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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
Claude AI Models Breach 3 Organizations During Testing
Inside This Article: Claude AI models recently gained unauthorized access to three outside organizations’ systems during cybersecurity evaluations, according to Anthropic. Anthropic uncovered the incidents during a review of 141,006 evaluation runs and said two affected organizations had not detected the breach before being notified. Cyber & Privacy Liability Insurance and Technology Errors & Omissions (E&O) Insurance may respond to losses involving
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Inside This Article: Two “spyder” cranes came crashing down onto a scaffolding outside a 12-story building that was under construction. No injuries were reported related to the incident, which occurred just a day after a partial stop-work order at the site was rescinded. This type of incident could lead to reputational damage as well as costly lawsuits, which can…
Some commercial properties are more difficult to insure than others, creating challenges for property owners. To learn more about Hard-to-Place Commercial Property Insurance, we spoke with Tim Wright, Senior Underwriter, Commercial Insurance, Burns & Wilcox, Boston, Massachusetts. What makes a commercial property hard to place? T.W.: Much of what makes a property hard to place for insurance is about location.…
Allied healthcare professionals face unique risks that can lead to costly claims, even when accidents happen unexpectedly. In this short video, Rahmad Bauldrick, Associate Vice President, Regional Practice Group Leader, Professional, Burns & Wilcox, Chicago, IL, unpacks a real-world exposure scenario and explains how the right liability coverage keeps professionals protected. https://vimeo.com/1074770733/ea53757dc4?share=copy
Inside This Article Architecture firm Cooper Carry is being sued by the owner of a Hilton hotel project for delays that reportedly led to $26 million in additional costs. When facing litigation, architects may incur significant defense costs and rectification expenses, in addition to reputational damage. Lawsuits against design professionals can be covered by Architects & Engineers Professional Liability…
Key Takeaways: Catastrophic (CAT) losses in 2024 are estimated at $113 billion, driving increased demand for flexible insurance solutions. California, coastal communities, and other regions at high risk for CAT events continue shifting to the Excess & Surplus (E&S) market, where customized solutions are more readily available. Roof depreciation schedules, exclusions, and buyback options are some of the creative…
Watch below as Connor Farquharson, Manager, Commercial Insurance, Burns & Wilcox, Dallas/Fort Worth, TX, breaks down today’s evolving Commercial Insurance landscape—where some markets are softening while others, like Transportation and Liquor Liability, continue to harden nationwide. https://vimeo.com/1073993370/1b7518d264?ts=0&share=copy For more insights, watch the full P&C Market Outlook Q2 2025 webinar recording.
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