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Video: Exposure Scenario – Allied Healthcare

Video: Exposure Scenario – Allied Healthcare

Allied healthcare professionals face unique risks that can lead to costly claims, even when accidents happen unexpectedly. In this short video, Rahmad Bauldrick, Associate Vice President, Regional Practice Group Leader, Professional, Burns & Wilcox, Chicago, IL, unpacks a real-world exposure scenario and explains how the right liability coverage keeps professionals protected. https://vimeo.com/1074770733/ea53757dc4?share=copy

Cosmetic Treatment Gone Wrong: The Rising Risks in Medspas

Cosmetic Treatment Gone Wrong: The Rising Risks in Medspas

Inside This Article: A woman reportedly suffered multiple infections after receiving injections of a filler at a medical spa in Philadelphia. More medical spas in the U.S. and Canada are offering increasingly complex procedures, potentially heightening the risk of a malpractice claim. When a medspa is sued, the facility’s Professional Liability Insurance can cover legal defense and indemnity payments.…

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.  

Lawsuit Alleges Assisted Living Facility Covered Up Neglect with False Records

Lawsuit Alleges Assisted Living Facility Covered Up Neglect with False Records

An assisted living facility in Shrewsbury, Massachusetts, is facing a lawsuit from the estate of a resident over concerns about the quality of care she received before her tragic passing. The wrongful death lawsuit, filed on January 3, alleges that the woman fell in her bedroom at The Residence at Orchard Grove and was left on the floor for at…

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…

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…

Weight Loss Treatments Spurring High Demand, Exponential Growth at Medspas

Weight Loss Treatments Spurring High Demand, Exponential Growth at Medspas

As medical spas continue to grow in the U.S. and Canada, one type of service appears to be in high demand: weight loss treatments. With well-known drugs like Ozempic and Wegovy in short supply in many areas, some medspas have been filling the gap by offering semaglutide injections to their customers. Recent reports highlight medspas in Iowa, Missouri and other…

P&C Report: 2024 Q3 Outlook

P&C Report: 2024 Q3 Outlook

The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…

P&C Report: 2024 Q2 Outlook

P&C Report: 2024 Q2 Outlook

Following several years of double-digit rate increases and restrictive adjustments to Terms and Conditions (T&C), the Property Insurance sector has reached a point of relative stability. Rates are largely modest as insurers secure the required premium, now applying rates against a proper exposure basis—Insurance to Value (ITV). With few exceptions of traditional CAT-prone perils in specific geographies, most carriers are…

Market Overview: Telehealth Continues to Evolve and Shape the Healthcare Insurance Industry

Market Overview: Telehealth Continues to Evolve and Shape the Healthcare Insurance Industry

The practice of telemedicine—healing at a distance—dates back over a century and has come a long way since. In 2023, the telehealth industry market value was estimated at $194 billion and is projected to rise to nearly $870 billion by 2030, according to the February 2021 Telehealth Market Research Report by Market Research Future. It comes as no surprise that…

Patient Safety Concerns Intensify as Med Spa Industry Booms

Patient Safety Concerns Intensify as Med Spa Industry Booms

Experts are sounding the alarm over the risk of infections and other negative outcomes that patients could face after receiving treatments at medical spas, or med spas, which have boomed in popularity in recent years. According to a recent NBC News report, physicians are seeing more adverse reactions linked to the facilities and there are growing concerns over the clinics…

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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.