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$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report
The U.S. cannabis industry could exceed $45 billion in annual sales by 2025, according to a recent projection published in the 2021 Marijuana Business Factbook. That could mean double the sales of $22 to $26.4 billion projected for recreational and medical cannabis this year. Marijuana markets are growing rapidly in the U.S. and Canada, with the Factbook reporting 100 percent
President Biden’s Dog ‘Major’ Involved in Second Biting Incident
One of the White House’s two canine residents was involved in a biting incident on March 29: the Bidens’ German Shepherd, Major, reportedly nipped at a National Park Service employee during a walk on the White House South Lawn. The employee was assessed by the White House medical unit and returned to work without injury. The incident has dominated national
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Transportation Insurance Thursday, April 22, 2021 at 1:30 PM ET Please join our experts as they discuss the Transportation industry\'s growth potential, challenges, and technologies. Hosted by John Woods, Vice President, National Practice Group Leader, Transportation, Burns & Wilcox. Featured Experts: John McGlynn, Director, Transportation, Burns & Wilcox Canada Gene\' Cain, Broker, Transportation, Burns & Wilcox Brokerage Gordon Kurtz, Underwriting…
The MV Ever Given, a massive cargo ship that gained notoriety for running aground amid high winds on March 23 and completely blocking the Suez Canal, was finally freed on March 29. Salvage and dredging crews labored for days before successfully re-floating the vessel, aided by a full moon and high tide. The nearly quarter-mile-long ship was reportedly carrying 20,000…
More than a year into the COVID-19 pandemic, the relentless pressure on health care workers continues to exact a toll. Just this month, dozens of nurses at St. Vincent Hospital in Massachusetts went on strike to protest staffing shortages; a physicians union in Washington state staged protests over alleged safety violations and staffing shortages; and a national nurses union raised…
Data security experts are sounding the alarm to warn those engaging in the latest social media trend of sharing celebratory COVID-19 “vaccine selfies” depicting themselves holding their Centers for Disease Control and Prevention vaccination record card. Including these records in such photos, experts caution, could expose the kind of information—such as full name and date of birth—criminals use to commit…
On March 5, the U.S. Food and Drug Administration signaled it would soon take steps to prevent or reduce chemical hazards in baby and toddler foods to a level “as low as is reasonably achievable.” The FDA announcement disclosed a letter it sent that same day to manufacturers and processors of baby and toddler food to remind them of their…
A consulting firm will pay $1.75 million to settle claims of breach of contract and professional negligence related to the design and construction of a large, lined pond that was part of a $13 million water treatment plant. The Community Services District of Cambria, California sued the firm, CDM Smith, in 2018, claiming the pond required repairs, redesign and modifications…
Other Recent Intel
Construction-related risks and Construction Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox and Burns & Wilcox Brokerage. As construction activity picks up across the U.S. and Canada after a challenging 2020, general contractors and other professionals in the industry are navigating changes in the Construction Insurance marketplace. In fact, construction is one of…
Watch as our experts provide an outlook into the second quarter of 2021. We also review the year so far and how the biggest news stories impacted the insurance industry. During this webinar, we discuss: Flood Cyber Healthcare Commercial Property https://vimeo.com/534601820/0a594f3e59
Our experts gathered to discuss the Construction market, dynamics depending on region, and the key verticals within the industry. View the webinar below to learn about: The economic impact on the state of the market How the market differs across the country Problematic classes of business, excess liability and builders risk https://vimeo.com/525800398/abd7eac0c0
From job site accidents to construction defects, the construction industry encompasses a wide range of perils. To learn more about Construction Insurance, we spoke with Susie Parks, Vice President, Broker, Casualty, Burns & Wilcox Brokerage, Scottsdale, Arizona. What are the greatest risks currently facing contractors in the construction industry? S.P.: Unfortunately, due to the economic fallout from COVID-19, and other…
Environmental losses, site pollution risks and Environmental Insurance solutions were among the topics addressed in a webinar hosted by Burns & Wilcox. Environmental losses that are not covered by insurance are thought to amount to about $1 billion per year. This is largely because many business owners do not believe they have an environmental exposure; those in sectors that do…
Burns & Wilcox experts take a look into the cannabis market as carrier appetite and capacity shift, along with regulatory changes and trends. During this webinar, we discuss: The current state of the market for U.S. and Canada Product developments and concerns Tips for brokers on how to adapt with changes https://vimeo.com/519667011/df17ef8df0
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