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Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector
The U.S. is faced with an apartment shortage that is expected to get worse before it gets better. This is placing significant stress on the Habitational Insurance market with high demand for rental housing. According to the National Multifamily Housing Council and the National Apartment Association, the U.S. will need an additional 4.3 million apartments between now and 2035 to…
Popular Chain Restaurant Facing Liquor Violations After Serving Customer 18 Shots Before Crash
The liquor license of a Kelseys Original Roadhouse franchise in Huntsville, Ontario, was recently suspended over allegations that staff overserved alcohol to a customer before a fatal car crash. On Feb. 14, the Alcohol and Gaming Commission of Ontario announced the 60-day suspension based on alleged liquor license violations stemming from a Nov. 4, 2022, incident in which a customer…
Video: Habitational Insurance Market Outlook
During the Habitational Insurance Market webinar, our own Kevin Cuyler joined us to provide updates on the current state of the marketplace. Watch highlights from the discussion below. https://vimeo.com/915342304/25a6a4edd4?share=copy
Video: Challenges in the Habitational Insurance Market
During this webinar, our own Jake Miller joined us to discuss the current state of the Habitational Insurance Market. Watch highlights from the discussion below. https://vimeo.com/915340539/a1a0053495?share=copy
Video: Tips for Facing Habitational Market Challenges
During our Habitational Insurance Market webinar, our own Nicholas Freeman joined us to provide tips for brokers and agents facing challenges in the marketplace. Watch a highlight from the discussion below. https://vimeo.com/915333303/d79c637867?share=copy
Webinar: Habitational Insurance Market
During this webinar, our experts met for a discussion on the current state of the Habitational insurance market. Watch as they explore current challenges and provide tips for brokers and agents on how to be successful in providing solutions for their clients. https://vimeo.com/914913271/243f209a8e?share=copy
P&C Report: 2024 Forecast
Many of the primary factors that influenced the status of the Property & Casualty (P&C) market in 2023 are likely to remain in 2024. We continue to operate in a comparatively hard environment marked by rising but moderating rates on some lines of business, where it is often necessary to layer available capacity that includes carefully worded terms and conditions…
Builders, Homeowners Strained as Construction Costs Continue to Rise
Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…
Rooftop Fireworks Spark Apartment Fire, Leading Residents to Sue Owners
Residents of an apartment complex in Atlanta, Georgia, that was severely damaged in a three-alarm fire on Nov. 10 have filed a class-action lawsuit against the building owners, claiming the owners failed to maintain the property’s fire suppression system and allowed access to the roof, where the fire began. The devastating blaze that destroyed most of the Reserve at LaVista…
Ask the Expert Q&A: Hospitality Insurance
From altercations between patrons to overserving alcohol, bars and restaurants face a number of risks that could lead to costly liability claims. To learn more about the risks and insurance solutions in the hospitality industry, Crain’s Content Studio spoke with Connor Farquharson, Manager, Commercial Insurance, Burns & Wilcox, Dallas/Ft. Worth, Texas. What are some of the greatest risks in the…
Man Sues Olive Garden Claiming Injury, Anguish After Finding Rodent Part in Soup
A man is taking legal action against the popular restaurant chain Olive Garden after alleging that he found a rat\'s foot in a spoonful of his minestrone soup during a March visit to the eatery’s Warren, Michigan, location. According to the lawsuit, the foot injured the inside of the diner’s mouth and caused him to get physically ill. [lgc_column grid=\"50\"…
Crane Accident Causes Injuries, Strikes Nearby Building
A construction crane accident in New York City tragically injured 11 individuals and shut down traffic July 26 after the crane burst into flames 45 stories above ground. The top portion of the crane, which was lifting 16 tons of concrete at the time as it worked on a 54-story building in Midtown Manhattan, struck a neighboring building as it…
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