Intel

Inside This Article: A California landlord faces lawsuits from the city of Oakland and seven tenants after both elevators at a six-story apartment building were out of service for 52 consecutive days. The lawsuits also allege pest issues and other safety hazards that affected elderly and disabled residents. Lawsuit-related expenses could be covered by Commercial General Liability (CGL) Insurance, Excess Liability…

Inside This Article: An EF3 tornado with estimated 140-mile-per-hour winds reached Wisconsin communities before a tornado warning could be issued and caused extensive damage to buildings and utilities, news outlets reported. Severe storms accounted for eight of the 12 billion-dollar weather and climate disasters recorded in the U.S. during the first half of 2026, according to Climate Central. Today’s Homeowners Insurance policies increasingly…

Competitive conditions, expanded carrier appetite, and stabilizing pricing are creating new opportunities in the Personal Insurance market. Explore the trends shaping underwriting, risk mitigation, Flood Insurance, and coverage decisions in Q3 2026.

Scenario 1: A homeowner sought Flood Insurance for a property in New York with multiple structures, including barns and guest houses. RELATED STAT: The National Flood Insurance Program (NFIP) could not adequately cover the property due to its value and the number of buildings. SOLUTION: Burns & Wilcox was able to offer a comprehensive Flood Insurance program in the private…

Inside This Article: Weather-related losses continue to drive summer Homeowners Insurance claims as severe storms become more frequent and costly. Many homeowners remain vulnerable to flood losses because standard Homeowners Insurance policies typically exclude flooding. Liability exposures from pools, trampolines, and other summer activities can create significant financial risks for homeowners. Regular policy reviews can help homeowners identify coverage gaps and ensure protection keeps pace…

Why It Matters: Many homeowners know their home\'s market value but may not understand what it would cost to rebuild it. Knowing replacement cost estimates can help determine the amount of insurance needed to repair or rebuild a home after a covered loss. Rising construction costs, evolving building codes, and home improvements can all increase rebuilding expenses. Additionally, increased demand following a catastrophic event—such as a hurricane, flood, or wildfire—may drive costs even higher. These factors can create potential…

Flood events have surged over the past decade, putting many Residential and Commercial properties, including those outside of traditional flood zones, at risk. Parametric Flood Insurance provides data-driven, trigger-based financial protection for certain exposures, while Traditional Flood Insurance remains a foundational coverage for many property owners. Each product serves a distinct role and can be used independently or together to support a more…

Why It Matters: Many habitational losses are not driven solely by catastrophic events, but by secondary exposures that are often overlooked. These can include mechanical failures, regulatory requirements, and tenant claims over habitability. In the Habitational Insurance marketplace, overlooked coverages can significantly impact loss outcomes for property owners and managers — including the potential for substantial out-of-pocket costs even after a covered loss.…

Key Takeaways While the P&C market is softening and rates are moderating as capacity expands, underwriters remain selective, requiring well-structured submissions to secure optimal terms. Carrier capacity is strong across most lines, with specialty solutions and improved risk mitigation enhancing options for complex and hard-to-place risks. Most Commercial sectors show stable pricing, though litigation and rising loss severity continue to pressure underwriting and…

Inside This Article: Demand for luxury housing is on the rise in South Florida, where recent data shows sales of properties priced at $1 million or more grew 21% in Miami-Dade County compared to last year. Sales of “ultra-luxury” homes priced at $10 million or more are also expanding across the U.S., including outside of traditional wealth hubs like…

Inside This Article: Heavy snowfall, wind, and ice from a major Northeast blizzard in February is expected to cost up to $38 billion, including costly residential damage claims. Ice dams, roof collapse, and slippery walkways are among the risks homeowners face after severe winter storms. Damage related to blizzards is typically covered under Residential Property Insurance, though policies may…

Key Takeaways Flooding is the most common and costly natural disaster in the United States, with an estimated 83% of flood losses uninsured. Recurring NFIP disruptions create operational challenges and reinforce the need to evaluate private Flood Insurance alternatives. Private market capacity across Primary and Excess Flood Insurance has expanded, offering higher limits and greater structural flexibility. Parametric Flood solutions provide liquidity tied…