Burns and Wilcox News

News

Largest Living Insect Heist Sparks Risk Conversation for Museums

When thieves stole 7,000 rare insects, snakes and reptiles from a Philadelphia museum in August, they forced the closure of two entire floors of the museum while it tried to replenish its $40,000 collection. Museum officials called the theft of zebra tarantulas, rhinoceros roaches and other exotic creatures the “largest living insect heist” in history….

How to Protect a James Bond-Style Ride

Aston Martin recently announced it would make 25 continuation versions of the DB5 that appeared in the 1964 James Bond film “Goldfinger.” They will be priced at $3.1 million each with deliveries beginning in 2020. Porsche’s Project Gold 993 recently sold for $3.1 million at auction, making it the most expensive 993 Turbo ever. These…

Burns & Wilcox Expands Partnership with Detroit Red Wings Justin Abdelkader through Community Giving

 Forgotten Harvest Receives $25,000 Donation from Team Burns & Wilcox Farmington Hills, Mich. (October 29, 2018) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, announced an expansion of its sports marketing initiative today with a $25,000 donation to Forgotten Harvest, an Oak Park-based nonprofit that works to donate food to…

Insuring Your Kids’ King-Sized Halloween Haul

With U.S. spending on Halloween candy projected to reach $2.6 billion this year, and Canada expected to surpass $1 billion, 2018 will likely be a record season for trick-or-treaters across the country. A Confectionery Indemnification Policy (CIP) can help protect that bumper crop of candy. This new policy is available for kids ages 5 to 12, with consent…

Cannabis: A Growing Risk

Between the national legalization of recreational marijuana use in Canada effective October 17 and the ongoing state ballot proposals related to public consumption in the U.S., cannabis remains one of the most debated topics for consumers and business owners today. Many Canadian businesses have already begun to make edible cannabis products even before those types…

Senior Living Facilities Face Lawsuits in Aftermath of Hurricane Irma

A 90-year-old mother tragically passed away in the days following Hurricane Irma’s landfall in Florida last summer. According to a wrongful death lawsuit filed against an assisted living facility last week, her son states the facility failed to provide a safe and comfortable living environment—claiming its air conditioning and other mechanical systems failed after the…

Camera-Managed AmazonGo Stores Prime Target for Cyber Breach

Amazon has been using software applications to follow and understand its customers for a decade. It has been using its virtual assistant, Alexa, to listen to its customers for the past two years. And now, through its AmazonGo stores, it will use a network of sensors and cameras to watch its customers. Last week, Bloomberg…

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;…