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Ask the Expert Q&A: Commercial Casualty Insurance for the Hospitality Industry
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…

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…

Video: Commercial Casualty 2025 Market Outlook
From liquor-driven Hospitality risks to shifting trends in Habitational and Construction, Bryant Steele, Regional Vice President, Upper Midwest, Burns & Wilcox, Chicago, IL, shares key insights on navigating the hardening Casualty market in this Eye on 2025 P&C Webinar segment. https://vimeo.com/1047143645/a655831012?ts=0&share=copy For additional E&S intel, watch the full webinar recording.

Webinar: Eye on 2025: Navigating the Evolving E&S Insurance Landscape
The wildfires in Southern California have deeply affected countless individuals, underscoring the devastating consequences of severe weather conditions. Our thoughts are with those impacted and the first responders working tirelessly to safeguard lives and communities. In our regularly scheduled Eye on 2025: Property and Casualty (P&C) webinar, our expert panel expressed their support for those affected by the wildfires and…

Burn Hazards from Temu Hoodie Put Spotlight on Product Liability
A glow-in-the-dark sweatshirt sold on Temu was recently recalled after the report of a child suffering serious burn injuries from the garment. The item, sold on the discount online marketplace on behalf of Sunshine Towels, carries a risk of \"serious burn injuries if exposed to heat or a flame source,\" according to the recall notice, issued by Product Safety Australia,…

115 Sickened, 13 Hospitalized: Lawsuits Mount Against Catering Company in E. Coli Case
A catering company in Missouri is facing at least four lawsuits after an E. coli outbreak sickened more than 100 individuals, including multiple students from schools in St. Louis County. The outbreak was initially linked to five different events catered by the company between Nov. 6-9, including two school band events, two funerals and a veterans’ event, KSDK-TV reported. [lgc_column…

Ask the Expert Q&A: Environmental Insurance
Every business runs the risk of an environmental loss, yet many business owners are unaware of the potential threat. To learn more about Environmental Insurance, we spoke with Gina Jones, Vice President, Director, Environmental Programs, Burns & Wilcox, Denver, Colorado. What are some of the greatest environmental risks faced by companies today? G.J.: Environmental risk is so broad and encompasses…

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.

$4.7 Million Overage Sparks Lawsuit Against Architect Over ‘Defective’ Plans
The Indianapolis Public Transportation Corporation recently filed a lawsuit against Dallas-based architectural firm AECOM over construction plans that it claims were \"inadequate, inaccurate and defective.\" According to Fox59 News, the lawsuit alleges the architect responsible for the Julia M. Carson Transit Center in downtown Indianapolis did not properly account for the project’s archaeological work, only setting aside five days for…

$15.3 Million in Lawsuits Target Trucking Company After Party Bus Crash
A transportation company based in Illinois is being sued for $5.3 million following a devastating accident in which one of its freight trucks reportedly rear-ended a party bus, resulting in the tragic loss of three passengers and injuries to 20 others. In the lawsuit, Triton Logistics, its owner, the driver, and several related companies are accused of negligence and acting…

Winter Whirlwind Could Bring Increased Slip-and-Fall Hazards
A potential La Niña event could soon bring wetter weather to parts of the northern U.S. and Canada, the Associated Press recently reported, which goes hand-in-hand with risks for potentially dangerous and costly slip-and-fall incidents. The National Oceanic and Atmospheric Administration’s Climate Prediction Center indicated that there was a 60% chance that a weak La Niña…

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…
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