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Booming Real Estate Market Could Mean Increased Error Risk for Agents
A real estate agent and realty company are being sued for their handling of a $4.6 million home sale in Sarasota, Florida. According to a report in the Sarasota Herald-Tribune, a man who wanted to buy the Bird Key neighborhood property but whose offer was not chosen is accusing real estate agent Roger Pettingell and Coldwell Banker Realty of manipulating
Hurricane Ida Linked to Over 2,000 Water Pollution Reports
An 11-mile-long oil slick in the Gulf of Mexico is one of more than 2,000 reports of water pollution being investigated by authorities in Louisiana after Hurricane Ida tore through the state on Aug. 29. The ruptured pipeline is located just south of oil and gas hub Port Fourchon, where the Category 4 storm caused significant damage and forced the
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Eye on Q4: Specialty Insurance Overview Thursday, October 7 at 1:30 PM ET Please join us for an outlook into the fourth quarter of 2021. Featured Experts: Bryant Steele, Associate Vice President, Managing Director, Burns & Wilcox, Chicago, IL Timothy Donnellon, Senior Broker, Environmental, Burns & Wilcox, Charleston, SC Teresa Cowper, Broker, Property, Burns & Wilcox Brokerage, Atlanta, GA Hosted…
Officials are continuing to investigate an Aug. 14 tour bus accident that sent dozens of passengers to the hospital. The bus was headed from Poughkeepsie to Niagara Falls and was carrying 57 adults and children when it ran off the highway and rolled over near Weedsport, New York, landing on its side. A total of 24 ambulances responded to the…
A road construction worker was tragically killed on I-94 in Michigan on Aug. 27 after a semi-truck struck the crane that the worker was operating. According to Michigan State Police, the worker was completing bridgework on an overpass near Paw Paw and had attempted to jump from the equipment before it was hit by the semi-truck. The worker died at…
At least 22 individuals were killed and many more remained missing after a flash flood ravaged the rural town of Waverly, Tennessee on Aug. 21. The sudden torrent of rain — estimated at 17 inches, likely setting a state record — swept away vehicles, tore homes off their foundations and crumbled roads and bridges. By Aug. 23, officials were reportedly…
As labor shortages continue across the U.S., multiple industries are feeling the impact. Recent news reports describe hospitals in Virginia cross-training employees amid a shortage of nurses and other staff, hotel workers in Idaho switching between front desk work and housekeeping duties, and Texas schools starting the new term without enough teachers or bus drivers. The ongoing lack of workers…
At least 108 active wildfires were burning in the U.S. as of Aug. 10, involving over 2.4 million acres of land in 15 states. The Bootleg Fire in Southern Oregon has burned more than 400,000 acres since it was ignited by lightning on July 6 and although it was 98% contained as of Aug. 10, officials said it was nowhere…
Other Recent Intel
Supply chain difficulties and rising costs are among the top challenges currently facing the manufacturing and distribution industry. To learn more about Manufacturing & Distribution Insurance, Crain’s Content Studio spoke with Angela Tam, Vice President, Brokerage Manager, Burns & Wilcox, San Francisco, California. What is the greatest risk in the manufacturing and distribution industry today? A.T.: The supply chain interruption…
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
Our experts met for a discussion on Commercial Property, including the current trends impacting the property market across the U.S. and Canada. https://vimeo.com/580897816/ad93c6b121
Watch as our experts discuss High-Net-Worth Solutions, including the state of the market, challenges, and specialty solutions. https://vimeo.com/589542376/a596860b5c
As the energy industry continues to rebound after a challenging year, Crain’s Content Studio recently spoke with Cree Teel, Vice President, Broker, Burns & Wilcox Brokerage, Dallas, Texas, to learn more about Energy Insurance. What are the greatest risks in the energy industry today? C.T.: In my opinion, the greatest risk is the price of oil. When prices dip below…
The Commercial Property Insurance market in the U.S. and Canada is continuing to experience tightening of capacity and rising premiums, although rates are not increasing at the rate of Summer/Fall 2020, according to a group of industry experts with Burns & Wilcox. This means brokers need to provide all the documents necessary for renewal or new policies to ensure they…
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