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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…

Post-Hurricane Assessments Reveal Importance of Florida Building Code Updates

Post-Hurricane Assessments Reveal Importance of Florida Building Code Updates

Updated building codes in Florida may have made the difference between damage and total destruction for some properties hit by Hurricane Ian. A post-storm aerial photo of a section of Fort Myers Beach shows one intact home surrounded by 18 homes that were leveled, Insurance Journal reported. The difference, experts say, could be that the home left standing was built…

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…

Hurricane Ian Recovery: Navigating Your Insurance Claim After a Loss

Hurricane Ian Recovery: Navigating Your Insurance Claim After a Loss

Catastrophic flooding and winds decimated areas of southwest Florida when Hurricane Ian made landfall Sept. 28, tragically leaving at least 101 individuals dead in its wake. The Category 4 storm was one of the most powerful to ever hit the state and the U.S. overall, with record-breaking storm surges toppling homes, trapping residents and submerging vehicles…

Catastrophic Events: Hurricanes, Storms, and Wildfires

Catastrophic Events: Hurricanes, Storms, and Wildfires

During this webinar, our special guest experts met for a discussion on major catastrophic events across North America, including hurricanes, storms, and wildfires. Featuring: Kate Wright, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Gulf Region Dave Torgerson, President, CEO & Founder, Wildfire Defense Systems, Bozeman, MT Brandon Orr, On-Air Meteorologist, WPLG Local 10 News, Miami, FL…

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.…

Mickey Mantle Baseball Card Hits Home-Run $12.6 Million Auction Sale

Mickey Mantle Baseball Card Hits Home-Run $12.6 Million Auction Sale

A mint-condition Mickey Mantle baseball card from 1952 sold at auction Aug. 28 for $12.6 million, making it the most valuable sports collectible in the world, CNN recently reported. According to a news release from Heritage Auctions, the exceptionally well-preserved card was last purchased in 1991 for $50,000, a price that broke records at the time. The new eight-figure sale…

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,…

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