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52-Day Elevator Outage Leads to Lawsuits Against Landlord
Inside This Article: A California landlord faces lawsuits from the city of Oakland and seven tenants after both elevators at a six-story apartment building were out of service for 52 consecutive days. The lawsuits also allege pest issues and other safety hazards that affected elderly and disabled residents. Lawsuit-related expenses could be covered by Commercial General Liability (CGL) Insurance, Excess Liability
140-MPH Tornado Strikes Before Warning, Exposing Costly Coverage Gaps
Inside This Article: An EF3 tornado with estimated 140-mile-per-hour winds reached Wisconsin communities before a tornado warning could be issued and caused extensive damage to buildings and utilities, news outlets reported. Severe storms accounted for eight of the 12 billion-dollar weather and climate disasters recorded in the U.S. during the first half of 2026, according to Climate Central. Today’s Homeowners Insurance policies increasingly
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Professional Liability market conditions remain competitive, with strong capacity and rates generally stable to soft across many lines. Click through for insights on AI-related liability exposures, evolving Cyber risks, social engineering threats, and other trends shaping the Professional Liability market.Â
Scenario 1: A consulting firm delivered a government-commissioned report containing apparent AI-generated mistakes, including a fabricated quote and references to research that did not exist. RELATED STATS: Shareholder actions, reputational harm, and other losses can follow when a company or its vendors misuse AI. According to a McKinsey survey, about 88% of organizations are using AI in at least one business function. SOLUTION:…
Inside This Article: Two major warehouse fires that erupted in California within the span of a week caused significant physical damage and raised environmental concerns. Officials are investigating the causes of both fires as cleanup efforts move forward. Property damage, business interruption, and environmental impacts can be covered by insurance policies including Commercial Property Insurance and Site Pollution Liability Insurance. Accurate property…
In our recent Q3 P&C Market Outlook webinar, Ryan Ascenzo, Senior Broker, Professional Liability, Burns & Wilcox, Brokerage Division, New York, New York, discussed how AI is influencing emerging cyber exposures and what that could mean for Cyber Insurance going forward. Watch a highlight from the discussion below. https://vimeo.com/1208796170/7fa70debfb?share=copy&fl=sv&fe=ci
Continued rate softening and the return of admitted market capacity is reshaping the Personal Insurance market. In our recent P&C Market Outlook webinar, Ryan Connolly, Regional Practice Group Leader, Personal Insurance, Burns & Wilcox, Nashville, Tennessee, discussed why carriers are approaching technical rate floors and what that could mean for market conditions in the months ahead. Watch a highlight from…
As the Commercial Insurance market continues to evolve, maintaining accurate property valuations has never been more important. In our recent P&C Market Outlook webinar, William Briscoe, Vice President, Alabama & Mississippi, Managing Director, Burns & Wilcox, Birmingham, Alabama, discussed why underwriting discipline and valuation integrity continue to drive the best outcomes in today\'s market. Watch a highlight from the discussion…
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