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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A virtual “try-on” tool for sunglasses offered by Louis Vuitton collected customers’ facial scan data without their consent, violating the Illinois Biometric Privacy Protection Act, a new lawsuit against the luxury brand alleges. The proposed class-action suit, filed April 8, claims the LVMH corporation’s North America unit took biometric data from online shoppers when they used their webcams to try…
The Workers’ Compensation market has been significantly impacted by COVID-19 and several other factors over the last year. What has not changed is that we are in the eighth consecutive year of a soft market within Workers’ Compensation that offers plenty of opportunity for capacity and competitive prices for clients. Current headwinds indicate that trend could change, however. While capacity…
Two Kinder chocolate products sold in the U.S. are being recalled after salmonella typhimurium was detected at the Belgian facility where they were made. While no salmonella cases have been identified in the U.S., the facility is linked to a salmonella outbreak in Europe that has sickened at least 142 individuals, most of whom are young children. Ferrero’s voluntary recall,…
Digital assets in the cryptocurrency market have seen explosive growth in recent years, surpassing $3 trillion in November 2021. That total was up from just $14 billion at the end of 2016. It is also estimated that 40 million Americans, or 16 percent of the population invested in cryptocurrencies last year—with more than 100 countries looking into the option of…
A new flood-risk rating system went into effect April 1 for all National Flood Insurance Program (NFIP) policy renewals, moving the U.S. government-backed Flood Insurance program to a method of determining premiums that is expected to be more precise and equitable. According to FEMA, the Risk Rating 2.0 system uses industry best practices and the latest technology to provide rates…
During this webinar, Burns & Wilcox was joined by our own Bill Gatewood and Craig Anderson, plus special guests Rick Salway and Adam Riches, to discuss the state of the Recreational Marine Insurance Market, specialty solutions, and predictions https://vimeo.com/693699596/5df1e3d334
A fire that destroyed much of a historic country club in Bloomfield Hills, Michigan, may have been started by construction work involving a propane torch, new video footage suggests. The Feb. 17 blaze at Oakland Hills Country Club caused an estimated $80 million in damage to the clubhouse and was a near “total loss,” according to reports. Video recovered from…
Businesses in the hospitality industry face a variety of property and liability risks. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Bonnie Steen, Vice President, Managing Director, Burns & Wilcox, New Orleans, Louisiana. What are some of the greatest risks today for restaurant hospitality businesses? B.S.: From a property standpoint, one of…
