Burns and Wilcox News

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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……

Great Lakes Oil Spill Shows Need for Environmental and P&I Coverage

The U.S. Coast Guard and other authorities have completed one phase of an investigation into severed underwater cables that leaked about 600 gallons of mineral oil insulation fluid in the Straits of Mackinac. Officials suspect a boat anchor strike April 1 damaged the cables and dented oil pipelines in the waterway that connects Lake Michigan…

Allegations Against Tom Brokaw Illustrates Need for Liability Coverage

Longtime NBC News anchor Tom Brokaw is the most recent celebrity to be accused of sexual misconduct, although he denies the claims. This latest example of the #MeToo era Americans live and work in is prompting organizations to ask whether their insurance policies protect their executive team and employees from accusations of sexual harassment. The insurance…

Masters Lodging: Home Rentals Need More Than Homeowners Policy to Protect Against Risk

When the PGA Tour’s first major, the Masters, is held this week at Augusta National in Georgia, thousands of fans from around the world will converge on the small town of Augusta. It is estimated that 150,000-190,000 patrons attend the Masters each year. And they will all need a place to stay. With hotels and online rentals being booked nearly two years in advance,…

Facebook Data Mining Triggers Need to Review Cyber and Privacy Liability Insurance

After learning through recent news reports that more than 50 million Facebook users unknowingly had personal data from online profiles shared with a data mining firm, consumers are scrambling to review personal information shared on their own social media accounts. This developing scandal will likely prompt organizations of all sizes to reinvestigate their privacy policies…

Burns & Wilcox Announces Official Sponsorship of Detroit Red Wings Alternate Captain Justin Abdelkader

DETROIT (February 27, 2018) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, today announced its official sponsorship of Justin Abdelkader, alternate captain and left wing of the 11-time Stanley Cup Champion Detroit Red Wings. “Justin Abdelkader’s leadership on and off the ice match the distinctive, competitive qualities of the more…

Commercial Marine Insurance: Comparing Cruise Ships to Local Ferries

The cruise ship industry sees nearly $38 billion in revenue annually around the world, with more than $15 billion invested into new cruise ships. Ferries, cruise ships, and other passenger vessels are a much different exposure than cargo ships that carry dry cargo, not people. Accidents and catastrophic mechanical failures with passenger vessels often result in…

Burns & Wilcox Initiates Inaugural Insurance Partnership for Cybersecurity Education with the Identity Theft Resource Center

DETROIT (December 13, 2017) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, recognized throughout the industry for its expertise in Cyber Liability, today announced a partnership with the Identity Theft Resource Center (ITRC). ITRC is a nationally recognized nonprofit organization established to support victims of identity theft. The partnership will provide…

Burns & Wilcox Expands in Los Angeles, Launching Downtown Presence

LOS ANGELES (November 30, 2017) – H.W. Kaufman Group announced today the opening of its newest office in downtown Los Angeles, California for Burns & Wilcox – North America’s leading specialty wholesale insurance broker and underwriting manager – and Burns & Wilcox Brokerage – a distinct business unit exclusively focused on large, complex wholesale brokerage….

Burns & Wilcox Unveils Personal Cyber Extortion and Ransom Coverage During Cybersecurity Awareness Month

DETROIT (October 24, 2017) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager recognized throughout the industry for its expertise in Professional Cyber Liability, today announced the launch of a new, cutting-edge Personal Cyber insurance endorsement. The coverage includes ransomware and cyber extortion. This endorsement places Burns & Wilcox among the…

Largest Insurance Company in Michigan, H.W. Kaufman Group, Expands to Grand Rapids, Heightens Visibility in Home State

Grand Rapids, Mich. (October 19, 2017) – H.W. Kaufman Group, Michigan’s largest insurance company, announced today the opening of its new office in Grand Rapids, Michigan for Burns & Wilcox – North America’s leading wholesale insurance broker and underwriting manager. This comes on the heels of the acquisition of Grand Rapids-based Chlystek & White Insurance…