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Fire at Historic Mackinac Island Home Causes $1 Million in Damages

Fire at Historic Mackinac Island Home Causes $1 Million in Damages

A historic home on Michigan’s famed Mackinac Island caught fire on May 30, leaving more than $1 million in damages to the 120-year-old cottage. No one was injured in the blaze, which was reportedly caused by a chimney failure that occurred about two hours after a fireplace was lit on the home’s first floor. Fire officials described the roof 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…

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…

Upcoming Webinars

Upcoming Webinars

Wildfire Defense with David Torgerson, President of Wildfire Defense Systems Thursday, June 24, 2021 at 1:30 PM ET Get insight into the 2021 Wildfire Season with our special guest David Torgerson, President of Wildfire Defense Systems. Topics include: Forecasting the 2021 Wildfire Season Learnings from past wildfire activity Review of the Wildfire Defense Systems partnership with Burns & Wilcox Update…

Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather

Billion-Dollar Hail Loss Underscores Risk of ‘Unpredictable’ Severe Weather

Parts of Texas and Oklahoma are still assessing the toll of destruction after hail reportedly as large as softballs left swaths of damages to homes, cars and other property on April 28. The day was expected to be declared a \"billion-dollar hail loss day\" in the U.S.: according to the federal Storm Prediction Center, there were 38 reports of severe…

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: Flood Insurance Overview

Eye on Q2: Flood Insurance Overview

Looking ahead into 2021, the Flood Insurance Market should anticipate multiple changes. According to Brad Turner, “The Private Flood market should have the opportunity to compete across a lot of segments it wasn’t able to before, under the new NFIP Rating 2.0, because the market will have a greater understanding of pricing and awareness of exposure.” Watch the full Eye on Q2:…

Meeting the Demand of an Accelerating Construction Market

Meeting the Demand of an Accelerating Construction Market

Construction-related risks and Construction Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox and Burns & Wilcox Brokerage. As construction activity picks up across the U.S. and Canada after a challenging 2020, general contractors and other professionals in the industry are navigating changes in the Construction Insurance marketplace. In fact, construction is one of…

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

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

President Biden’s Dog ‘Major’ Involved in Second Biting Incident

One of the White House’s two canine residents was involved in a biting incident on March 29: the Bidens’ German Shepherd, Major, reportedly nipped at a National Park Service employee during a walk on the White House South Lawn. The employee was assessed by the White House medical unit and returned to work without injury. The incident has dominated national…

Meeting Demand of an Accelerating Construction Market

Meeting Demand of an Accelerating Construction Market

Our experts gathered to discuss the Construction market, dynamics depending on region, and the key verticals within the industry. View the webinar below to learn about: The economic impact on the state of the market How the market differs across the country Problematic classes of business, excess liability and builders risk   https://vimeo.com/525800398/abd7eac0c0

Ask the Expert Q&A: Construction Insurance

Ask the Expert Q&A: Construction Insurance

From job site accidents to construction defects, the construction industry encompasses a wide range of perils. To learn more about Construction Insurance, we spoke with Susie Parks, Vice President, Broker, Casualty, Burns & Wilcox Brokerage, Scottsdale, Arizona. What are the greatest risks currently facing contractors in the construction industry? S.P.: Unfortunately, due to the economic fallout from COVID-19, and other…

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