Intel
Featured
Short-Term Rental Risks: Airbnb Owner Seeks $540,000, Citing ‘Bizarre’ Damage
The owner of an Airbnb in Ithaca, New York, is suing Cornell University and the vacation rental platform in a lawsuit that claims a group of international students who rented her home caused $200,000 in severe and \"bizarre\" damages during their eight-day stay. In the lawsuit, the owner alleges that the exchange students — reportedly “hand-picked” for a summer program
P&C Report: 2024 Q4 Outlook
Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates and capacity were relatively stable, and carriers could be profitable. The gradual and consistent shift in business from the admitted to the Excess & Surplus (E&S) market is a transformation
In the News
Trending
A three-generation family in Brooklyn, New York, was recently evacuated from their home after city officials determined the building next door was unstable and would need to be demolished. The homeowner, Yvonne Belardo, was notified by firefighters on Sept. 5 that her three-story Bushwick home was at risk because of a construction error at a building site two doors down,…
A recent recall over listeria concerns has now expanded to 11.8 million pounds of potentially contaminated foods, including some that may have been sent to schools. First announced as a recall of nearly 10 million pounds of BrucePac meat and poultry products on Oct. 9, the U.S. Department of Agriculture has since updated the recall notification to include additional items…
A smash-and-grab burglary at a cannabis dispensary in San Francisco, California, in late September left the business with significant property damage and missing merchandise. According to CBS News Bay Area, the burglars pulled open the dispensary’s metal security gates using a chain attached to the back of their SUV and then rammed the vehicle through the store\'s rollup metal door…
As communities across the Southeast recover from the devastating impacts of Hurricane Helene, they now face another storm: Hurricane Milton. “The circumstances are tragic,” said Rick Sforzo, Senior Director, Claims Services, Burns & Wilcox, Atlanta, Georgia. “Our thoughts and prayers are going out to everyone there affected by these storms, and certainly those that have been affected by the multiple…
A hospital in Pennsylvania recently agreed to pay $65 million to settle a class-action lawsuit over a 2023 cyberattack that exposed the personal data of approximately 135,000 individuals, including sensitive photos of more than 600 patients. Patients and employees affected will receive between $50 to $70,000 each; patients whose photos were leaked online will receive the larger amounts, Insurance Journal…
A homeowner in Nebraska whose roof was damaged during a July windstorm said he is grateful no one was hurt but is surprised by the more than $7,000 he had to pay for the repairs. According to KETV Omaha, the man did not realize his Homeowners Insurance would not fully cover roof damage due to wind or hail, leaving him…
Other Recent Intel
The trucking industry is navigating a complex landscape, from jurisdictional challenges to rising operational costs. In our latest webinar, experts from our Transportation Practice Group explored the most pressing issues facing Transportation Insurance today. Watch now to gain valuable insights into coverage, pricing, and claims, along with practical tips for brokers and agents to stay ahead of industry changes and…
In our latest P&C webinar, Pamela Alphabet, Associate Vice President, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Scottsdale, Arizona, discussed what is driving the hard market and ways to secure coverage. https://vimeo.com/1020710933/6d578c97e7?share=copy Want more information? You can watch the entire webinar here.
Environmental risks traditionally in the admitted market are migrating to E&S – and staying there. Learn more about this opportunity for brokers and agents from Beth Linton, Vice President, Environmental Underwriting Solutions (EUS), a division of Burns & Wilcox. https://vimeo.com/1021020157/2b4a434e9e?share=copy What more intel? Watch the full recording here.
The Commercial E&S market is stabilizing, according to Bob Quillman, Regional Vice President, Burns & Wilcox, Dallas/Ft. Worth, Texas. Watch this short video clip for insights into what contributes to this stabilization and areas of opportunity. https://vimeo.com/1020758220/5c48e5c240?share=copy For more insights, watch the full recording here.
While we are experiencing more stabilization, some hard sectors remain as carriers continue to revise their appetites. Watch our P&C webinar for insights into the current state of the market, what is expected for the rest of the year and what 2025 may hold. Highlights include: The increasing role of dynamic pricing in Personal Insurance Why some admitted carriers are…
Building a book of business in the Cyber Insurance sector takes time. Still, demand and capacity give brokers and agents opportunities to become subject matter experts and trusted advisors for their clients. Discover top tips on how to be successful in the Cyber Insurance market below.
Powered by