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Marijuana Sales Soar, Three States Set Monthly Records
Colorado, Illinois and Ohio set new records for monthly marijuana sales in July and August, underscoring the resilience of the cannabis industry amid the COVID-19 recession. In July, recreational and medical marijuana stores in Colorado generated a combined $226.4 million in revenue, up 13.8 percent from June, and Ohio saw a record $21 million in medical marijuana sales. In August,
Hurricane-Force Winds Flip 45 Semi-Trucks in 20 Minutes
In a span of just 20 minutes on September 8, wind gusts of nearly 100 miles per hour flipped 45 semi-trucks on some Northern Utah highways. Four drivers were hospitalized with injuries and one semi-truck driver suffered a fatal head injury when the wind blew open his cargo door during a delivery and knocked him to the ground. Authorities said
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Coverage for Senior Living Facilities Thursday, October 8, 2020 at 1:30 PM ET Please join us for a discussion on Senior Living Facility coverage with Margaret Karnick, Senior Underwriter, Professional Liability, Burns & Wilcox, and Karl Olson, Vice President, Professional and Management Liability Practice Leader, Burns & Wilcox Brokerage. Hosted by David Derigiotis, Corporate Senior Vice President, National Professional Liability…
The Management Liability market continues to undergo significant transformations as products within the Directors and Officers Liability (D&O), Employment Practice Liabilities (EPL) and Fiduciary Liability (FL) areas are experiencing changes in coverage, limits and premiums that are impacting the broader market. The ongoing growth in settlements for many claims, particularly in such areas as harassment, discrimination, corporate mismanagement and regulatory…
In a lawsuit filed on August 11, the Barefoot Resort Residential Owners Association claimed experts found 13 construction defects in its $1.5 million beach cabana project. The North Myrtle Beach community’s homeowners association subsequently terminated contracts with the architect and general contractor, citing defects in design and construction that included the use of materials unsuitable for a coastal environment. Five…
Oil and gas production in the Gulf of Mexico was slowed significantly beginning on August 23, as a pair of tropical storms approached U.S. shores and forced the shutdown and evacuation of nearly 300 offshore platforms. Hurricane Laura, one of the most powerful storms to ever hit the U.S., made landfall on August 27, devastating the city of Lake Charles,…
As parents across the U.S. and Canada grapple with their children’s return to school amid a pandemic, “learning pods” have emerged as a potential solution to meeting kids’ academic and social needs while minimizing contact with large groups. Two mothers in Delaware County, Ohio recently launched Web Student Services, LLC, a learning pod startup that pairs certified teachers with limited…
This year has brought unprecedented challenges as the world copes with the COVID-19 pandemic; however, 2020 has also been a record-breaking year for extreme weather events: devastating wildfires, an especially active hurricane season, blackout-inducing heatwaves, a historic spate of tornadoes, a “firenado” and a 500-year flood. The U.S. recently hit its 10th billion-dollar weather disaster of the year earlier than ever before and the hurricane season is on pace to…
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According to the U.S. Federal Emergency Management Agency (FEMA), a single inch of water in a home can cause $25,000 in flood damage; nevertheless, many homeowners remain uninsured. Brad Turner, National Product Manager, Flood, Burns & Wilcox, Morehead City, North Carolina, explains the widespread need for Flood Insurance and how it helps protect homeowners. What are the biggest flood-related risks…
A Georgia high school that made headlines for its packed hallways and unmasked students announced Aug. 9 that it would close for at least two days after it identified nine cases of COVID-19. Six students and three staff members tested positive for the virus after the first week of in-person instruction at the school, one of the first to reopen…
BY PAUL SMITH, CORPORATE VICE PRESIDENT, CARRIER RELATIONS, H.W. KAUFMAN GROUP The Property & Casualty (P&C) Insurance marketplace in Q2 2020 will find its way into the history books as having been the most rapid changing in a generation. Leading up to April 1, 2020 was an unprecedented global event that was unravelling by the minute having commenced only a…
https://vimeo.com/445334728/c5ceac2a96 Thursday, August 6, 2020 at 1:30 PM ET Join presenter Heather Schaaf, Underwriting Director, Burns & Wilcox, and host David Derigiotis, Corporate Senior Vice President, National Professional Liability Practice Leader, Burns & Wilcox, for a discussion on how to succeed in the hardening market of D&O and EPLI.
Michigan’s largest healthcare system recently announced a data breach that may have compromised 6,000 patients’ protected health information. The breach reportedly occurred after six employee email accounts were exposed in a phishing scam in January. The eight-hospital network with 167 outpatient locations, notified patients on July 28 of a “data security incident” that could have exposed patient names, dates of…
Nursing homes in some areas would be required to test staff and visitors for COVID-19 on a weekly basis under planned rules from the Trump administration. The testing requirement, announced July 22 as part of a set of initiatives aimed at further protecting nursing home residents from coronavirus, would apply to all nursing homes in states with a 5 percent…
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