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Water Damage Mitigation & Support

Water Damage Mitigation & Support

In this webinar, Burns & Wilcox sat down with partner FLO BY MOEN for an in-depth and informative discussion on how homeowners can prevent further water damage through water monitoring, leak detection, and automatic shutoff devices. https://vimeo.com/516862833/819e90fc2b  

Storm Damage Costs Could Be Highest in Texas, U.S. History

Storm Damage Costs Could Be Highest in Texas, U.S. History

The winter storm that knocked out power for millions amid frigid temperatures and spawned a rash of water-related disasters is expected to be the costliest weather event in Texas history. More than a week after the storm began on February 11, a third of Texas residents continued to experience power service disruptions, millions lacked ready access to safe water, and…

Bitter Cold, Heavy Snow Slam Homeowners, Businesses Across U.S.

Bitter Cold, Heavy Snow Slam Homeowners, Businesses Across U.S.

Collapsed roofs, caved-in foundations and broken windows are evidence of the destruction caused by bitterly cold temperatures and powerful winter storms that have hammered the U.S. and parts of Canada1 in recent weeks. As of February 17, 2.7 million Texans are still without power from a severe storm system spanning 25 states that began on February 13. The storm has…

Tom Brady Rookie Card Fetches a Record $555,988 at Auction

Tom Brady Rookie Card Fetches a Record $555,988 at Auction

An autographed Tom Brady rookie card was purchased at auction on eBay for $555,988 January 25, one day after the NFL’s Tampa Bay Buccaneers quarterback helped his team secure a spot in Super Bowl LV. The rare 2000 card was rated PSA Gem Mint 10—virtually perfect—condition1 and depicts Brady the year he was drafted by the New England Patriots. It…

Property & Casualty Market Overview & Forecast: Eye on 2021

Property & Casualty Market Overview & Forecast: Eye on 2021

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group As reported in our earlier quarterly overviews, 2020 was unparalleled from any vantage point. Beyond the onset of a global pandemic early in the year, rates were already rising, capacity was being deployed much more acutely, and terms & conditions were being underwritten more vigorously as the…

Mammoth Sinkhole Forces Hospital to Relocate COVID Patients

Mammoth Sinkhole Forces Hospital to Relocate COVID Patients

A mammoth sinkhole opened up in the visitors’ parking lot at Hospital of the Sea in Naples, Italy on January 8, consuming three cars and forcing the temporary closure of a nearby residence for recovering COVID-19 patients. Though the sinkhole measured a whopping 66 feet deep and 21,527 square feet across, no injuries were reported and six patients were relocated…

Eye on 2021: Personal Insurance Overview

Eye on 2021: Personal Insurance Overview

In the Personal Insurance marketplace, a key focus in 2021 will be handling catastrophic events like hurricanes and wildfires. In addition, there will be an emphasis on profitability as well as a flight to quality business and underwriting. As Bill Gatewood states, “Organizations focused on quality will thrive in this marketplace.” Watch the full Eye on 2021: Personal Insurance Overview here: https://vimeo.com/500516782/e6be292b4e

5 Tips for a Safer Holiday Season, Online and At Home

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…

Powerball Winner Keeps Promise to Split $22 Jackpot with Friend

Powerball Winner Keeps Promise to Split $22 Jackpot with Friend

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…

17 Wineries Scorched, Hundreds Threatened by Raging Napa Valley Wildfire

17 Wineries Scorched, Hundreds Threatened by Raging Napa Valley Wildfire

The Glass Fire, one of 23 major wildfires burning across California, has destroyed or damaged at least 17 wineries in Napa Valley. More than 215 other wineries are under mandatory evacuation orders. As of October 5, the wildfire had also destroyed 550 homes and more than 66,800 acres. The small vineyard at Behrens Family Winery in St. Helena suffered extensive…

Homeowners Insurance Market Overview

Homeowners Insurance Market Overview

Over the last year, the Homeowners & Dwellings insurance market has experienced an increase in claims, specifically for historic and catastrophic events. Consider: The national Oceanic Atmospheric Administration’s Climate Prediction Center indicated in early August that the Atlantic hurricane season is on pace to become one of the worst in recorded history. As of September 2, there was already an…

Q&A with Wildfire Defense Systems

Q&A with Wildfire Defense Systems

Special guest: Dave Torgerson, CEO, Wildfire Defense Systems Hosted by: Bill Gatewood, Corporate Senior Vice President, National Personal Insurance Practice Leader, Burns & Wilcox, and Ian Hanson, Associate Vice President, Underwriting Director, Burns & Wilcox During this webinar, we discussed: How Wildfire Defense Systems helps threatened homes survive a wildfire event Tips on how agents can improve communication to their clients in…

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