors for their clients. Discover top tips on how to be successful in the Cyber Insurance market below.

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.