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Inside This Article: A homeowner in Oklahoma City incurred $22,000 in damages after a water main break flooded her basement. The owner had no coverage for the damage under her Homeowners Insurance policy and could not get assistance from the city. Many standard Homeowners Insurance policies exclude water damage from sources outside of the home, such as water main…
Key Takeaways: Homeowners are increasingly seeking coverage from the Excess & Surplus (E&S) Residential Property Insurance market. According to the 2025 midyear report from the Wholesale & Specialty Insurance Association (WSIA), this market has grown by 25% year-over-year, highlighting its importance in a changing environment.  Catastrophic (CAT) weather events are driving the demand for E&S solutions. The National Oceanic…
During our Residential Property webinar, Lauren Glass, Senior Underwriter, Burns & Wilcox, New Orleans, LA, noted that tightening carrier appetites and increasing wind deductibles are reshaping coverage options across the Gulf Coast and Western states. https://vimeo.com/1110976245/943ec30188?ts=0&share=copy
In our recent Residential Property webinar, Justin Pressly, Associate Managing Director, Morehead City, NC, discussed how brokers can better connect Flood coverage to broader Property portfolios across coastal and inland regions. https://vimeo.com/1110977704/9290881588?ts=0&share=copy
With only 4% of U.S. homeowners carrying flood insurance, brokers have a crucial opportunity to help close the coverage gap and better protect their clients. In our recent Residential Property webinar, Brad Turner, Vice President, National Product Manager, Flood, Morehead City, NC, highlighted the staggering economic impact of flood events and emphasized the urgent need for greater education and awareness…
From rising sea levels to intensifying hurricanes and convective storms, the frequency and severity of flood and wind exposures are increasing, placing significant strain on standard Homeowners\' Insurance markets. As traditional carriers continue to limit coverage, there is a growing demand for Excess and Surplus (E&S) solutions for Residential Property.  Join our expert-led webinar for insights into:  Recent trends in…
Inside This Article: A signed 1986-87 Fleer Michael Jordan rookie card sold at auction for $2.5 million, setting a new record for a Jordan rookie card. The card was one of only nine signed by Jordan in 2024 and marked the first sports collectible offered by Pharrell Williams’ auction house Joopiter. Interest in sports collectibles remains high in the…
Key Takeaways: Property & Casualty (P&C) market conditions are stabilizing, with increased competition and moderating rates—though CAT-prone regions remain volatile. Excess & Surplus (E&S) carriers remain vital for distressed sectors like Habitational, Hospitality, and Liquor Liability, even as admitted carriers return to select segments. Severe weather is reshaping risk, as seen in recent Texas flooding and California wildfires earlier…