Intel

Key Takeaways The High-Value Solutions market is stabilizing, with admitted carriers returning to some geographies, increased competition, and expanded Excess and Surplus (E&S) capacity. Underwriting flexibility is improving for catastrophe-exposed risks, including wildfire, wind, and flood. Clients may benefit from having their broker market their insurance program including revisiting higher deductibles, water sublimits, and reduced coverages implemented during the hard market. Product innovation is expanding customization through layered programs,…

Shifting conditions in the Personal Insurance market are creating new opportunities for affluent and high net worth clients with complex property and liability exposures. In this webinar, Burns & Wilcox experts discuss valuation accuracy, catastrophe-related risks, risk mitigation strategies, and specialized High Value Solutions designed to help brokers and agents better protect clients and address evolving coverage needs. Topics include: Exposures…

Inside This Article: A Superman #1 comic book discovered in an attic recently sold for more than $9 million. Fine art sales have also broken new records in recent weeks, including a Gustav Klimt painting and a Frida Kahlo self-portrait. High-value collectibles require special insurance coverage under a Personal Articles Floater, as Homeowners Insurance policies would not typically have…

The Residential Property market has experienced severe volatility over the past several years, including pronounced rate increases and capacity limitations in California and other western states impacted by wildfires. As weather-related catastrophic (CAT) events and wildfires have become more frequent, many insurance carriers have adjusted their risk appetite. An increase in claims activity has forced carriers to limit capacity, resulting…

During the recent Burns & Wilcox Residential Property webinar, Heather Posner, Vice President, National Product Leader, Private Client, Burns & Wilcox, Cleveland, OH, highlighted the growing need for solutions like flood, earthquake, and deductible buybacks to address gaps in protection. https://vimeo.com/1036886620/925a4bdd7e?share=copy  

The E&S market is transforming, and Residential Property risks are finding a new home in the non-admitted space. Watch the recording of “The E&S Evolution: Solutions for Residential Properties” to gain expert insights into the trends reshaping the industry. Learn strategies to: Secure tailored solutions Navigate challenges Elevate your client service Panelists: Heather Posner, Vice President, National Product Leader, Private…

Early reports from one of the art industry\'s most significant U.S. events of the year pointed to a positive outlook for the art market, according to news outlets. Several galleries represented at the annual Art Basel Miami Beach, held Dec. 6-10, were reporting strong sales, including the sale of several works valued at more than $1 million and at least…

The last few years have been challenging for the Property & Casualty (P&C) industry and the first half of 2023 was no different. After the first three months, the Insurance Information Institute had already predicted that 2023 would be unprofitable for carriers in P&C. Overall performance through the first six months has been as bad as the industry has seen…

During this webinar, our special guest experts explore the current challenges and provide tips for brokers and agents on how to be successful in finding solutions for Private Client insureds. Featuring: • Heather Posner, Associate Vice President, National Product Leader, Private Client, Burns & Wilcox, Cleveland, OH • Sarah Chandonnet, Director, Private Client, Burns & Wilcox, Detroit/Farmington Hills, MI •…

Inflation in the U.S. has fallen from 9% to 3% over the past 12 months, with Americans seeing some relief on the cost of things like gas, groceries and airfare, according to the Associated Press. That leaves inflation still \"significantly above\" the Federal Reserve\'s target of 2%, officials said in recent days, and multiple rate hikes may be needed to…

Updated building codes in Florida may have made the difference between damage and total destruction for some properties hit by Hurricane Ian. A post-storm aerial photo of a section of Fort Myers Beach shows one intact home surrounded by 18 homes that were leveled, Insurance Journal reported. The difference, experts say, could be that the home left standing was built…

The countdown to the big game is on as football fans across the U.S. prepare to watch the Los Angeles Rams take on the Cincinnati Bengals in Super Bowl LVI on Feb. 13. For many enthusiasts, the championship game is best enjoyed by hosting or attending a Super Bowl gathering with family and friends. According to a recent report, 90…