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Fire at Historic Mackinac Island Home Causes $1 Million in Damages
A historic home on Michigan’s famed Mackinac Island caught fire on May 30, leaving more than $1 million in damages to the 120-year-old cottage. No one was injured in the blaze, which was reportedly caused by a chimney failure that occurred about two hours after a fireplace was lit on the home’s first floor. Fire officials described the roof and
Workers Injured as Metal Beams Fall ‘Like Dominoes’ at Construction Site
Two workers narrowly avoided serious injuries after being thrown from horizontal metal beams at a construction site on the Boston University campus May 14. The accident happened when a steel column fell to the side, causing the adjacent beams to topple “like dominoes” and partially collapse the steel frame of what is slated to become a 13-story data sciences building
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Wildfire Defense with David Torgerson, President of Wildfire Defense Systems Thursday, June 24, 2021 at 1:30 PM ET Get insight into the 2021 Wildfire Season with our special guest David Torgerson, President of Wildfire Defense Systems. Topics include: Forecasting the 2021 Wildfire Season Learnings from past wildfire activity Review of the Wildfire Defense Systems partnership with Burns & Wilcox Update…
The homeowner’s association for a luxury, oceanfront condo tower in Florida recently settled its construction defects lawsuit against the tower’s developer, contractors and architect for $17.5 million. The Regalia on the Ocean Condominium Association in Sunny Isles Beach filed the lawsuit in 2018, alleging construction flaws including improperly-installed pool joints, unsafe steam rooms and problems with sliding glass doors. As…
The ransomware attack that shut down one of the largest fuel pipelines in the U.S. and set off gas shortages and panic-buying is indicative of the growing cyber risk threatening American infrastructure, experts said in a recent USA Today report. Colonial Pipeline Co., which moves 2.5 million barrels of petroleum each day, was forced to discontinue operations May 7 after…
Parts of Texas and Oklahoma are still assessing the toll of destruction after hail reportedly as large as softballs left swaths of damages to homes, cars and other property on April 28. The day was expected to be declared a \"billion-dollar hail loss day\" in the U.S.: according to the federal Storm Prediction Center, there were 38 reports of severe…
Xylem Inc. was recently fined $234,054 by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) after a 2020 incident in which a worker was hurt while lowering himself into a water test pit. The injury reportedly took place at the water technology company’s location in Pewaukee, Wisconsin when a guardrail loosened as the worker entered the almost…
Jury awards that exceed $10 million, also known as “nuclear verdicts,” are on the rise in the trucking industry and could make it more difficult for transportation companies to stay in business, CNBC recently reported. According to a 2020 report from the American Transportation Research Institute, the average U.S. trucking industry lawsuit verdict increased 967% between 2010 to 2018, soaring…
Other Recent Intel
Professional errors are a risk in any industry and can lead to severe financial loss. To learn more about the Errors and Omissions (E&O) Insurance, we spoke with Kenneth Labelle, Broker, Professional Liability, Burns & Wilcox Brokerage, Chicago, Illinois. What are the greatest risks related to Errors & Omissions? K.L.: There are hundreds of different classes of E&O business, from…
Our experts met for a discussion on the state of the specialty healthcare market, trends within the industry that are changing the landscape, and the impacts on specific products. During this webinar, we discuss: The silos of the medical industry The new and emerging risks, including telemedicine and urgent care centers Challenges facing the healthcare market https://vimeo.com/553094170/e4d82cafe2
The past year has brought numerous changes to work sites around the world, however some of the most common risks remain the same. To learn more about workplace hazards and Workers’ Compensation Insurance, we spoke with Justin Dorman, National Product Manager, Workers\' Compensation, Burns & Wilcox, Charleston, South Carolina. What are some of the greatest risks in the workplace today?…
Paul Smith hosts a Carrier Q&A discussion with Patrick Rastiello, President and CEO, Accredited America. With over 40 years of experience in the insurance market, Patrick brings a wealth of insight on the current environment into the conversation. During this webinar, we discussed: Market conditions Technology\'s impact on the underwriting process Forecasts into the months ahead https://vimeo.com/548121687/2e224dac90
By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group Following the release of our Burns & Wilcox Property & Casualty Market Overview and Forecast: Eye on 2021 report last quarter the already challenged Commercial and Personal insurance marketplace was greeted with yet another extraordinary event—Winter Storm Uri (February 13-17). The widespread impact resulted in over 170…
https://vimeo.com/540831013/68bf089ea1
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