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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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Incidents involving vacant homes are on the rise in Terre Haute, Indiana, especially amid frigid winter weather, as empty homes in the city are increasingly being used for shelter, drugs or theft, WTWO News reported recently. The trend is mirrored in other parts of North America. For example, an uptick in fires at vacant properties in Albany, New York, is…
KEY TAKEAWAYS: The January wildfires in southern California affected areas not typically prone to such risks, making the situation particularly alarming for insurers and residents alike. Despite challenges, the Excess & Surplus (E&S) market is expected to continue growing, although at a slower pace when compared to recent years. As we move into 2025, small businesses may see modest…
A Florida homeowner is suing real estate brokerage eXp Realty and several of its executives, alleging the company allowed an agent to act as contractors on properties they represent, violating company policy. Filed in federal court in Miami, the lawsuit accuses eXp of fraud, conspiracy, and negligence, claiming over $700,000 in damages. According to HousingWire, eXp has called the claims…
Consider this scenario: following a hailstorm that damaged their roof, a homeowner faced a repair bill totaling $17,000. Assuming their Homeowners’ Insurance policy would cover the entire cost of the repairs, they were surprised that the settlement schedule—which is determined by factors such as the type, age, and condition of the roof—only covered about half of the total expenses. This…
Wildfires continue to affect communities throughout Los Angeles County, California, leaving unimaginable loss in their paths. Wildfire crises leave many questions and challenges for those affected, and, at Burns & Wilcox, we are here to help as the community approaches how to recover.   As some homeowners begin the process, navigating insurance claims may feel overwhelming. For brokers and agents in…
Amid a soft but stable market, Andy Wood, Vice President, National Professional Liability Practice Leader, Burns & Wilcox, Chicago, IL, shares insights from the Eye on 2025 P&C Webinar on balancing growth, underwriting discipline, and why price isn’t the only factor in Professional Liability insurance. https://vimeo.com/1047143462/e6da62e385?share=copy  For additional E&S intel, watch the full webinar recording here.Â
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