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Construction Site Vandalism Exposes Equipment Coverage Gaps
Inside This Article: Several pieces of heavy construction equipment were severely damaged in a recent vandalism incident at a California housing development. Damage to heavy equipment can create major financial and operational challenges for contractors, including project delays and replacement equipment costs. Contractors should review their Inland Marine Insurance and related coverages to ensure owned, leased, and borrowed equipment is adequately
$1.5M Outback Steakhouse Lawsuit Alleges Mashed Potato Slip-and-Fall
Inside This Article: A recent lawsuit against Outback Steakhouse seeks over $1.5 million in damages after a customer allegedly slipped on spilled mashed potatoes. Employee training and documentation can play a critical role when responding to slip-and-fall claims. Commercial General Liability (CGL) Insurance can help businesses respond to third-party bodily injury allegations. Rising claim severity is prompting many businesses to
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Key Takeaways: The High-Value Solutions market is stabilizing, with admitted carriers returning to some geographies, increased competition, and expanded Excess and Surplus (E&S) capacity. Underwriting flexibility is improving for catastrophe-exposed risks, including wildfire, wind, and flood. Clients may benefit from having their broker market their insurance program including revisiting higher deductibles, water sublimits, and reduced coverages implemented during the hard market. Product innovation is expanding customization through layered programs,…
Personal Insurance solutions for affluent and high-net-worth clients often require evaluating more than the property itself. In this clip from our recent High-Value Solutions webinar, Albert Reed, Manager, Personal Insurance, Senior Underwriter, Personal Insurance, Burns & Wilcox, San Francisco, California, discusses the importance of assessing the individual behind the risk when building comprehensive coverage solutions. https://vimeo.com/1194400162/1191ac75f8?share=copy&fl=sv&fe=ci
Changing market conditions may create new opportunities to strengthen Personal Insurance coverage for affluent and high-net-worth individuals. In this clip from our recent High-Value Solutions webinar, Kris Guasch, Associate Managing Director, Underwriter, Personal Insurance, Burns & Wilcox, Ft. Lauderdale, Florida, discusses how brokers and agents may be able to revisit coverage options and secure broader protection for clients. https://vimeo.com/1194062504/5cde65c71d?share=copy&fl=sv&fe=ci
The Personal Insurance market is transitioning out of a hard market cycle, though underwriting discipline remains. In this clip from our recent High-Value Solutions webinar, Sarah Chandonnet, Director, Private Client, Burns & Wilcox, Detroit/Farmington Hills, Michigan, discusses where brokers and agents may be finding greater market flexibility for affluent and high-net-worth clients. https://vimeo.com/1194061394/581538c48c?share=copy&fl=sv&fe=ci
Inside This Article: A $19 million Denver Zoo sea lion habitat project is at the center of a lawsuit alleging design and construction failures. The lawsuit alleges multiple defects in the recently opened habitat, including improper water levels, leaks, and cracking. Architects & Engineers (A&E) Professional Liability Insurance plays a key role when claims arise from alleged design errors or failure…
The Professional Liability market remains competitive, with emerging pressures taking shape in select segments. See how rising severity, evolving Cyber risk, and early signs of firming are influencing coverage and underwriting.Â
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