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Neighbors Sue in New York, Claiming Construction Work ‘Compromised Integrity’ of Their Apartments

Neighbors Sue in New York, Claiming Construction Work ‘Compromised Integrity’ of Their Apartments

Residents of a New York City apartment building are claiming in a lawsuit that construction on a neighboring office building caused their property to sink almost an inch into the ground, leading to cracks and separation in multiple apartment units and forcing some residents to move out, Commercial Observer recently reported. Filed in New York County Supreme Court by the…

Property & Casualty Report: Forward Outlook

Property & Casualty Report: Forward Outlook

The fourth quarter began very different than how the majority of the summer months had transpired from a Natural CAT perspective; as Hurricane Ian used the final few days of Q3 to take aim at Florida’s densely populated gulf coast. Despite mandatory evacuations, fairly accurate forecasting of its path and the usual several days to prepare, its damages were devastating.…

Carbon Monoxide Leaks Evacuate Apartments, Sicken Daycare and School Children

Carbon Monoxide Leaks Evacuate Apartments, Sicken Daycare and School Children

Dozens of students from Clemson University in South Carolina were evacuated from an off-campus apartment complex on Oct. 25 due to a carbon monoxide leak that left some residents seeking medical attention for headaches and nausea after possible exposure to the gas. The leak, which may have originated in a main floor retail space where construction work had just been…

Insuring the Upside Down: New ‘Stranger Things’ Airbnb Will Have Extra Risks

Insuring the Upside Down: New ‘Stranger Things’ Airbnb Will Have Extra Risks

Vecna, take note: The Byers’ family home will soon have new occupants. A home in Fayetteville, Georgia, that was used in the filming of the hit sci-fi horror series Stranger Things was recently listed for sale for $300,000. It was then taken off the market just one week later after an offer was reportedly accepted for nearly double the asking…

Property & Casualty Market Outlook: Q4 2022

Property & Casualty Market Outlook: Q4 2022

During this webinar, our experts provide an outlook into Q4, including high-level market overviews and insights. Special Guests: Blaise D\'Antoni, Executive Vice President, Burns & Wilcox, New Orleans, LA Rich Gobler, Corporate Senior Vice President, Managing Director, Burns & Wilcox, San Francisco, CA Laura Bates, Corporate Senior Vice President, London Market Practice Leader, Burns & Wilcox, Farmington Hills, MI Hosted…

Ask the Expert Q&A: Excess Casualty Insurance

Ask the Expert Q&A: Excess Casualty Insurance

A catastrophic claim could put any business at risk — and in today’s environment of social inflation driven by nuclear court verdicts, it is an existential threat to every business that cannot be overlooked. To learn more about Excess Casualty Insurance, Crain’s Content Studio spoke with David Eudy, Associate Vice President, Director, Excess Casualty, Burns & Wilcox, Detroit/Farmington Hills, Michigan.…

Teacher Shortage Prompts New Staffing Tactics, Potentially Increasing Liability Risks

Teacher Shortage Prompts New Staffing Tactics, Potentially Increasing Liability Risks

As students head back into classrooms for the start of a new academic year, an ongoing teacher shortage in both the U.S. and Canada means many schools are operating with a high number of job vacancies — and, in some cases, turning to unusual hiring tactics to help fill the gaps. A new program in Florida will allow military veterans…

Michigan Factory Spills ‘Several Thousand Gallons’ of Toxic Material Into River

Michigan Factory Spills ‘Several Thousand Gallons’ of Toxic Material Into River

A chemical spill from a manufacturing plant in Wixom, Michigan, recently forced the closure of one of southeast Michigan’s busiest state-run parks and put thousands of residents on alert. State officials were notified on Aug. 1 that auto supplier Tribar Manufacturing leaked “several thousand gallons” of a liquid containing 5% hexavalent chromium, a carcinogen, into the Huron River. The release,…

Property & Casualty Report: Q2 2022 Market Overview & Q3 Forecast

Property & Casualty Report: Q2 2022 Market Overview & Q3 Forecast

Macroeconomic trends, namely inflation and rising interest rates, are having a profound effect on the Property & Casualty (P&C) market as we head into the second half of 2022. Inflation impacts everything—from rapidly changing property values to challenges with mid-year reinsurance renewals. These are truly generational inflationary pressures that most professionals within the industry have never personally experienced. Even with…

Back-to-back Alligator Attacks at Florida Establishments Cause Alarm

Back-to-back Alligator Attacks at Florida Establishments Cause Alarm

An 80-year-old Florida woman tragically died July 15 after falling into a pond and being “grabbed” by two alligators, according to reports. The incident occurred at the Boca Royale Golf and Country Club in Englewood, Florida, where the woman reportedly fell into a pond located along the course and struggled to stay afloat before the alligators attacked. [lgc_column grid=\"50\" tablet_grid=\"50\"…

Trending Intel: July 2022

Trending Intel: July 2022

Below we highlight the top 5 trending intel topics in July 2022.   1. Property & Casualty Overview & Outlook Commercial Property, Cyber Liability and Coastal Properties Watch as our experts discuss the Property & Casualty market as we begin the third quarter of 2022. This panel discussion included insights into…

P&C Market Outlook: Q3 2022

P&C Market Outlook: Q3 2022

In this webinar, our panel of experts provide insights into the following areas: Commercial Property, Cyber Liability, and Coastal Properties. Featuring: Anella Niewenhous, AVP, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Morehead City, NC Ryan Ascenzo, Senior Broker, Professional Liability, Burns & Wilcox Brokerage, New York, NY Jody Oster, Senior Broker, Property, Burns & Wilcox Brokerage, Chicago, IL…

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