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How to Protect Business Income as Hurricane Florence Approaches

More than 1 million Americans have been directed to evacuate their homes and businesses along the East Coast this week as Hurricane Florence moves toward the Carolinas. Thousands of businesses may not be operating for an extended period of time depending on the extent of damage from the storm. When a major hurricane such as…

California Kidnapping, $2 Million Ransom Shows Need for Protection

A California man who owns a luxury car dealership remains missing after he was abducted by three men in July near Los Angeles, California, according to authorities. His captors have demanded $2 million in ransom. The kidnappers reportedly contacted missing entrepreneur Ruochen “Tony” Liao’s family in China to demand the ransom. The captors did not…

Burns & Wilcox Minneapolis Moves to a New, Top Tier Office Space

Tom O’Donnell named Associate Managing Director Minneapolis, MN (August 13, 2018) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, announced today the relocation and expansion of its Minneapolis office, and a newly appointed Associate Managing Director, Tom O’Donnell. The office, which focuses heavily on specialty Commercial and Personal insurance, will…

Summer Recreation Tragedies Show Elements of Risk

Earlier this summer in Daytona Beach, Florida, two roller coaster riders fell 17 feet resulting in severe injuries when a car derailed due to excessive speed. An investigation showed the derailment was likely the result of the initial design of the roller coaster in combination with wear and multiple strains. Nearly a month ago, a…

Uber Driver Who Recorded Passengers Pushes Privacy Boundaries

An Uber and Lyft driver who live-streamed passengers in his vehicle to a channel on the video streaming website Twitch is part of a growing number of practices that challenge privacy rights in today’s surveillance society. Since March, hundreds of St. Louis-area passengers have been streamed online without their knowledge by their driver, Jason Gargac….

Burns & Wilcox Adds Environmental Insurance Veteran to New York City Office

New York (July 24, 2018)— Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, today announced the addition of Jeffrey R. Cunningham, Senior Broker, Environmental Insurance, to its 5th Avenue, New York City office. Cunningham previously served in leadership roles at American Risk Management Resources; Hub International; Willis North America; and Marsh;…

800-Pound Boulder Tragedy a Reminder of Risk in Transporting Goods

When transporting items commercially, securing your cargo properly could be the difference between life and death. A mother and daughter were tragically killed this month in Minnesota after an 800-pound boulder fell off a truck and struck their car, according to police. This tragedy – and others that do not involve loss of life –…

Design, Construction Flaws Can Result in Devastating Financial Liabilities

Florida International University (FIU) wanted a signature bridge to help highlight the school’s “institutional aspirations.” However, the project’s planners appear to have overlooked a design flaw that was likely a key factor in the 950-ton bridge collapsing in March. The tragic accident resulted in the death of one construction worker on the bridge and five…

Marijuana Insurance Rapidly Evolving in North America

The Canadian federal government is expected to legalize the recreational use of marijuana as early as this summer. The number of client registrations for medical marijuana in Canada reached nearly 270,000 by the end of 2017. In the U.S., marijuana remains illegal at the federal level, but 29 states and the District of Columbia have…

As GDPR Takes Effect, Businesses Could be at Risk for Privacy Liability

Data protection rules are getting an overhaul in Europe, which likely will create a ripple effect that impacts U.S.-based organizations, regardless of whether they have European operations. Starting Friday, May 25, the European General Data Protection Regulation (GDPR) will go into effect to update personal data rules, changing the requirements for organizations collecting and managing……