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The State of the Hospitality Market

The State of the Hospitality Market

During this webinar, our experts met for a discussion on the state of the Hospitality Insurance market and the residual effects of the COVID-19 pandemic, the resurgence of business, and tips for agents and brokers. Featured Experts: Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, LA Barry Whitton, Managing Director, Broker, Property, Burns & Wilcox Brokerage, Atlanta,…

Ask the Expert Q&A: Restaurant Hospitality Insurance

Ask the Expert Q&A: Restaurant Hospitality Insurance

Businesses in the hospitality industry face a variety of property and liability risks. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, Louisiana. What are some of the greatest risks today for restaurant hospitality businesses? B.S.: From a property standpoint, one of…

Restaurant & Bar Insurance Market Overview

Restaurant & Bar Insurance Market Overview

Rising premiums, decreased capacity, an enhanced focus on details and fallout from labor shortages are the main trends facing clients requiring Restaurant & Bar Insurance more than halfway through 2021. A hard market that first began in 2018 accelerated during the first several months of the pandemic, with tens of thousands of restaurants and bars around North America closing either…

Restaurants & Bars Insurance Coverage

Restaurants & Bars Insurance Coverage

In this webinar, our experts joined for a discussion on Restaurants and Bars, including: state of the industry, current insurance market conditions, tips for brokers and agents, and specialty solutions. https://vimeo.com/605080138/4da76097ec

Restaurant Labor Shortages Strain Recovery Efforts, Escalate Risks

Restaurant Labor Shortages Strain Recovery Efforts, Escalate Risks

Despite moderately increased sales and rising consumer confidence in the safety of dining out, restaurants in the U.S. and Canada are still facing a major hurdle in their efforts to reopen: they do not have enough workers. Restaurants employed 1.5 million fewer workers in May of this year compared to pre-pandemic levels, TIME magazine recently reported, and one survey found…

The Hospitality Sector: Adapting to a Changing Environment

The Hospitality Sector: Adapting to a Changing Environment

Presented by: Bonnie Steen, Vice President, Associate Managing Director, Burns & Wilcox, Tyson Peel, Vice President, Director, Property and Casualty, Burns & Wilcox Canada, Marc Adler, Managing Director, Burns & Wilcox Brokerage This webinar discusses: State of the Hospitality market today Underwriting approach for specific coverages Must-haves required to secure coverage https://vimeo.com/436922672/3e3c2c1ea8

More Bars, Restaurants Can Now Deliver Alcohol, Shifting Liability Risks

More Bars, Restaurants Can Now Deliver Alcohol, Shifting Liability Risks

A bill that would allow home delivery of alcoholic beverages in Georgia is moving forward after it won approval in the Georgia House of Representatives on June 25. House Bill 879, headed to Governor Brian Kemp for consideration within 45 days, would permit stores and some restaurants to provide home delivery of beer, wine and liquor. Virginia’s state-run liquor agency,…

Hospitality Sector Adapts to New Risks, Restrictions as Casinos, Hotels Reopen

Hospitality Sector Adapts to New Risks, Restrictions as Casinos, Hotels Reopen

Caesars Palace, MGM Resorts and several other Las Vegas hotel-casinos are slated to resume operations starting June 4, according to the Nevada governor’s May 26 press release. Though Las Vegas casinos must implement requirements such as mandatory temperature checks for guests and are subject to various restrictions, reopening is a significant milestone in the embattled hospitality sector’s recovery from coronavirus-related…

Study Reveals Two Out of Three Hotels Inadvertently Leak Guests’ Data

Study Reveals Two Out of Three Hotels Inadvertently Leak Guests’ Data

On April 10, Symantec released a study showing two-thirds of hotel websites leak guests’ booking details to third-party sites. Marriott International, which experienced a massive data breach in November 2018, was not included in that study. On February 14, the City of Chicago filed a lawsuit against Marriott International for that breach that exposed the data of up to 500…

St. Patrick’s Day Drinking Poses Big Risks to Patrons and Businesses Alike

St. Patrick’s Day Drinking Poses Big Risks to Patrons and Businesses Alike

While everyone is Irish on March 17, nearly 40 million residents in the U.S. and more than 4 million in Canada actually claim Irish heritage. These Irish descendants, actual and adopted, make St. Patrick’s Day a highly profitable occasion for bars and restaurants. The holiday’s popularity is rising, according to the National Retail Federation: Americans spent nearly $6 billion last…

Own the Rental Market

Own the Rental Market

E&S expertise and relationships are key to accessing opportunities in the busy rental property market The recession’s effects continue to linger in the homeowners market, even as the overall economy slowly but surely rebounds. The percentage of homeowners in the U.S. has fallen to 65 percent, down from 69 percent in 2006. Meanwhile, the number of home vacancies has increased…

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