For those clients who own a business of any size, it is important to obtain the necessary coverage to protect against the wide variety of risks associated with commercial operations. From general to specialized coverage, Burns & Wilcox has unparalleled access to the broadest range of Commercial Insurance Coverage available.
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Theft is a growing concern for many small business owners, according to recent data from the U.S. Chamber of Commerce. In a survey of small retailers, 56% reported experiencing theft from their stores in the past year, and half of the respondents said the issue is getting worse, the association reported. About 53% of small retailers expected even more theft…
Residents of a New York City apartment building are claiming in a lawsuit that construction on a neighboring office building caused their property to sink almost an inch into the ground, leading to cracks and separation in multiple apartment units and forcing some residents to move out, Commercial Observer recently reported. Filed in New York County Supreme Court by the…
A class-action lawsuit recently filed against Twitter Inc. alleges the company did not give employees the legally required notice before laying off 50% of its workforce. The mass layoff affected about 3,700 jobs and came days after Elon Musk acquired the company for $44 billion and began implementing various overhauls. Filed on Nov. 3 in a…
Updated building codes in Florida may have made the difference between damage and total destruction for some properties hit by Hurricane Ian. A post-storm aerial photo of a section of Fort Myers Beach shows one intact home surrounded by 18 homes that were leveled, Insurance Journal reported. The difference, experts say, could be that the home left standing was built…
The fourth quarter began very different than how the majority of the summer months had transpired from a Natural CAT perspective; as Hurricane Ian used the final few days of Q3 to take aim at Florida’s densely populated gulf coast. Despite mandatory evacuations, fairly accurate forecasting of its path and the usual several days to prepare, its damages were devastating.…
Data breaches remain a serious threat for businesses across all sizes and industries. To learn more about how Cyber & Privacy Liability Insurance can help companies address this risk, Crain’s Content Studio spoke with Ryan Ascenzo, Senior Broker, Professional Liability, Burns & Wilcox Brokerage, New York, New York. What are some of the greatest cybersecurity risks companies face today? R.A.:…
Dozens of students from Clemson University in South Carolina were evacuated from an off-campus apartment complex on Oct. 25 due to a carbon monoxide leak that left some residents seeking medical attention for headaches and nausea after possible exposure to the gas. The leak, which may have originated in a main floor retail space where construction work had just been…
Vecna, take note: The Byers’ family home will soon have new occupants. A home in Fayetteville, Georgia, that was used in the filming of the hit sci-fi horror series Stranger Things was recently listed for sale for $300,000. It was then taken off the market just one week later after an offer was reportedly accepted for nearly double the asking…
