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Jobs in truck transportation may be showing signs of a slow comeback, according to new data from the Bureau of Labor Statistics. The latest numbers, released Jan. 5, indicate that seasonally adjusted truck transportation jobs grew by 3,300 in December to a total of 1,586,300 jobs, FreightWaves recently reported. It is the second consecutive month of growth for trucking jobs.…
The Property & Casualty (P&C) market is in a hard market. Typically, the Environmental Insurance sector operates in the reverse of P&C markets—and that is what we are seeing now. Environmental Insurance is in a soft market. Key Takeaways: Environmental Insurance market remains soft, terms expected to tighten. Rates expected to increase by 3-5 percent in 2024. Burns & Wilcox…
During this webinar, our experts Blaise D’Antoni and Bill Gatewood met to discuss the factors that will shape the 2024 Property and Casualty market. Paul Smith hosted. Key Takeaways: There is an overall broader sense of optimism in the 2024 commercial property market. It has improved but still has to overcome the significant CAT losses from previous years and growing…
Home building costs are continuing to rise in the U.S. and Canada. In San Jose, California, construction costs have reached record highs as builders deal with increased costs and high interest rates, Newsweek recently reported. Many would-be homeowners are priced out of the market, while some home builders have turned to designing smaller houses so more buyers can afford them.…
During this webinar, our panel of experts explored the current Environmental industry challenges and provided tips for brokers and agents on how to be successful in providing solutions for their clients. Featured Experts: Beth Linton, Vice President, Environmental Brokerage, Environmental Underwriting Solutions, A division of Burns & Wilcox, Atlanta, GA Karim Jaroudi, Manager, Environmental, Burns & Wilcox Canada, Toronto, ON…
Residents of an apartment complex in Atlanta, Georgia, that was severely damaged in a three-alarm fire on Nov. 10 have filed a class-action lawsuit against the building owners, claiming the owners failed to maintain the property’s fire suppression system and allowed access to the roof, where the fire began. The devastating blaze that destroyed most of the Reserve at LaVista…
A woman who fell off her bike and was injured while leaving her workplace at the University of California will be eligible for Workers Compensation but cannot sue her employer for negligence, an appeals court ruled. Based on the \"premises line\" rule, the employee was still engaged in the course of her employment when the accident occurred, as she was…
The U.S. Coast Guard rescued four crew members after a 60-foot luxury yacht flooded and overturned off the North Carolina coast recently, forcing them to abandon ship in a life raft, according to reports. The captain of the vessel later sent his thanks to the Coast Guard and locals, who he said were “absolutely amazing” in the Oct. 21 helicopter…