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Cannabis Lounges Bring New Risks to Fast-Moving Industry

Cannabis Lounges Bring New Risks to Fast-Moving Industry

In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw their first cannabis lounges open in April, Michigan’s first marijuana lounge is set to open this summer, and officials in Nevada are currently discussing how the recently-approved class of businesses…

Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

Property & Casualty Report: Q1 2022 Market Overview & Q2 Forecast

As we enter the long-awaited season of Spring which conjures up thoughts of new beginnings, I draw parallels to the Excess & Surplus (E&S) Insurance industry. Several years of disciplined underwriting, including increased rates, adjusted limit deployment, and careful tweaking of policy language, coupled with a tamping of COVID-19 restrictions is resulting in this renewed sense of optimism. Carriers are…

Ice Dams, Heavy Snow Cause Problems for Property Owners

Ice Dams, Heavy Snow Cause Problems for Property Owners

Heavy snow, built-up ice and fluctuating temperatures have caused headaches and hardships for homeowners and business owners across the U.S. and Canada this winter. In Texas earlier this month, winter storms led to the collapse of a Waco woman’s living room ceiling at the house she was renting and downed multiple trees in Austin, including one that broke through a…

Property & Casualty Report: Q4 2021 Market Overview & Q1 2022 Forecast

Property & Casualty Report: Q4 2021 Market Overview & Q1 2022 Forecast

The last two years have been among the most uncertain the world has ever experienced by any standard. The Excess and Surplus (E&S) Lines insurance marketplace has stepped up to meet the challenge experiencing strong growth and perseverance in the face of a global pandemic, extraordinary natural catastrophes, increasing cyber-attacks, excessive jury verdicts, supply chain disruptions, political unrest, labor shortages…

QVC, Amazon Warehouse Disasters Underscore Risks at Large Facilities

QVC, Amazon Warehouse Disasters Underscore Risks at Large Facilities

A massive fire at a QVC warehouse in Rocky Mount, North Carolina, on Dec. 19 destroyed 75% of the 1.5 million-square-foot facility and killed one worker, according to news reports. The five-alarm blaze rendered the site inoperable and has reportedly prompted the company, a major employer in the area, to plan to lay off all of its more than 1,900…

6 New Year’s Resolutions to Reduce Your Risks in 2022

6 New Year’s Resolutions to Reduce Your Risks in 2022

Have you made your New Year’s resolutions? About 44% of adults surveyed in a recent Medifast poll said they planned to set a resolution for 2022, compared to 50% in 2021. Top resolutions for the new year include financial health, holistic health and wellness, and focusing on self-care or body positivity, the survey found. While not everyone will make a…

Laptop Charging on Bed Ignites Apartment Fire in Northwest Austin

Laptop Charging on Bed Ignites Apartment Fire in Northwest Austin

A bedroom fire at an apartment complex in northwest Austin, Texas, on Nov. 4 was reportedly caused by a laptop left charging on a bed. The blaze, which displaced one resident but caused no injuries, was extinguished by a sprinkler system and caused an estimated $8,000 in property damage, CBS Austin reported. Just days later in the same city, a…

Property & Casualty 2021 Q3 Market Overview & Q4 Forecast

Property & Casualty 2021 Q3 Market Overview & Q4 Forecast

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group We are pleased to share our third quarter Property & Casualty Market Overview and Forecast, prepared immediately following industry conferences and meetings that are clear bellwethers of what to anticipate. September, as we know, is Reinsurance Month which sets the stage for pivotal year-end negotiations of January 1…

Eye on Q4: Brokerage Property Overview

Eye on Q4: Brokerage Property Overview

https://vimeo.com/631075987/bf9b2f5778

Eye on Q4: Commercial Property Insurance Overview

Eye on Q4: Commercial Property Insurance Overview

https://vimeo.com/630373664/f463c435e8

Eye on Q4: Specialty Insurance Overview

Eye on Q4: Specialty Insurance Overview

During this webinar, our experts provide outlook into the fourth quarter of 2021, with specific insights into Brokerage Property, Environmental, and Commercial Insurance. Hosted by Paul Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group. https://vimeo.com/625777766/615b9b2381

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