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Property & Casualty Market Overview: Q3 2020
By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group The Property & Casualty (P&C) insurance marketplace continued its momentum from the first half of 2020 into the third quarter showing no signs of retreat. The Burns & Wilcox Q2 2020 Property & Casualty Market Overview was packed with information on overall market conditions, new capacity, consolidation,
5 Tips for a Safer Holiday Season, Online and At Home
Cybersecurity experts are warning consumers about a new scam that capitalizes on the pandemic forcing many seasonal gift shops and pop-up markets to go virtual this year. In a scam alert issued on November 13, the Better Business Bureau said cybercriminals are using copycat shopping event sites and social media pages to charge admission and steal credit card data. In
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Architects & Engineers Insurance Thursday, December 3, 2020 at 1:30 PM ET Please join us for a discussion on Architects & Engineers with Michelle Picklesimer, Underwriting Director, Burns & Wilcox and Paul Lansky, Senior Underwriter, Burns & Wilcox Canada. Hosted by David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox. REGISTER NOW Carrier Q&A with…
A shortage of qualified, experienced drivers is contributing to increased risks in the transportation industry. To learn more about the state of the industry and its implications for Transportation Insurance, we spoke with John Woods, Vice President, National Practice Group Leader, Transportation, Burns & Wilcox, Scottsdale, Arizona. How does the shortage of drivers impact transportation risks? The continuing shortage of…
Kroger Health recently announced that it will offer rapid COVID-19 antibody testing at all of its pharmacy and clinic locations by the end of November. The Kroger Company grocery store chain will charge $25 for the test, which can detect previous coronavirus infection and typically generates results in about 15 minutes. The COVID-19 antibody test is reported to be available…
A Wisconsin man who recently won $22 million playing the state’s Powerball lottery has followed through on a decades-old promise to split the jackpot with his friend. Thomas Cook and his friend fishing partner, Joseph Feeney, reportedly made a handshake agreement 28 years ago to split any lottery winnings if either of them ever hit the jackpot. Cook made good…
Mold contamination, storage tank leaks and other environmental hazards can cost hundreds of thousands of dollars to resolve, yet approximately 90 percent of all environmental losses are not covered by insurance. To learn more about mitigating environmental risks, we spoke with Gina Jones, Vice President, Director, Environmental Programs, Burns & Wilcox. What businesses are at risk for environmental losses? G.J.:…
Google parent company Alphabet Inc. recently agreed to a $310 million settlement of shareholder lawsuits accusing the internet search giant of mishandling sexual misconduct allegations lodged against executives. In the settlement, Alphabet pledged to invest $310 million in diversity, equity and inclusion programs at Google over a 10-year period. It also agreed to more than 80 updates and revisions to…
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Presented by: Patrick Barco, Manager, Ocean Marine, Burns & Wilcox Canada Special Guests: Mark Engel, Managing Director, RB Jones, and John Gambino, Underwriting Manager, Cargo, RB Jones Hosted by: Jodie Kaufman Davis, Corporate Senior Vice President, Managing Director, Burns & Wilcox Canada In this webinar, we: Provide an overview on the Ocean Cargo segment of the Marine Insurance market Discuss supplier…
Peloton recently announced that it is recalling the pedals on 27,000 indoor stationary bikes after receiving reports of 16 injuries and 120 pedal breakages. A statement from the high-end spin bike maker said the recall applies to PR70P pedals placed on bikes sold between July 2013 and May 2016 and recommends discontinuing use of affected bikes until new pedals are…
The demand for Cyber & Privacy Insurance products has exploded in 2020 based on both natural market growth associated with ever-increasing threats to online systems and the COVID-19 impact that has accelerated the working from home trend, video communications and the need for other high-tech systems to support business and personal needs. Ransomware, social engineering and other digital attacks have…
Special Guest: Hank Watkins, Lloyd\'s Regional Director & President, Americas Hosted by: Paul Smith, Vice President, Carrier Relations, H.W. Kaufman Group During this webinar, we discussed: An overview of Lloyd\'s in the United States The future of the market Technology\'s role in improving processes and agent experiences https://vimeo.com/468713280/a60c13daa4
An October 7 construction site accident in Montgomery, Ohio triggered a gas line explosion that sent flames and smoke into the sky for hours and forced the evacuation of nearby buildings. A John R. Jurgensen Company construction truck reportedly backed over the gas line and struck a utility pole, igniting the blast and shaking the surrounding area. Thankfully, there were…
In 2018 alone, Internet-enabled theft, fraud and exploitation caused $2.7 billion in financial losses in the U.S. and more than 900 complaints sent to the FBI’s Internet Crime Complaint Center each day, on average. To learn more about cybersecurity risks and how to defend against them, we spoke with David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader,…
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